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How to Start
to buy a Property:
You should visit and see as much as possible "home for sale" before you
choosing one,You should ask for as much information as possible when buying
a new home.
The process of buying a home or investment generally starts with determining
your buying power,that is your financial reserves plus your borrowing
capacity with some basic information about your available savings, income
and current debt. I can help to refer you to lenders best qualified to
help you with Mortgage.
Finding the best Property:
Once you know how much you can and want to invest, the next step is to
find the properties that best suit your needs. I have many resources to
assist you. Sometimes the property you are seeking is available but not
actively advertised on the market, I can do a thorough investigation and
share this exclusive information with you, their client. It doesn't matter
if the property is listed with our company or another company, I can provide
you with detailed information on properties available and even past solds.
Selecting:
Your job is to make the final selection of the right property for you.
This is when excitement and emotions run high. I can assist you in the
selection process by providing objective information about each property.
I can provide you with local community information on utilities, zoning,
schools, etc. There are two things you'll want to know. First, will the
property provide the environment I want for a home or investment? Second,
will the property have resale value when I am ready to sell?
Agreenent of Purchase and
Sale (Offer)
After you selecting the property you must ask your Realtor to praper an
offer (Agreement of purchas and sale), this offer has all necessary conditions
and clauses to protect you as a buyer, Your Profissional Realtor has the
enogh experince to praper the offer in the best way with resonable price.
An offer might has more than one conditon but Aproval Financing and Home
inspection within certain of time usually 5 business days are one of these
main condtions on the offer.
Negotiating:
There are too many
of negotiating factors your profissional Real Estate Representative will
conceder , including, but not limited to price, financing, terms, date
of possession and often the inclusion or exclusion of repairs and furnishings
or equipment. The purchase agreement should also provide a period of time
for you to complete appropriate inspections of the property before you
are bound.
Financing
As soon as you are reasonably sure the property is right for you, the
process of obtaining financing begins.
I can help you in understanding different Mortgage options and in identifying
qualified lenders who ready to provide you the mortgage with best rate
.
Closing Date
The
date where all conditions meet based to the Agreement of Purchase and
sale, Your lawyer will do most of the job, including the title search,
recieving Your mortgage from the bank and paying the remaing balance of
the purchse to the seller.
What is the expenses?
Here is your expenses
up to closing date:
5% of the purchase price as a down payment,
Lawyer fee approximately $1300,
Land Transfer Tax (it depend to the purchase Price)Calculate
Your land Transfer Tax,Insurance,Home
inspection fees.
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