Buying process includes a few steps that you would need to follow and I will help you with the process:
- Pre-Qualification – Helps to determine what you can afford before setting out to look for properties. If necessary, I will help you arrange for pre-approved financing, with various financial institutions.
- Buyer Agency Agreement – Explains the importance and benefits of working with only one experienced full-time and dedicated real estate agent.
- Market Update – Keeping you abreast of what is happening in the current market situation.
- Offer Presentation – Assist you with the process on how best to get your agreement of purchase and sale presented to the vendor.
- Home Inspection – Educate you on the importance of getting a licensed and reputable home inspector who will conduct a detailed inspection of you home that you purchased.
- Closing – I will assist you with details involving closing the sale (i.e. lawyers, movers, cleaners etc.).
Closing Costs
- Legal Fees – Approximately $1000 + disbursements. Check with a Real Estate Lawyer.
- Land Transfer Tax (LTT)
- Title Insurance – Most lawyers will accept Title Insurance in lieu of the actual survey. Title Insurance cost is about $600-$800
- Adjustments – Money owed due to pre-payment of taxes, hydro etc.
- Financing – Arranging for a mortgage. Usually, an appraisal fee of about $200 + an administration fee of about $200-$300. Some institutions may waive fees. Depending on the situation an up-to-date survey may also be necessary.
- Surveys – If no up-to-date survey is available, a new one will cost approximately $1000. Fees vary for larger properties.
- Movers – Will vary depending on the type of movers you choose.
