Before looking for your next home, take your time to get pre-approval through bank or your mortgage broker. That can save your hours of time during searching for homes in the wrong price range or worse, willing to purchasing a home which you won't be qualified for financing. Pre-qualifying gives you peace of mind, helps narrow down your search criteria and most importantly, gives me as your real estate agent, strong tools to negotiate, also being able to alleviate the sellers concern over financing.
S H O P P I N G A R R O U N D FOR T H E M O R T G A G E T E R M S
Please Do Not Forget """ Rates are negotiable! """ Banks will sharpen their pencils to get your business especially if you have a good credit rating and bring other business to them e.g. RRSP’s, general account, savings etc. Posted rates should viewed as a starting point. You need to know what the best rate is and this is usually done by get competitive quotes. Also, ask whether the bank will cover appraisal fees, and about buy-out fees, penalties, payment options, portability etc. The time spent can save you thousands of dollars over the life of the mortgage.
No one wants to purchase a defective home. Ensure to obtain proper inspections where needed e.g. professional home inspection, structural engineer, insect, radon etc. If the inspection identifies deficiencies, you may be able to negotiate the purchase price to cover required repairs or make your satisfaction of the inspection subject to the homeowner remedying the problem.
Working with a professional real estate agent will bring you peace of mind during your transaction. I can ensure the property which you are willing to purchase is in a good standing in terms of the condition and Geo, also the price you are paying is in the market value. I can offer expert advice on what to look for, conditions to include, negotiation strategy etc. After all, I work for you in every steps of the way.