Your Royal LePage REALTOR® can guide you through the complexities of finding and purchasing your home.

The following is a brief overview of the steps you should expect:

1) Finding Your Home
2) Viewing Properties
3) The Offer
4) Typical Costs
5) Closing
 

Finding Your Home:

• Your REALTOR® will discuss your needs and requirements with you, including considering desired location, amenities, schools as well as;
• helping you to determine what price range is affordable to you.
• We will discuss the local real estate market and what is available in the marketplace.

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Viewing Properties:

• We will set up appointments for viewings and provide detailed information about the property to you, prior to viewing.
• The property will be shown to you at a comfortable pace - allowing you the time you need to make an informed decision.

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The Offer:

When you are ready to make an offer on a home, you will need to decide:

• What price you want to pay for the home. What dates you want to specify for subject conditions and completing. What conditions need to be met. How long your offer will be open. What items will be included in the sale.
• Deposit amount and terms.

The Seller will decide if they want to accept the offer, reject it or make a counter offer. Once the offer is accepted and all conditions are met, then the contract becomes firm and binding.

Conditions in the offer may include:

• Subject to arranging financing.
• Subject to approval for fire/property insurance.
• Subject to a building inspection.
• Subject to approving the Seller's Property Disclosure Statement.

We can advise you as to which conditions would pertain to the property you have chosen. We will work through the steps with you and keep you informed.

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Typical Costs for a Buyer:

• Lawyer or Notary fees and expenses
• Property Survey Certificate (if required)
• Costs of Mortgage
• Appraisal (if applicable)
• Home inspection costs
• Property Transfer Tax
• Goods and Services Tax (if applicable)
• Home and Property Insurance
• Connection charges for utilities
• Moving expenses

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Closing:

In order for the transaction to complete:

• The lawyers representing both parties will arrange for the title to be transferred and registered at the Land Title Office.
• Your mortgage funds will be transferred to your lawyer's account and then to the Seller.
• A statement of Adjustments will be provided to you by your lawyer. This statement will show adjustments for prepaid or unpaid taxes, interest adjustments and any other additional expenses.

After all of this transpires and your possession date finally arrives, your REALTOR® will hand over your house keys. Congratulations!!!

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