Let ME take the worry of the home buying process while YOU worry about how you are going to decorate your new home.
PURCHASE PROCESS
- Contact Dylan, who can help you connect with a mortgage agent to get pre-approved and to find out what you can afford to spend
- Inform Dylan of your budget and housing needs. With this info applicable listings will be provided and showings can commence
- Once the right property is found, an offer to purchase is written up, presented and negotiated. If accepted, any conditions need to be met and waived within the allotted time
- Prior to the closing date (date of possession), the Buyer's title company will review the agreement, ensure the title is clear and all taxes and utilities are setup and paid
- On closing day the Buyer will pick up the keys at the title company's office
GLOSSARY OF TERMS
DEPOSIT
acts as a security and often accompanies an offer to purchase.
DETERMINE NEEDS
Location is typically of utmost importance, especially for resale purposes. Current and future needs should be considered
- size
- # of bedrooms
- # of bathrooms
- parking
- rental potential
- renovations
- etc
DOWN PAYMENT
the remaining balance of the purchase price (minus deposit and mortgage amount) i.e. personal savings
HOME INSPECTION
is recommended when determining the condition of the property and relay any areas of concern. Typically costs between $350-$500
INSURANCE - MORTGAGE LOAN
(optional) If a Buyer cannot afford to put down 20% of the purchase price. Premiums vary
INSURANCE - PROPERTY
mortgage lenders require the property be insured on closing
INSURANCE - TITLE
highly recommended to ensure that the property's title is free and clear on the date of possession.
LENDER APPRAISAL FEE
your mortgage lender may request to appraise the property. Costs typically $250-$350 (may be waived)