Buyer’s Guide

Buying your home is a huge financial decision. Randy and Tracy would like to put their innovative real estate system to work for you and have you become one of hundreds of satisfied clients.

We promise to provide all of the services outlined and more in order to get you the home of your dreams, for the least amount of money and the least stress.

Your First Step:

Mortgage Qualification

To get pre-approved with a mortgage company, this can be done by the phone or even online in a matter of minutes. This amount is (a minimum) 5% of the purchase price of a home.

Call me and i will refer you to a mortgage professional that has an excellent reputation.

I will review the process of buying and walk you through every step of the way to make sure you feel comfortable.

Once you’ve been pre-approved and know the price range that you can afford up to, I can help you determine which properties fit your needs.

The pre-approval is a very important step in the buying process for many reasons. We have outlined a few of the most important reasons for your review:

  • The pre-qualifying will guarantee you a certain rate to protect you against rising interest rates and may save you thousands of dollars. If rates were to go down, you would still be entitled to the lower rate.
  • Pre-qualifying will assist you in determining how much you can spend on a home and what your monthly payment will be.
  • The sellers of real estate and their agents will give your offer priority. You strengthen your bargaining position, especially in a multiple offer situation.

Your next step to buying a home is to first ask yourself why you want to buy a house: to stop paying rent? To have a place of your own? To raise a family?

What kind of home are you looking for: condo, townhouse, house, 1,2 or 3 levels, how many bedrooms, how many square feet of a home, etc.

Consider area: neighbourhood (older or sparkling new), schools, other community services such as transportation, day care. How many minutes you are willing to commute to work.

Neighbourhoods have characteristic personalities designed to best suit single people, growing families, two-career couples or retirees. Investigate to determine if the neighbourhood matches your lifestyle and personality.

It is important to scout the neighbourhood in person, drive through the entire area, look carefully at how well other homes in the area are being maintained, are they painted, are yards well cared for, are parker cars in good condition, etc. look for things like access to major highways and shopping. Is the neighbourhood near parks, churches, recreation centres, theatres, restaurants, public transportation, schools, etc?

Determine your needs and wants, analyze to make sure the home meets your key requirements and lifestyle.

Here are some questions you may have for us:

  • How do you help me find my new home?
    We will determine the criteria for your new home based on your needs and wants, then supply you with a detailed list of homes matching your requirements. You will need to choose the houses you’d like to see and we will set up the appointments for us to go look at together.
  • Can I help too?
    Searching online is a great way to browse listings. This will give you a real time market. Driving around the community in which you plan to buy a home will also help you decide which neighbourhoods are most desirable to you. Visit open houses, be sure to let the realtors know you have an agent.Call us with any questions that come to mind.
  • How do i make an offer on a house that i like?
    When you think you’ve found the house for you, we will draft an ‘Offer of Purchase’ contract. As your Realtors, we will then present this offer on your behalf to the Sellers’ Realtor.
  • How do I know how much to offer?
    We will show you comparable properties that are currently listed as well as ones that have recently sold. By looking at the sale prices of of similar homes together, we will be able to come up with a fair market value.
  • What are “Subjects”?
    When you make an Offer on a property, you will make an offer to purchase it ‘subject to’ several conditions. This can give you time to arrange your financing, have a professional inspect the home, etc. Once you have satisfied the conditions, you can “remove your subjects” and consider the purchase of your new home to be “firm sale”.
  • What do I do once all conditions are removed from my purchases?
    You need to decide which lawyer or notary to use for the legal part of your transaction. Be sure to let your Realtor know as soon as possible whose legal services you will be using. If you’re using a moving company, now’s the time to book it in order to ensure the lowest rate possible. Ask us, we have a great reputable company. All that’s left to do now is to start packing!