Buying

Let me help you every step of the way. When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.

While at your side each step of the way, I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.

I am always familiar with the current homes on the market, and I know neighborhood values well, so I can help you determine which properties are fairly-priced and in good condition before you start your search.

7 Steps to Purchasing

1. Meet to discuss your wish list, your preferred neighbourhoods and the current market values in each.
    
2. Get pre-approved for a rate guarantee. Determine what price range suits your current financial status.
    
3. Start the search by selecting the properties that fit you financially and satisfies your wish list.
    
4. When you have found a property, we will prepare an offer and I will negotiate on your behalf.
    
5. Once we have an accepted offer you will have the opportunity to conduct home inspections and/or appraisals.
    
6. When you are satisfied with the documents and inspection/appraisal you will remove the subjects.
    
7. Meet with lawyers to prepare for closing and get ready for your move in date.

Buyers Costs

• Down Payment (minimum of 5% for high ratio)
   
• 1% - 3% of mortgage amount required for high ratio mortgages
   
• Home Inspections can range between $500 - $1500 depending on the size of the property
   
• Legal Fees typically costs between $900 - $1200 and includes the usual disbursements
   
• Adjustments on closing will include pre-paid taxes, maintenance fees (multi-family properties)
   
• Move in fees vary for multi-family
   
• Property Transfer Tax at a rate of 1% on the first $200,000 and 2% on remainder. You may qualify for a first time buyers’ exemption. Full exemption for properties with a purchase price of $425,00 and proportionate exemption for properties between $425,000 and $450,000
   
• GST 5% and transitional tax 2% (from April 2013 to April 2015) on all new homes
   
• Moving costs will vary depending on the distance and extent of the move