The basic steps to buying a home
Basic Steps
The first step in finding a home is identifying your needs as a buyer. Your future home must be large enough to accommodate all members of your family, and there should be some potential to expand the home if you are considering future children. Also to think about is the exact area where you would like to live. Should it be near parks and schools, or closer to Downtown attractions and workplaces.
The next step is to determine your budget for your home. In this step it may be helpful to see a mortgage broker and get pre-qualified for a specific financing amount if you intend to mortgage your home. Some important factors to consider are mortgage rates, home taxes, condo fees, and the Quebec Welcome tax charge.
Once you have a general idea about the kind of home you want to purchase you can actually begin you search.
I can provide you with dozens of house listings which match the criteria you are looking for in a home. Some agents like to lead you on by handing you one listing at a time. I prefer giving as much information to you as possible, so that you can visit many homes in order to make an informed decision.
Once we find a home which is perfect, we can draft an offer to purchase the home. This is a document which contains all the important legal details about the sale. This offer to purchase will be presented to the home seller and it will either be accepted or rejected.
In most cases the seller may draft a counter proposal with some modifications to the original proposal. This is the deal making process at work, and a good agent will be able to keep the deal moving until a sale is created in which both seller and buyer are satisfied.
The next phase in the real estate transaction involves professional inspections of the home and a visit to the notary’s office to finalize the sale.
Clearly there is a lot of negotiating and organization that must be followed before a deal is brokered, and as your qualified real estate agent, I will take care of all the work, free of charge to you, so that you can rest easy and simply dream about living in your new home.
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