Buy With Confidence in Calgary AB

Buying A House

YOUR GUIDE TO A SUCCESSFUL HOME PURCHASE

Buying A Home Process

1- BUYER'S CONSULTATION

2 -LOAN PRE-APPROVAL

3 SEARCHING FOR A HOME

4 DEVELOP A PRICING STRATEGY

5 WRITING & NEGOTIATING AN OFFER

6 MANAGING THE TRANSACTION THROUGH CLOSING

BUYER'S CONSULTATION

REAL ESTATE BUILT AROUND PEOPLE

I know to buy with confidence having a handle on your wants, needs, and expectations early on, ensures we're always working towards the same goal, together. We'll sit down and get it all out on paper, and at the same time, see how we mesh as client/agent.

LOAN PRE-APPROVAL

Securing A PRE-APPROVAL FOR YOUR HOME LOAN
HOW MUCH CAN YOU AFFORD WITHOUT BREAKINGTHE BANK

I want to ensure you buy a home at a price point that is affordable to you. Sacrificing too much of your income to pay the mortgage can make home ownership a burden rather than a point of pride. A lender will assist you in finding the right budget.

A PRE-APPROVAL ADDS STRENGTHS TO YOUR OFFER

Once you're successfully pre-approved for a mortgage with a lender, you will appear to be a stronger buyer to sellers. When we submit an offer, I'll include a written letter of your pre-approval. This demonstrates you are indeed a serious and capable buyer.

WHAT TYPE OF LOAN IS BEST?

Just like any major purchase, it is usually worthwhile to shop around for the best deal. There are also many variables to consider to figure out what loan program would be best suited for your needs.

A local mortgage professional will offer you guidance in weighing the many different options. Your income, job history, credit rating and debt-to-income ratio can determine which programs are available to you.

I will offer to arrange a pre-approval meeting with an experienced mortgage consultant if you'd like assistance getting started.

SEARCHING FOR A HOME

As we begin our search, we'll utilize a variety of resources to find the home that best suits your needs.

We'll compile a list of homes you'd like to tour based on needs, wants, and any other specific criteria outlined in our consultation.

We'll tour the homes, comparing and contrasting what you liked and didn't. We're looking to find the "best home" for your needs. By taking the time to think about what you really need in a home - shopping for the right home is made a lot more simple.

DEVELOP A PRICING STRATEGY

I'll analyze values of properties comparable to the home you'd like to purchase.

I'll also gather background information on the desired property such as - how long it has been on the market, pricing changes, or if it has gone through a previous listing period.

Using this information, I can assist you in determining a realistic, yet attractive offer price to entice the sellers.

LOCATION
MARKET
AGE
CONDITION IMPROVEMENTS

WRITING & NEGOTIATING AN OFFER

WRITING AN OFFER:

FACTORS TO CONSIDER

• Purchase price
• Included & excluded items
• Deposit
• Financing method
• Possession
• Seller disclosures
• Inspection deadline
• Financing condition
• Home warranty
• Due diligence deadline
• Finance & appraising deadline
• Closing deadline
• Response to offer deadline

PRESENTING AND NEGOTIATING

I know that having a handle on your wants, needs, and expectations early on, ensures we're always working towards the same goal, together. We'll sit down and get it all out on paper, and at the same time, see how we mesh as client/agent.

As a buyer, you will be in a better negotiating position if:

1- You are not selling a home at the same time.

2- You have been pre-approved for a mortgage.

3-  Your offer isn't loaded with other contingencies.

MANAGING THE TRANSACTION THROUGH CLOSING

THE INSPECTION PROCESS

Once our offer is accepted and the transaction is officially in contract, the condition period begins. A home inspection is an all-encompassing examination of the condition of the home, and is an instrumental step of the process.

APPRAISAL

An appraisal is an estimate of the value of a property made by a qualified professional. Although the primary goal is to justify the lender's investment, the appraisal can also protect you from overypaying.

Your lender will typically hire the appraiser and charge you a fee for the service at the closing.

CLEARING THE TITLE

Title is the right to own, possess, use, control and dispose of property. When purchasing a home, you are actually buying the seller's title to the home.

Before the closing, a title search will be conducted for any problems that might prevent you from a clear title to the home.

You will also want to determine how you wish to hold title to the property - especially if you're buying with a spouse, a partner, family member, or colleague.

FINAL WALKTHROUGH

Together, we'll complete a final walkthrough to confirm the condition of the home 24-48 hrs prior to closing. We'll ensure any necessary repairs have been completed and the home is in the same condition you expected it to be.

Closing

THE FINAL STEP

Closing is the legal transfer of ownership of the home from seller to buyer.

At the closing session with your Lawyer you'll go over the following typical items

• Mortgage instructions
• Title insurance
• Taxes
• Title transfer paperwork
• Review of the RPR (Real Property Report)
• Final deposit amounts received by Lawyer

Your real estate lawyer will coordinate the signing of documents and disbursement of funds, and you'll be given the keys to your new home!