BUYING A HOME
Buying a home is more of a process of elimination than selection to find the right one.
We eliminate the wrong homes based on location, size and price then eliminate the rest after physically looking at them until we are down to 3 or 4 homes that might work for you.
Its a process of elimination first then you choose the best choice. Don't worry this happens quickly.
A buyer consultation is always the best route to start. This one on one consultation is very relaxed and
will help us both in your search. We typically like to do these over a coffee at a shop of your choice but
can also meet you at our Coldwell Banker office.
Our process is here:
When you are ready to buy your home, there are steps to follow in order to make a wise decision. Each step is important for many reasons. First is so you do not set your expectations to high. Secondly is time, we do not want to waste your time looking at the wrong homes as we may lose the right one.
Below are the steps we should be following and as we go through them we will remind
you where we are in the process and make sure all is going smoothly
Contact mortgage broker – Whether you go with your bank or a mortgage broker for your mortgage they should be your first call. .
Sit and look at the computer – We can and will set you up to receive all applicable possibilities that might serve you best.
Eliminate houses based on price, size, bedrooms and area – We should be able to eliminate a lot of houses and focus on a small group to view based on what we learn from looking on the computer and talking.
Set up appointments to view the different homes – Once we narrow down to what you like, we go out and view a bunch. I recommend viewing about 6-8 to start.
View houses close to what we are looking for – After we narrow down your search we should be able to find something close to what you want.
Write an offer to purchase – When we find the right house we write an offer to purchase. This is a document that all realtors in Alberta use and is enforced and governed by the laws of Alberta. I will explain what every section means as we write it up.
Negotiate a fair price – This is where a realtor really helps. When we write an offer to purchase it is my job to show you comparable sales in the area so we can make an educated and fair offer on the home. The one downside of our market is that it is forever changing and some houses are overpriced, it is our job to find a fairly priced home and my job to negotiate the best possible price for you and not over pay.
Meet conditions (financing, inspection or condominium documents) – When we have an agreement in place on a price we will have to do a few things before the house is yours. First your mortgage broker will need the paperwork to get your final approval on your mortgage. Next we will need to do an inspection, if you want to, to make sure there are no defects in the property that would cost a great amount to fix. If the property is a condominium then you will have a chance to go over and approve of the documents.
Possession Day – The day you cannot wait for. On possession day your lawyer will have your mortgage money transferred to the sellers’ lawyer. When the money transfer happens we will get the keys for the house. We will then meet at the house and do a walk through to make sure the house is in the same condition as when we wrote the offer.