he first step in the home commission is split in half. One
buying process is to find half goes to the realtor who
out exactly what kind of LISTS the property for sale, the
funds you have available - either second half is paid to the
with a mortgage or if you're realtor who introduces the buyer
lucky - cash. In Canada, you will - so if they do both its all
have to be pre-approved by the theirs!
prospective lender (if you
require a mortgage) who will The Realtor will know what is on
issue a certificate showing how the market and for how long, if
much you have been approved for. it is a fair asking price for the
When you find the property of market conditions/area, show you
your dreams, you are then able to around the homes on offer and
enter into negotiations straight help you when it comes to making
away knowing that barring a purchase offer.
disasters, the financing is in
place. One extra bonus is that When we were home buying, our
the rate will be held for 3 realtor sat with us and discussed
months - unless they go down! the area and budget. He told us
our options, drove us all around
Next on the list is to research the town to show us the different
where you want to live - it's areas and left us a list of
definitely worth enlisting the houses in our range. When we had
help of a Realtor for guidance. decided which we were interested
The seller pays all the fees in he made appointments and took
involved with the realtors so us around the homes to view them.
it's free advice - they will Eventually, we decided to build a
however earn more commission if new home - he handled the
they sell a house that they are negotiations and we ended up with
listing. Basically, the selling the home we had always wanted!
appliances at the builders
If you are looking to build or discounted rate, if you want to
buy a new home you can deal pay more for a better model
directly with the builders that's fine. You may also be able
representative. However, unless to buy other electrical items at
you know the "ins and outs" of the discounted rate as well -
the process you may as well always ask!
enlist a realtor to help you out.
Some builders reps may offer you Do ensure the builder is a part
a discount if you don't as then of the Provincial new homes
they won't have to split the warranty program for your own
commission. For a couple of protection. You will have a
thousand dollars it doesn't seem standard 1 year builders
worth it to miss out on expert warranty, followed by an
advice acting in your interests additional 4 years cover from the
to guide you to a reputable new homes warranty. This is
builder and ensure you aren't extendable to 10 years total for
messed around. a small fee depending upon the
Province you are in. (We paid
You will have the choice of floor approximately $250.00). Being a
plans or can have your own design member of the warranty program is
custom built in the location of vital for a builder to show their
your choice. You will have to pay quality so normally they will not
GST at 3.5% on the purchase and jeopardize this by poor
will have all the usual expense workmanship or failing to honour
associated with a new house - warranties.
landscaping, curtains etc. Also,
most builders will give you an If you buy a new home you may be
appliances "allowance" at a able to use the builder's lawyer
particular store. You choose your free of charge to do the
paperwork. They will always act some negotiating leverage if you
for the builder in case of a want one to restore. Remember,
dispute but this can save you though the houses are well built,
money in normal circumstances. they are mainly wooden and
perceptible to a whole host of
Otherwise, you will have to pay problems that may be expensive to
for your own lawyer to carry out fix. For example, most roofs will
the legal work and to close the need to be replaced every 20
deal. It is worth finding a years or so. Problems found
lawyer who specialises in real several months after purchase can
estate. By the time the ruin your home buying experience.
additional costs (searches/title
registry etc.) and GST are added
the fees may be close to $1,000. More, detailed information can be
found at
Most lenders will make the http://www.onestopimmigration-can
mortgage offer subject to an ada.com/canadianhomes.html which
appraisal on the property. This includes the housing types on
may be worth doing as a condition offer, insurance, monthly costs
on your offer to buy to make sure and lots more!
the house is ok or to give you
About the Author:
The author immigrated to Canada in 2003 and has constructed a free information website http://www.onestopimmigration-canada.com about Canadian Immigration based on his family's experiences.
Source: www.isnare.com
