The Home Buying Process

 

 

 

PREPARE TO BUY

 

Establish a working relationship with REALTOR and analyze needs

Research & obtain Mortgage Pre-Approval, with Bank or Mortgage Broker

(they will request:  letter of employment, recent paystub, (2 yrs of notice of assessments if self-employed), 3 months of banks statements)

 

 

GO SHOPPING

 

Determine your Housing Requirements along with your REALTOR (location, size, bedrooms, bathrooms, garage, yard, etc)

Ask your realtor to send you emails with new listings within your criteria

Select Properties – realtor.ca

View them with your REALTOR

 

 

THE PURCHASE PROCESS

 

Write an offer (& show comparables)

Give an “initial deposit”

Acceptance of Contract

Send a copy of the Contract & MLS sheet to your Mortgage Professional

Schedule Home Inspection

Remove Conditions

Get Real Property Report (from seller) or Title Insurance (from lawyer)

Registration of Title

 

 

THE MOVE IN PROCESS

 

Get Homeowners Insurance (take with you to the lawyer appointment)

Set up payment of Taxes with City of Camrose

Set up Utilities (power, natural gas, water, phone, other)

Go to Post Office with copy of purchase contract, to get key, etc.

Inform people of Change of Address

Meet with lawyer 1-2 weeks before Possession

Possession of Keys

Move in!

 

 

Provided By:  Glenda Strauss, Realtor

                                                    RE/MAX, 780-781-8080