|Tips on Buying a Home:
Determine what you want - This is the time to consider where you would like to live and what type of home you envision yourself in. Take into consideration- the size of home you need for your family, the type of home, the commute to work, the importance of schools and all amenities. Consider the neighbourhood you would like to live in, and whether you prefer newer or older homes? All of these answers will help you in finding your new home.
Consult your Mortgage Specialist - See what you can realistically afford. Get Pre-approved to save yourself time later. I have lists of referrals and contacts if you need help getting started.
Consult Jee - Now that you have a list of what you want and you know what you can afford its time to consult Jee. I will provide you with a detailed list of homes that meet your criteria.
View Homes - After reviewing all the current listings, you need to go out and see the homes that pique your interest. Take a feature sheet of each home meeting your criteria and make notes about the home, after seeing one or two homes it's a great reference to remember your likes and dislikes with each home you viewed. It is also important for you to give Jee feedback about each home, letting me know what you like, dislike and why. This will help them choose future homes for you to view.
Offer & Negotiate - Now that you have found your home. It's time for the Offer and Negotiation. You must consider the following points when making an offer:
- Offer Price
- Closing Date, When is it most convenient for your family to Move?
- What conditions do you want in the offer- financing, home inspection
- What items are Included/Excluded?
After you have negotiated these points, Jee will present your offer. The Seller can accept, reject it, or counter. If the offer is countered, then you must consider whether you want to sign back the offer and proceed with the process or if you want to end the process and look for another home. Jee will guide through this process but always the decision is yours.
Satisfy Conditions - If you decide to proceed, and your offer has conditions, your next step is to satisfy all conditions. It is important that you satisfy all conditions before their deadlines.
Select a Lawyer - Your Lawyer will conduct the title search, prepare all necessary documents and complete the closing of your new home. Your Lawyer's role is to ensure that all terms of the Agreement of Purchase and Sale are met. A few days before your closing you will meet with your Lawyer to sign all the documentation required to complete the sale. You will also have to give your Lawyer the monies for your down payment and closing costs, please be aware that you may be required to certify your cheque.
Move into your New Home - As soon as you have your moving date, contact Movers for quotes. Approximately one month before closing contact your bank, the post office, your cable company, Internet provider, telephone company, newspaper , utilities, credit card companies, OHIP, and the MTO about your move and make appointments for new installation if required at your new home.
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