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 NAVIGATING YOUR WAY THROUGH THE HOME BUYING PROCESS CAN BE CHALLENGING

 

IT DOESN'T HAVE TO BE

 

 

 

PRE-APPROVAL  |  Getting pre-approved may be one
of the most important things to do before beginning your
search for a new home. This essential step will establish
the right price range of home that meets the right monthly
payment for you.
 
The process mainly involves a credit application, and
providing proof of employment and income. Many
institutions now offer the application online.


 

 

DOWN PAYMENT & CLOSING COSTS  |  Any down
payment between 5% and 19% is considered a high ratio
mortgage and must be insured to protect the lender in the
event of buyer default. Insurance is offered through CMHC
or Genworth Financial and typically ranges from 1% -
3.25% of the pricipal. In addition to the down payment,
you should also set aside 1.5% - 2.5% of the total
purchase price for closing costs.
 
 
 

 

FIND THE RIGHT REALTOR®  |  Buying or selling a home
is an important partnership. I will be there to walk you through
every step and skillfully negotiate on your behalf to ensure the
best possible value. My promise to provide you with valuable
market knowledge and the most effective marketing approach
is backed by the Coldwell Banker® Ultimate Service Garuantee®

 

 

        

 

 


 

HOUSE HUNTING  |  Now it's time to go out and find
that perfect place to call home. Together we'll identify a
list of available properties matching your specific criteria. 
We'll take the time to review all features and benefits of
both the home and the neighbourhood, then schedule
home tours. Once we've zeroed in on the right home for
you, it's time to make an offer.
 

 

OFFERS & NEGOTIATION  |  After all the hard work you
put into finding your ideal home, you’ll want to act quickly.
In a market where several buyers may be competing for the
same property, it’s important to have me working for your
best interests and make intelligent offers fast (another good
reason why it's important to be pre-approved early).
 
There may be some back-and-forth between you and
the seller before coming to a final price & agreement.
Negotiations cover details such as selling price, closing 
costs, mortgage arrangements and what items in the
home, such as window treatments or appliances, are
and are not included.
 

INSPECTION & CONDITIONS  |  It is highly recommended
that you hire a professional home inspector to survey the property
and detect potential problems, both current and future. This can
save you a lot of money and headaches down the road and most
banks require an inspection before loan approval. Any issues
needing to be repaired or replaced will have to be negotiated.
 
Getting a morgage approval is part of the agreement conditions
that must be met in order to close the deal. Once the bank has
approved the loan, and all other conditions have been met, we
can notify the seller to move forward with final closing.

 


 

 

 

CLOSE & MOVE IN  |  On the closing day, your lawyer will combine your down payment with your initial deposit, request the mortgage funds from your lender, then pay the seller in exchange for the keys and land title to the property.
 
Congratulations, you're ready to move in and make it your own!

 

 


 

Contact me today, learn more about how I run my business and find out if we're a good fit.

 

 

 

JASON ANGLE, 
SALES REPRESENTATIVE
 
DIRECT  |  613-316-3081
FAX        |  613-728-0548
 
         

 

 

 
 
 
COLDWELL BANKER 
FIRST OTTAWA REALTY, 
BROKERAGE
 
1749 WOODWARD DRIVE,
OTTAWA, ON   K2C 0P9

OFFICE  |  613-728-2664