|
|
|
|
-
Fully
explain agency relationships
-
Educate
you in the buying process and the market trends in the location
you choose to live
-
Arrange
to financially pre-qualify you with a financial institution
that will offer you the best mortgage rate with terms that
fit your needs
-
Arrange
for and show you properties that meet your needs and finances
-
Do
a market analysis on the subject property and assist you in
offer pricing strategy
-
Explain
the importance of home inspections and Status Certificates
-
Prepare
an written offer to purchase the property you choose with
all the terms and conditions reviewed, approved and understood
by you
-
Provide
a preliminary estimate of closing costs * See Closing
Costs
-
We
always negotiate and protect your best interests
-
We
will accompany you during the home inspection and advise you
on the home inspection report
-
Prepare
and deliver appropriate notices
-
Deliver
upon completion, all pertinent paperwork to the Vendor's agent,
you and your lawyer
top of
page
.............................................................................................................................................
What You Need to
Do Make a List
of all your Needs and Wants
By prioritizing
all your needs and wants will help you narrow down what is
important to you and in what order. By communicating these
criteria for choosing your home will save valuable time and
help us find you a home.
top of
page
.............................................................................................................................................
Our
Commitment To You
-
You will never feel pressured. We want to find you a home
that you will enjoy and pay a fair price for - We will search
until we find that home.
-
You
will be educated and knowledgeable about the market place
during the buying process through my buyer package
-
We
will provide excellent customer service using the most up
to date technology
-
We
will provide full disclosure about the properties we see
-
All
our communications are confidential
top of
page
.............................................................................................................................................
Preparing For
Closing Costs
A one
time only tax payable to the Government. It is based on the
cost of your home. First time buyers get a rebate if they
buy a new property from a developer.
Formula
For Land Transfer Tax
If your Purchase Price Is:
-
Under $55,000 then multiply by .005
-
$55,000-$250,000
then multiply by .01 and subtract $275
-
Over
$250,000 then multiply by .015 and subtract $1525
-
Over
$400,000 then multiply by .02 and subtract $3525
-
Home
Inspector ($300- $450 - Home Buyers Only)
A
recommended procedure for any one buying a home. The home
inspector should be insured and must give written guarantees
for the service provided
-
Moving
Costs (Cost Varies)
Professional
moving services can help minimize the trauma of your move,
but is a costly service. If you have a choice on your moving
day, choose one that is early in the month, and non-weekend
when rates are cheaper.
If
you are moving into a condo don't forget to book the elevator
and you may be expected to pay a refundable deposit for
any damage when moving in.
There
are also cable and phone hook ups that cost money.
Don't
forget to change the utilities into your name
-
CMHC
Fees (Applicable Only To Those With < 25 % Down)
The
following charges can be paid upon closing, but most buyers
add it to their mortgage (ie if you borrow $100,000 the
CMHC cost is $3750 at 5% down or now your mortgage is $103,750)
5% Down - 3.75% of Mortgage
10% Down - 2.50% of Mortgage
15% Down - 2.00% of Mortgage
20% Down - 1.25% of Mortgage
For New Developments there are also other costs
-
G.S.T.
(7% of Purchase Price)
Only
for new homes / condos bought from the developer. This tax
is not for Resale Homes
-
Special
Levies On New Homes (Cost Varies)
Make
sure you consult a lawyer to go over all the fine print
in your Agreement to Purchase before buying. There are many
developers levies included in the document such as educational
and construction levies.
-
Interim
Occupancy Fees (Cost Varies- Condos Only)
Between
the time you are able to move into your new condo and the
time it is registered as a condominium corporation, all
buyers must pay an interim occupancy fee. This fee varies
and is stated in your agreement how much payment is due.
You are paying interest on the builder's mortgage- almost
like rent. None of this money paid will go toward the mortgage
of your new condo. Your mortgage only starts when the condo
gets registered which could take anywhere for 3 months to
2 years after your initial move in date.
-
Contingency Costs (Cost Varies)
If
your home is not built on time, then other arrangements
must be made in the meantime. New homes and condos are rarely
built on time, so be prepared!
|
|
|
|
|
