Looking to buy a home?
Let me help you find the exactly what you are looking for:
My role is to protect you throughout the purchase transaction. Here’s what you need to know before you buy a home.
Good to know: When I represent the buyer, my fee is collected by the selling broker. So, you do not have to pay me a retainer.
Before you buy
- Before you begin the search for your new property, it is recommended that you establish a realistic budget that takes into account your lifestyle, goals and down payment. This way, your search will be more effective.
- It is also recommended that you get a mortgage pre-approval. This pre-approval has the advantage of allowing you to know the maximum value of the property you can consider. In addition, it guarantees you a mortgage rate before you purchase your property. Finally, it demonstrates your seriousness as a buyer when you make a promise to purchase.
- When searching for properties, I provide you with the description sheet of each property. This contains a detailed description of the property in its current condition, which will allow you to be aware of all the details that may influence your decision. In addition, I will advise you of any information found in the Seller’s Disclosure Statement on the property that is likely to impact the value of the coveted property.
Promise to Purchase
- Once you have found your property, a promise to purchase will be written by the broker. It is important that all the clauses are explained to you so that you understand the contents, as once signed by the 2 parties, the promise to purchase becomes a contract.
- When the Promise to Purchase has been delivered to the seller’s broker, the broker will discuss it with their client, who will have the option to accept it, reject it, or make a counterproposal.
- The inspection of your property is highly recommended, your broker has an obligation to recommend it. The inspector must meet the following requirements:
- Hold professional liability insurance between against all faults, errors and omissions;
- Use a recognized service agreement;
- Perform inspections in accordance with a recognized standard of practice;
- Submit a written report.
Signing the bill of sale
- Once the promise to purchase or counterproposal has been accepted, you will need to ensure that all conditions are met, such as inspection, receipt of any requested documentation related to the property and mortgage financing.
- Finally you will proceed with the signing of the deed of sale and the deed of loan in front of the notary in order to move into your new property.
- It is important to plan for the following expenses before signing the deed of sale:
- Notary fees;
- Municipal and school tax apportionments (refund calculation based on occupancy date);
- Home insurance;
- Moving expenses;
- Real estate transfer tax (welcome tax).