Meet with your favourite Mortgage Specialist or Broker and fill out an application. Be sure to bring with you income verification, employment letter and confirmation of down payment. Be sure ask exactly what the lender requires for a Pre Approval, once approved, ask for a Pre Approval Letter.
I will email you listings within the areas and parameters that we have set out prior to viewing. You will make a list of all the properties that fit your criteria and I will make all of the appointments to view the homes.
Make sure that the home you want to write an offer on has met most if not ALL of your criteria. Do NOT settle for a house you do not love!
If the offer is accepted it is usually with a couple of conditions attached, the 3 most common are Financing, Home Inspection and (or) Condo Document Inspection. We usually ask for 7-10 days to remove our conditions, at this point it is up to me to get your offer to your banker for final approval, to line up the property inspection and to get all of the condo docs together and off for inspection.
If your Financing has been approved by the bank, the property inspection doesn’t reveal any major problems with the home and the condo docs show that the condo corporation is in good standing, and you are comfortable with the purchase you are about to make, then we will waive conditions.
All documents will be sent to your lawyer’s office 7-10 business days before possession day on your new home. It is up to you to make sure that you have an appointment with the lawyer to sign all the required paperwork. Make sure you bring a check or your credit card as the lawyer will want payment for the work they have done.
We will make arrangements to meet at your new home to do a walk through and for me to drop of your new keys. We will only do this once we have the go ahead from the seller’s lawyer that all monies have been received and that the keys are releasable. CONGRATUALTIONS!