You will be spending a lot of time with your real estate agent, so ensuring you feel comfortable with him/her will help make the process fun, even in stressful times.
Your real estate agent will be able to help you find a reputable Mortgage Broker or provide you advice on what to ask your bank to get pre-approved for a mortgage. It is always a good idea to get pre-approved for a mortgage BEFORE you start looking at homes, so you know how much you can afford.
A buyer’s agreement is a contract protecting you and your real estate agent during your home buying process. It is recommended that you sign a buyer’s agreement with your real estate agent after a few home showings.
When you find a home you love now is the time to put in an offer. Your agent will walk you through the legal contract and advise you of what you should or shouldn’t include to help your offer stand out.
Congratulations, your offer has been accepted! Once your offer has been accepted you will have to provide the seller’s representative with the deposit you agreed upon within 24 hours. You will also have to inform your Mortgage Broker and have your real estate agent send over the necessary paperwork.
Within the months/days leading up to your closing date you will need to ensure all paperwork is complete. You will meet with your lawyer and Mortgage Broker to ensure all necessary items are finalized.
On closing day you will meet at your lawyer’s office to sign the final paperwork and provide them with your down payment and other closing costs. They will then provide you with the keys to your new home!
Before you start to move everything in you should go around your new home and check to ensure all appliances and lights are in working order and that the seller has not left anything behind.
