Buying a home

Determine What You Want
On a scale of 0 to 5, rate the following characteristics most important to you in a home and neighbourhood:
0 = not important 3 = moderately important 5 = must have
Large Kitchen _____ Family Room/Great Room _____
Fireplace _____ Master Ensuite _____
Walk In Closet _____ Finished Basement _____
Garage ___ (# of doors) ___ Close to Schools _____
Close to Public Transit _____ Close to Shopping _____
Quiet Street _____ Large Back yard _____
North/South View _____ East/West View _____
Specific requirements:
Number of Bedrooms: _____ Number of Bathrooms: _____
Style of Home:  Single dwelling___ duplex___ condo___ townhouse___ acreage___
Your Realtor
Lynn can provide you with the following services:

  • Act as a consultant to determine your real estate needs, help you establish what you can afford and assist you with mortgage financing. Advise you of costs such as legal fees, closing costs and down payment options involved in the buying process.
  • Identify and represent you in one of three market scenarios:
    1. Buyers Market
    2. Sellers Market
    3. Balanced Market
  • Identify communities and homes that are most suited to you as an individual, couple or family.
  • Research all MLS® listings to find the right home for you. I also have “first knowledge” of new listings as they are recorded.
  • Discuss pricing with you.
  • Provide information on properties and accompany you as an adviser when showing suitable properties.
  • Promptly present offers and negotiate on your behalf. Negotiations could involve one or numerous counter-offers.
  • Guide you through the process if there is more than one offer for the property on which you have made an offer to purchase.
  • Arrange a Property Inspection.
  • Guide you through the process from offer to closing. This includes facilitating the completion of all paperwork and monitoring all closing activities.
  • Keep you informed throughout the entire purchase process.

 

 Deposit
 You will require a deposit to accompany any offer you may write.  Lynn will discuss this with you, how much, when and who is it payable to.
Mortgage
Get a pre-approval letter for a mortgage. Mortgage factors to consider:

  • What type of mortgage is best for you?
  • How much should your down payment be?
  • Are you eligible for an RSP home buyer withdrawal?
  • There may be a fee for mortgage application and appraisal fee.
  • Documents needed to secure a mortgage include:
    • A copy of the real estate listing of the property OR for a new home, the builders plans, lot size and location.
    • A copy of the offer to purchase.
    • Documents confirming employment, income and source of pre-approval.
Home Inspection
By hiring a home inspector you will protect one of the most important investments of your life. A home inspection will reveal the structural and mechanical soundness of your home as well as provide you with suggested maintenance items when the home is yours. The report will advise you of:

  • Existing and potential problem areas.
  • Suggested solutions.
Closing
Set aside enough funds to close your deal. Closing expenses include:

  • Legal fees.
  • Legal disbursements.
  • Tax closing adjustment.
  • Utilities closing adjustment.
  • Property inspection
  • Utility and cable connection charges.
  • Home and property insurance coverage.
  • Mortgage Insurance.
    • Life
    • Disability
  • Moving Expenses.
On closing the deal:
  • Schedule mortgage payments and property taxes.
  • Secure insurance coverage.
  • Transfer utilities.
  • Arrange the move.