Category: Buyers

1. How much do you have to spend? Narrowing your focus to fall within the budget you have available will help your realtor to hone in on the properties that can work for you. You should take into account that there are a number of additional expenses when you purchase a home and your budgetRead more

In order to protect yourself it is extremely important that you arrange for a professional evaluation of the property you are interested in buying. The home inspector’s role is to inform you on the condition of the property you are thinking of purchasing. He will tell you if something is not functioning properly, needs toRead more

Engage an insurance broker to help you with your insurance needs. Because your property is their security for your loan, lenders insist on Property Insurance. Property Insurance covers the replacement cost of your home, so premiums may vary depending on its value. Mortgage Life Insurance provides coverage for your family should you die before yourRead more

A lawyer will protect your legal interests by ensuring that the property you are buying does not have any building or statutory liens, charges, work or clean-up orders associated with it. All contracts, especially the Purchase Agreement should be reviewed by a lawyer before you sign them to ensure that everything is in order. TheRead more

It is a good idea to work with a professional mortgage broker and pre-qualify for a mortgage before you start looking for a property. A pre-approved mortgage puts you in a stronger position as a buyer. A mortgage broker will shop around and find you a lender with the terms and rates that are bestRead more

Unless you have an unlimited budget you will probably find that you need to make some compromises on location, layout, presentation, amenities and upgrades. Your objective is to find the home that provides the best overall value within your budget. Understanding your priorities will help you determine which trade-offs you can live with to achieveRead more

Understand The Total Cost Of Buying It is important to know all the costs involved in buying your new home up front. Together with the mortgage broker you choose to work with, I can advise you on the costs of securing a mortgage, land transfer taxes, etc. Your lawyer can give you a detailed breakdownRead more