|
And/or read about the steps below ....
1. Your Wish List: Two Options: You may choose to work with a Buyer Agent immediately (a good idea) or proceed, at least initially, on your own: In either case, you do not want to waste your time looking at properties that are not in your price range or homes that don't meet your needs. Do you want to get an quick idea of the home prices in the GTA by area? Look at my "What's Hot - What's Not" Report. A. Work-as-a-Team Together We can best do this step in an informal first meeting. You can contact me by email or phone me at 416-494-7653 to make an appointment. My consultation services are free to Home Buyers, whether you buy or not. B. Do-it-Yourself  You can start looking for homes on your own by using my HomeFinder Program that guides you through a checklist of features and locations you are interested in within a price range you are comfortable with. Print a Handy Checklist. You will then begin to receive MLS listings by email that match your needs. And all the information about the home will be there without having to contact a realtor, unlike when you use the abridged public version of MLS, namely; MLS.ca
2. Pre-Qualified for Mortgage
 A. How much you can afford? This is best determined by consulting, at no cost or obligation, a financial institution or a mortgage specialist and establishing what monthly payments and terms you will be comfortable with.
I recommend a Mortgage Specialist (Broker) to get the best terms and rates. We can meet to discuss these important choices or you can do this yourself. "How Much Can You Afford/Mortgage Calculator" will give you a good idea of what you can afford in house prices depending on important variables like your Income, Downpayment, Interest Rates, Taxes, Current Debts and other choices B. "Locking-in" Your Interest Rate. The sooner you do this the better. By meeting with your lender early he can "lock-in" an interest rate for you that will not go up even if interest rates increase. If the rates go down, you get these lower rates. This service costs you nothing, protects you and does not obligate you in any way. Usually, you can "lock-in" for 90-120 days for resales. New home or condo lock-in periods cann be longer (1-2 years). Fact: Every 1% interest rate difference on a new $100,000 mortgage means a difference of about $55 per month in mortgage payments. 3. Choosing Your Buyer Agent  What can I say? Pick me! Please see my Home Page - Why Choose Dennis? and My  Credentials and What Clients Say About Me. and My Cancel Anytime Policy and My No Fees Guarantee It is important for you to understand your relationship with your Buyer Agent. 4. Showings I will book and escort you to showings of properties you want to see. Here's something different: If you ask, I will give you my HONEST view of the home as I see it meeting YOUR needs, being of sound construction and what I believe it is worth. This will sometimes be different then what you may have thought. My old boss used to say: "if you always agree with me then you are not adding value." 5. Smart Offers I will prepare a Comparative Market Analysis for the house you choose. This will guide you in making a smart, well-informed offer and knowing you are getting good value for your money. See Sample Report 6. Negotiating The Price/Offer This is the stage in the process where I can save my clients a good deal of money. It is not uncommon for good negotiators to save thousands of dollars, roughly 1-2% or more of the transaction price in many cases, and also ensure all the protective clauses are included, i.e.; offer subject to property inspection, securing financing, land survey, etc. I take great pride in being a strong and effective negotiator on behalf of our clients. 6. Firming Up - Satisfying the Conditions (protective clauses) I will work on your behalf to make sure all the clauses or conditions are satisfied so that the offer becomes a binding (firm) agreement. Some of these conditions require you to take action, e.g.; finalize the mortgage, engage a lawyer, etc. Other conditions will require the Seller to do certain things, e.g.; provide a current land survey, clean sweep the house, etc. As your agent, I will make sure that these items are done correctly and on time by both sides. 7. Closing Day Long before this day arrives, I will have advised you of all those "extras" that you will need to pay on closing day - called “adjustments and legal fees“. These fees can be an added 1-2% of the sales price and include such items as "Land Transfer Tax, Property Tax. Some adjustments are paid to you by the seller, like Pre-Paid Rent, if there is an existing tenant. See a chart of "Typical Closing Costs" in My Buyer Reports 8. Moving Day I provide Moving Day Checklist and Tips for planning and “surviving” this big day. Simple tips include an often forgotten step of changing all the locks and the security codes and garage door opener codes. On-Going Relationship and Referrals When I have done my job well (and rest assured , I will), we should all be pretty happy with our success and  hopefully have become friends. My intention is to keep you as a "client for life" and make it easy for you to recommend me to your family, friends and relatives - without reservation. My motto is a pledge that I really believe in: Taking Care of You ...One Step at a Time Let me prove this to you by letting me personally take you through your steps in buying your new HOME! Contact me at 416-494-7653
or e-mail me Return to Home Page |