There are many steps and stages that must be navigated when purchasing a property. One of the most important decisions is making sure you have the right Realtor® representing you through the process. When you choose to work with me, I will be with you every step of the way, even after the sale. My knowledge, attention to detail and desire to provide exceptional service will prove invaluable to ensuring your real estate transactions are effective, informative and successful.
As your Realtor®:
I will represent you, not the seller.
I will provide guidance to you from start to finish regarding all matters concerning your purchase.
I will do a needs analysis with you to determine your “must haves” your “nice to haves” and your “deal breakers”.
I will preview homes with you.
I will provide you with the most up-to-date listings in your price range and with the most recent sales in your chosen area(s).
I will make you aware of current issues that could affect land value.
I will prepare a reasonable binding offer.
I will negotiate the best price and terms for you that meet your needs and budget.
I will put you at ease and answer all of your questions in an open and honest manner.
I will over see the whole completions process.
I will be available long after the sale has completed.
I will find you the perfect home.
PREPARING YOUR FINANCES
Financial stability is a priority when looking to purchase a home. If you are planning to purchase in three months or a year from now you want to make sure that you are financially ready and that your credit worthiness will get you a good mortgage rate.
Get Your Finances in Order
Now is a good time to clean up your credit. Do a credit check to see if there is anything that may make the process of getting a mortgage difficult. Do you have any past dues? Any late payments? Any large outstanding loans? Try to pay off any debts and ensure you are making payments on time.
Make sure you have filed your taxes. You will need at your last 2 years and sometimes 3 years of tax returns when applying for a mortgage.
Now is not a good time to make sudden career changes or large purchases.
Determine how much money you have, will need or want to have as a down payment. At a minimum you will need 5% of the purchase price of the home you are planning to buy.
There is nothing worse than falling in love with your dream home and learning that you can’t actually afford to buy it. Before you start shopping for a home you it is best to speak with a Mortgage Specialist to determine how much you can afford and at the best rate. Pre-approval lets you know how much you can spend on a new home and often allows you to lock in at an interest rate for a period of time; which could potentially save you thousands of dollars for years to come.
I will be happy to recommend experienced, knowledgeable mortgage professionals that have an excellent reputation and track record for successfully acquiring the very best loan approval for my clients.
PREPARING TO BUY
Buying a home is likely one of the biggest financial decisions you will ever make, and this decision must be made carefully. Before you start shopping for a home it’s a good idea to make some preparations.
Having a clear sense of reasons for buying will help you choose the right property.
Questions to ask yourself:
Why do you want to buy? To stop paying rent? To start building equity? To have a place of your own? To raise a family? Do you want to live in a different area? Shorten your commute?
Where do you want to live? Think about city, neighbourhood, community. What are important factors, close to family, shopping centres, recreational and community services, place of worship, hospitals, school zones. Older and established neighbourhoods or up-and-coming and new neighbourhoods. How far are do you want to commute for work. Do you require public transit?
What kind of home do you want? Think about the size and kind of property, do you want a condo, townhouse or single-family home – the options are endless! You may also want to consider, how much space do you need? Do you want a yard? Do you want a new home, a renovated home or an older home you can fix up.
Think of yourself as zeroing in on a target.As you go through these questions, try to separate the “must haves” from the “nice to haves” to the “must not haves”.
LET’S GO SHOPPING
Now that we know how much you can afford, the area you want to be in and the kind of home you are looking for, its time to find the right property for you!
I will take the time to learn what you want in a home. I will look at your needs and desires. I think of this part as match-making. Even if you already know what you want on paper, the best way to really zero in on finding your new home is get out and start looking.
I will be by your side every step of the way, I will go with you to view any properties that meet your criteria or that you are interested in viewing. As we look at homes, I will always have your best interest in mind, I will provide in-depth property details of each home we view, point out desirable features you may not notice and identify potential concerns you may have overlooked.
TIME TO BUY
We found the perfect home, this is where the navigation of the process really begins.
I will prepare and present an offer and negotiate skillfully on your behalf to get you the home at the most favorable price and with the best terms.
Deciding on Price, Terms and Conditions
I will conduct a Comprehensive Market Analysis (CMA), complete with comparable active and expired listings, recent sold listings and other historical data to assist in determining the market value of the home. This is helpful when negotiating a fair price. We will also discuss closing dates and what conditions to include such as home inspections, appraisals, etc….
Prepare and Review of the Offer
I will create a Contract of Purchase and Sale that protects you, follows your instructions and matches your schedule and needs. Once prepared I will review the offer with you so that you know exactly what you are agreeing to.
Offer Presentation and Negotiations
I will present the offer to the seller’s agent and will negotiate skillfully on your behalf to get you the home at the most favorable price and with the best terms. There are 3 options that can occur when an offer is made:
A. The seller accepts your offer.
B. The seller rejects your offer. This isn’t common but can happen and I will work to find out why.
C. The seller countersigns. The seller may change the price and terms of the offer and present it back to you. I will continue to negotiate on your behalf until both parties can reach agreeable terms. I will also advise you if I think that an agreement cannot be made, and it is time to walk away.
Once the offer has been accepted and both parties have agreed on price and terms, now is the time to start the process of satisfying the conditions of sale in order to meet the deadline and firm up the purchase. I will assist you throughout this process.
Once conditions are removed and the contract to purchase and sale is firm, you will typically have 30-90 days before the closing day. The closing day is the exchange of money and title and is usually done 2-5 days prior to the possession day. The day you get your keys!
This is an exciting time, but there is also a lot to get prepared so its best to be organized well in advance of the closing and possession dates. I few things to make sure are organized:
- I will assist you in making sure that your lawyer or notary has all of the necessary documentation for you purchase including; agreement, waivers, survey and any other purchase documents. You will still need to provide some additional information: insurance papers, down payment information, financial documents and other documents that may be requested.
- The funds should be available a week prior to closing date or when your lawyer/notary has requested to receive the funds.
- Moving arrangements should include:
- Whether you are using professional movers, renting a truck, or getting a bunch of friends and family together, plan and organize it early.
- Contact your utility providers to coordinate the change of billing on closing. This include phone, internet, cable, gas, electricity, water. Don’t forget to cancel the services to your old address!
- Inform your children’s old and new schools about the move.
On the possession day I will meet with you and provide you with the keys to your new home and do a final walk-thru together. Just because you have moved my services don’t stop. I will always be available to assist you with any questions you may have about your move or new house.