PICK A REALTOR
Selecting the right Realtor is paramount when embarking on your home buying journey. Your choice will shape your entire experience, so make it count. Here’s why you should choose me as your Realtor:
- I am dedicated to representing your interests, not those of sellers.
- I provide comprehensive guidance throughout the purchasing process, from location recommendations to advice on taxes, conveyance lawyers, mortgage brokers, and property inspectors.
- I keep you informed about current factors that may affect property values.
- I skillfully negotiate the best terms and prices that align with your budget.
- I offer up-to-date listings in your desired price range and area.
- I accompany you on home visits.
- I prepare reasonable binding offers.
- I am available to answer your questions openly and honestly.
- I oversee the completion process.
- I remain at your service long after the sale is finalized.
MORTGAGE PRE-APPROVAL
Prior to embarking on your home buying journey, obtaining mortgage pre-approval is essential. This step not only helps you determine your affordable budget but can also lock in a favorable interest rate, saving you thousands. Here’s how to secure pre-approval:
- Consult a mortgage specialist to explore various rate and term options.
- Complete an application to assess your eligibility based on factors like Gross Debt Service (GDS) and Total Debt Service (TDS) ratios.
- Gather financial documentation for verification.
- Obtain a copy of your pre-approval as a powerful bargaining tool with sellers.
DEFINING YOUR PREFERENCES
To streamline your home search, it’s crucial to clarify your requirements and preferences. Start by addressing these three key questions:
- Where do you want to live? Consider factors like proximity to schools, shopping centers, recreation facilities, worship places, hospitals, and public transportation.
- What type of home suits your needs? Explore options such as detached, semi-detached, bungalow, split-level, two-storey, duplex, townhouse, or condo, along with lot size and home age.
- What are your must-haves and deal-breakers? Identify essential features like a basement, garage, pool, fireplace, bathrooms, bedrooms, and any exclusions.
NEGOTIATION
Once you’ve found your dream home, it’s time to navigate the offer process:
- Decide on price, terms, and conditions with guidance from your Realtor.
- Prepare the offer document, ensuring it aligns with your needs and schedule.
- Carefully review the offer with your Realtor to understand its details and terms.
- Your Realtor will present and negotiate the offer on your behalf.
- Outcomes may include acceptance, rejection, or counteroffers, with ongoing negotiation to reach mutually agreeable terms.
HOME INSPECTION
After securing an accepted offer, you have the opportunity to inspect your prospective home:
- Select a qualified home inspector.
- Ensure a thorough inspection covering plumbing, electrical systems, roof, insulation, walls, ceilings, floors, windows, and foundation.
- Attend the inspection to observe any issues firsthand.
- Request a detailed inspection report.
CLOSING
With closing day approaching, ensure a smooth transition:
- Provide necessary documents to your lawyer.
- Arrange for moving logistics and address changes.
- Secure property insurance.
- Transfer utility and service billing to your new address.
- Notify schools about your move if you have children.
- Embrace this exciting journey, and enjoy the satisfaction of a well-organized and successful home purchase!”