Buying

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Many first time home buyers are overwhelmed by the prospect of buying a new home and don’t know where to start. That’s where I come in!  Together we can set up a plan to simplify the process of buying and even make it enjoyable.  These are the steps I recommend to de-stress the buying process.

 

 

1. Find a realtor

Hey… I’m a realtor! Discuss your goals and clarify what you are looking for in a home. This allows your realtor to provide you the best recommendations for  whether you’d be best suited using a mortgage broker or a bank.  Within the real estate industry I’ve developed a great network of more then capable mortgage brokers, bankers, home inspectors, and lawyers, who can all help you along the way. But let’s break that down into an easy process.

 

 

2. Mortgage Pre-approval

Once you’ve been to see a mortgage specialist, we can set the perimeters of your desired price range.  Knowing the expected monthly costs you’ll be looking at will set your mind at ease. In fact, a lot of people are surprised to find buying a house can be more affordable than renting..

 

 

3. House Hunting

This is my favourite step! We’ve established your price point and have discussed your “I wants” list. Now we can go browse what’s out there!  When you fall in love with the perfect home, we can write an offer. Once your offer is accepted, I’ll be responsible for forwarding a package for your mortgage specialist to get you final mortgage approval.  When an offer on a house has been accepted, normally there’s a full business week to do any additional checking regarding home inspections, separate appraisals, get any quotes for updates you might want to add into your mortgage, and wait for the final mortgage approval to come in!

 

 

4. Put up the SOLD Sign

 Hooray! We’ve removed all your conditions and you’re now just waiting for your possession date to move it.  This is a great time to call your utility providers to tell them you’ll be needing their services set up for your possession day, so I’ve included some links that might be helpful:

Sask Energy

 

Sask Power

 

SaskTel 

 

City of Warman

 

City of Saskatoon 

 

5. Title Transfer

Normally about a week prior to your possession date, you’ll get a call from the office of the lawyer you’ve decided to handle your transfer of title. They will handle the transfer of funds forwarded from your mortgage specialist.  The costs associated with lawyers is usually between $850-$1200, but be sure to confirm the exact cost with your chosen lawyer  (your Realtor® can also provide with a list of recommended lawyers if you’d like some suggestions).

 

 

6. Possession Day

Today is the day you’ll receive the keys to your new home.  On possession date, your lawyer will send funds to the seller’s lawyer and once they’ve confirmed the receipt of funds, your realtor will have the go ahead to hand over the keys. Welcome to your new home!

 

 

Looking to sell your home? Check out my steps to selling your home here. 

 

For a full list of recommendations and resources, click here. 

 

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