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 NAVIGATING THE MANY PROCEDURES OF HOW TO BUY A HOUSE CAN BE EXTREMELY 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 essencial step will establish
the right price range of home to purchase that also meets 
the right monthly payment.
 
The process mainly involves a credit application, providing
proof of employment & income and 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 offerd 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 asside 1.5% - 2.5% of the total
purchase price for closing costs.
 
 
 

 

FIND THE RIGHT AGENT  |  Buying or selling a home
with me is an important partnership. I will be there to walk
you through every step of the way and skilfully negotiate 
on your behalf to ensure you 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 offers between you and
the seller before coming to a final 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 recommend
you hire a professional home inspector to survey the property
and detect potential problems with the home, both current and
future. This can save you a lot of money and headaches down
the road and most banks even require an inspection before loan
approval. Any issues found 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.
 
Congradulations, you're ready to move in and make it your own!

 

 


 

Contact me today, learn more about how I run my buisiness 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