Finding a home is not easy. It takes planning and lots of research work. With Jenny by your side, the process can be simplified.
Do you need an extra bathroom, a garage, a fenced backyard, a short drive to work? Once your list is complete, decide what’s most important to you.
This is one of the most significant influences on the value of your home. Even so, make sure to consider such things as distance to work, schools, shopping and entertainment.
Determine what type of home best suits your desired lifestyle and budget.
How much do you want to spend?
A REALTOR® can help you answer all of these questions and help you navigate through what can be a complicated business transaction.
A REALTOR® will use various tools to try and find properties that meet your specifications.
When you select a property and decide to visit a house, there are many things to consider:
Once you find a house you want to make your home, your REALTOR® can help you develop an offer. In the offer, you should specify how much you're willing to pay. State when the offer expires and suggest a closing date for the transaction. You can also propose some conditions on the offer. Some common types of conditions are:
You will need to present a deposit along with your offer. An appropriate deposit will show your good faith to the seller.
After your offer is accepted and all conditions met, the offer becomes binding on both sides. If you later refuse to honour the agreement, you may lose your deposit or might be sued for damages. Before signing, make sure you understand and agree with all terms of the offer.
Before the property can formally change hands, there are still a few things to do. Be prepared to furnish proof to your lender that you’ve insured your new house. On or before closing day, both side’s lawyers will arrange to transfer title of the property from the seller to you. The mortgage money will be transferred to your lawyer's trust account, and then to the seller, and your lawyer will bill you all additional expenses such as land transfer taxes or outstanding legal fees.
At this time, be sure to check with your lawyer that everything is as stated in the offer-to-purchase.
No matter what type of home or property you're buying, plan on some extra expenses.