BUYER TIPS

The first step is to connect with a lender or Mortgage Broker. 

If you don't know of anyone, we will be happy to recommend a trusted professional. 

This is required by lenders on down payments of less than 20%. The amount of insurance may vary depending on how much you put down.

- Mortgage payments (principle & interest)

- Maintenance

- Insurance

- Condo fees

- Property Taxes

- Utilities

- Water heater rental

- Internet & cable

1. Provides a clear idea of what you can afford

2. Protects you against increased interest rate while you search for a home

3. Saves time when you need a speedy offer

Typically around $1,300 - $1,400

Once you have found a home you love, we will help you determine a fair market value. We will provide recent sales in the area to show what similar homes have been selling for. Depending on local market conditions, your opinion of value and the price you offer may vary, but always remember that you have the final say in what your offer price will be. 

Is typically between 5 - 20%

- Mortgage application and appraisal fee

- Property Inspection

- Legal fees and disbursements

- Land transfer, tax

- Adjustments for utilities, property tax or appliance rentals

- Mortgage insurance

- Title insurance

The deposit is a sign of good faith and will be applied against the purchase of the property when the sale closes. This money counts as part of your down payment.

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Deposit is always required within 24 hours of an accepted offer.