Here are some of the actions I conduct for a Preferred Buyer Client:
Conduct a one hour confidential Buyer Consultation and 'Needs Analysis' before we begin to search for any properties.
Based on our interview, an in-depth market search will be performed for you for MLS, Exclusive and New Developments if applicable.
E-mail you all listings that meet your criteria, which will also involve set-up on our computerized 'Prospect Match' on our MLS© system.
Coordinate and confirm all showing appointments on properties that you have selected to view in person.
Show you all properties at times that are mutually agreeable.
Prior to preparing any offer, we will research and compile a detailed CMA (Comparative Market Analysis) on the property to determine its market value.
Work closely with you to negotiate the best possible pricing and terms to protect your interests.
Provide you with a choice of real estate lawyers, mortgage financing professionals and any other service providers and check lists needed for your home purchase.
Contact and arrange appointments for any services that you select.
THE BUYING PROCESS
There are a number of things you can do to simplify the process, including:
Defining Your Financial Situation
Desired Features in Your Next Home
*As no two situations are the same, I tailor my approach for each Buyer to ensure all needs are met.
The Buying Process is fully explained during a confidential consultation. To arrange, please contact me at firstname.lastname@example.org.
NEW CONSTRUCTION PURCHASES
I can assist all Buyers in their purchase of New Construction Condominium or Freehold Properties.
What you are willing to pay and what is considered Market Price?
Deposit and Down Payment
How much money do you have for your deposit and down payment?
Initial Renovation Costs
Inspect the property with a licenced home inspector and review the property with a contractor for an estimate of your renovation costs prior to making an offer.
I recommend 2.5% - 3.5% of your purchase price to cover all of your closing costs. If you are a first-time buyer you will have an instant rebate on a portion of the Land Transfer Tax.
If the property is not already a rental, contact the property management company and ask if there would be any problems in leasing the property. If you are purchasing in a condominium building be aware that some buildings have a limit on how many units can be leased at a given time.
This information will be provided by the Seller.
If it is already a Rental you may be able to get the numbers from the property owner/landlord otherwise contact some insurance companies to get a quote and compare.
Mortgage Interest Rate
This should be obtained from your local mortgage broker/specialist.
Mortgage Amortization (years)
25 and 30 Year amortizations are available in Canada.
Mortgage Term (years)
1 to 10 year terms are available. The most common is 5 Years.
Mortgage Insurance %
If you have less than 20% as your down payment, you will require mortgage insurance.
Land Transfer Tax
Transfer tax varies depoending on where you are purchasing in Ontario. I can assist estimating your land transfer costs and your lawyer can confirm.
*This list is not inclusive of all of the costs and considerations you may encounter when dealing in Real Estate.
Every transaction is unique and should be approached in such a way.