Buying a Home
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Save for a down payment
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Having enough money saved for a down payment is the first step on the path to homeownership. In Ontario, you are required to have a minimum downpayment of 5% of the first $500,000 and 10% for the portion of the home price above $500,000. For properties valued at $1,000,000 and above, the minimum down payment you must have is 20%.
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Build your credit score
Obtaining a mortgage pre-approval before starting your home search is important. You can lock in a specific interest rate which is usually held for a period of 60-120 days. It will also help provide an estimate on how much you can borrow and determine what your monthly payments may look like. It also gives confidence to the sellers and agents that you are a serious buyer who can show a pre-approval letter. To obtain a pre-approval, you will need to show proof of income, bank statements, proof of employment, a credit check, and potentially further documentation as required by the lender.
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Hire me as your agent
We will be in constant communication as we filter and sort through potential properties. You will receive daily updates notifying you of the latest listings to hit the market within your specific criteria and budget. Once you have found a home you are interested in viewing, I will coordinate all the showings, make the necessary phone calls, and gather the relevant information specific to each potential property.
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Make an offer on the property
The day you have been waiting for! Over the past 60–90 days you were busy packing, changing your mailing address, updating the utilities and transferring services. Once your lawyer gives you a call that the property has closed and directs your realtor to release the keys, you can finally take possession of your new home. Congratulations!
A good credit score can increase your chances of getting approved for a mortgage. Your credit score helps lenders determine your creditworthiness and ability to make payments. Lenders typically require a minimum credit score of between 600-680. A higher credit score can result in a lower interest rate, which can save you thousands of dollars in interest over the life of the loan.
Get pre-approved for a mortgage
View properties within your budget
Closing day!
You won’t pay a dime for my experience! It’s important to hire a local real estate agent who has extensive knowledge of the areas you are interested in. You can draw upon my years of experience and knowledge that has been well established through touring thousands of homes with clients. I have developed a well-trained eye and the ability to spot potential problems or areas of concern that you may not have considered.
I will take the time to explain all the intricate details and important information to consider when drafting an offer to purchase. I will handle all the legal documentation and carefully tailor an offer to suit your specific needs. I will utilize my savvy negotiation skills to ensure we secure the best deal possible. Once an offer is accepted, there are numerous deadlines and documents that need to be handled in order to finalize the purchase. I will help guide you every step of the way.