Your search for a new home is made a lot easier and smoother if you have first visited your bank and have been preapproved for a mortgage. By knowing how much you can afford, allows you and your real estate agent to focus on those properties on the market. As your personal realtor I can help you understand the financing side and arrange for a mortgage specialist to work with you.
Finding A Home:
It is never easy finding the right home. That’s where I come in. I am committed to giving you my undivided attention. I will search the entire market for homes that meet you requirements in terms of amenities and proximity to work and school and within your price range. We will view as many homes as we have to until we find the right home for you. Afterall, this is the single biggest investment you will probably ever make.
Once you have decided on the home you like, I will work with you to present the initial offer referred to by realtors as the “Purchase Sale and Agreement”. I present that to the other agent (if there is one). Sometimes it’s accepted; other times the seller will make a counter offer, it’s not always price that’s the issues many times it’s the terms of the agreement negotiated as well. Once you and the seller have agreed on the price and conditions. You place a deposit in trust with the listing brokerage to secure your agreement. The offer you made might be based on a home inspection, which I usually recommend. I work closes with a few home inspectors which I can recommend and arrange an inspection time for you.
The next step is for your lawyer and the seller’s lawyer to begin the necessary legal work to convey the property from the seller to you. Your bank advances the funds to your lawyer; he completes all the necessary work pays any outstanding bills i.e. legal/real estate fees etc and then sends the money to the seller’s lawyer. At that point you are now the proud owners of your home. I can also help you through the legal requirements and recommend to you a lawyer whom I have worked with in the past.
You will want to ensure you have made contact with Newfoundland Power to put the electric service in your name, you will also need to make arrangements with the cable company, phone company, an oil company (if there’s a furnace) and propane company ( if you have a propane fireplace).
It is critical that you have made arrangements with your insurance company to have your new home fully insured on the day you take possession.
Canada Post will forward your mail to your new address for a period of 6 months for a nominal fee. This gives you ample time to make contact with businesses, banks, schools and work to provide them with your new address.