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10 Steps to Buying a Home

ashley nielsen real estate vanocuver bc canada 10 steps to buying a home

By: Daniel Patching - The Vancouver Mortgage Broker

1 Determine how much you can afford.

Based on your down payment, income, existing debt, regular expenditures, and other key financial information, we can help you determine how much you can afford to pay every month and the price range that works within your budget.

2 Team up with a real estate agent.

Finding a real estate agent to help you search for your dream home is important to the home buying process. The best real estate agent will be a combination of a personal advisor, consultant, and negotiator. This expert will show you homes that match your criteria, guide you through the home buying process, and negotiate the best possible price for your home.

3 Make an offer.

When you’ve found a place that you’d like to call your own, your real estate agent will help you draw up an Offer to Purchase to present to the seller. This legal document specifies the price, the closing date, and any conditions.

4 Retain a lawyer.

It’s important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and you may want a lawyer to look over any offer to purchase before you submit.

5 Arrange the home inspection.

Many buyers consider including a home inspection as one of the conditions on their Offer to Purchase. A professional inspection is a good way to uncover major problems with the home. If the home doesn’t pass the inspection, you can adjust or withdraw your conditional offer.

6 Get the mortgage approved.

With a copy of the signed Offer to Purchase and the necessary financial information, we’ll submit your application to the mortgage lender that we have selected. The lender will qualify the application and complete a valuation on the property you have purchased. Mortgage insurance gives you the ability to buy a home with a down payment of less than 20% of the purchase price.

7 Get property insurance.

Apart from the mortgage, you’ll need to purchase property insurance that protects your home against fire and other damages. Once you have a policy in place, forward a copy to your lawyer.

8 Check the legal details.

With the deal finalized and the financing in place, your lawyer can now search the title and check whether there are any unpaid property taxes outstanding. Your lawyer will arrange for a survey to be completed, if necessary.

9 Complete the paperwork.

A few days before the deal is set to close, you’ll meet with your lawyer to review, sign, and get copies of all the documentation. At this time, you’ll also provide the remainder of your down payment and pay legal fees and any additional costs, such as prepaid utility expenses for which the seller should be reimbursed, that are due on closing.

10 Pick up the keys.

On the closing day, your lawyer and the seller’s lawyer will exchange documents and cheques. Your lawyer will also register your new home in your name. When these tasks are complete, you’ll get the deed and your keys to your new home, and you can move in.

To view Daniel's Website: Click Here

10 Steps to Buying a Home Ashley Nielsen - Prudential Realty - Vancouver Real Estate -

1確定你能負擔得起多少。

你的首付款,收入,現有債務,一般性支出,和其他主要財務信息的基礎上,我們可以幫你多少,你可以付得起每個月的價格範圍內,在您的預算範圍內。

2隊的一名房地產經紀人。

尋找房地產經紀人幫助您尋找您的夢想家園,家買的過程是非常重要的。最好的房地產經紀人的私人顧問,顧問,談判將是一個組合。這位專家會告訴你家符合條件的,指導您完成整個購房過程中,談判最優惠的價格為您的家庭。

3您的報價。

當你找到一個地方,你想打電話給你自己,你的房地產經紀人會幫助你制定的收購要約,以向賣方。法律文書規定的價格,截止日期,以及任何條件。

4聘請律師。

重要的是要聘請律師,專門從事房地產。你會發現自己的家,你要在競購戰中,你可能需要一個律師過目,然後再提交任何購買要約。

5安排上門檢查。

許多買家考慮其收購要約的條件之一,包括家庭訪視。專業檢查發現的主要問題與家庭是一個很好的方式。如果家中沒有通過檢查,可以調整或撤銷您的有條件錄取通知書。

6取得批准的抵押貸款。

簽署的收購要約和必要的財務信息的副本,我們會提交您的應用程序的抵押貸款,我們選擇了。貸款人將有資格申請並填寫您所購買的物業的估值。按揭保險,讓你的能力買房子的首付低於20%的購買價格。

7獲取財產保險。

除了抵押貸款,你需要購買財產險,火險及其他損害,保護您的家。一旦你有一個政策,提出了複製到你的律師。

8檢查法律細節。

與交易落實,融資到位,你的律師可以搜索標題,並檢查是否有任何未支付的物業稅出色的。你的律師會安排一個調查來完成的,如果必要的話。

9完成文書工作。

前幾天,在交易關閉,你會遇到與你的律師審查,簽署,並獲得所有文件的副本。在這個時候,你也將提供其餘的你的首付款,並支付法律費用及任何額外費用,如預付的公用事業費用,賣方應予以償還,這是由於收盤。

10拿起鑰匙。

在閉幕當天,你的律師和賣方的律師將交換文件和檢查。你的律師也將註冊您的新家裡,你的名字。完成這些任務完成後,你會得到的契稅和你的鑰匙到你的新家,你可以搬進去。

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