Tips for Buyers
Mortgage Information
Mortgage Calculator
Finding a Home
We will work with you to get a pre-approved
for a mortgage if need be. Sellers and their agents know that a pre-approved
buyer is serious and prepared to close on a property quickly.
Provide immediate access to any new listings
that meets your search criteria.
Email, Broadcast fax, or distribute your specific
home requirements to top producing agents in the area alerting them
that we have a qualified purchaser.
Preview all new listings, Internet listings,
Open Houses and, and For Sale by Owners that suit your home requirements.
Provide a comprehensive market evaluation of
the properties you choose to view.
Offer step by step communication of all processes
leading to the transaction closing.
Provide consultation and recommendations of
the written offer to purchase, with terms approved by you.
Negotiate the right price for you.
BUYER'S TIPS
CREDIT - Having good credit will help you get good financing
- That means a better interest rate & a lower monthly payment.
Poor credit will make you a bigger risk in the lender eyes which means
a higher interest rate & a steeper monthly payment.
FINANCING - Meet with a lender as soon as possible. Learn what
the costs & fees are to finance a mortgage. What types of mortgages
are available & what your monthly payments might be. A pre-approval
from your lender shows that you are a serious buyer & well prepared.
REAL ESTATE AGENT - Speak with an agent. He/she can put everything
in perspective for you. Learn the "full circle" of the real
estate process. From financing, the attorneys or home values, the agent
understands the entire buying/selling & closing process & can
teach you how it works & what might work best for you. The more
you learn, the better decisions you'll be able to make when the time
comes.
LOCATION - Consider what location works best for you. Look at
all the factors that are important to you - resale value, schools,
work, taxes, recreation, shopping etc.
RESALE - Think resale value when looking at homes. Location,
school districts, style of home & all its amenities play an important
role in a home's value. Good locale should mean good resale value.
HOME INSPECTION - A professional home inspection will help you better understand
the property condition & the eventual repairs you are likely to face in
the future.
SAVE - Save your money. Your cash costs to purchase a home will
include: down payment, bank closing costs (for processing your mortgage),
attorney fees, home owners insurance, moving & other expenses.
You may be able to cash in your RRSP's with no tax deduction if you
are a first time home owner. You can also look for "gifted money" from
a relative as a possibility if you are short on cash.
DON'T RUSH! - Become familiar with the market before making
a purchase offer & follow the above instructions. Better decisions
to buy can be made once all your questions have been answered.
IDEAL HOUSE - Don't repeatedly dismiss a home that meets most
of your criteria. You may lose the best available property as well
as good financing.
AVOID OVERBUYING - Don't become a "prisoner" to your
home. Buy what is practical & what works best for you. Do not buy
with your "eyes & emotions".
If you have any questions, we are
always here to help. We can supply you with the information & materials
you need.
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