Previously -
Step 1 - Determine What
you can Afford
Step 2 -
Understanding Market Conditions
Step 3 - Obtain a
Pre-Approved Mortgage
Step 4
The Major Elements of
an Offer
Price
Depending on local market conditions, your opinion
of value and marketing information provided by your
Realtor, the price you may offer may be different
from the seller's asking price.
Deposit
The deposit shows your good faith and will be
applied agaiinst the purchase of the home when the
sales closes. your Realtor can advise you on
an appropriate amount.
Terms
Includes the total
price offered and the financing details. You
may arrange your own financing or ask to assume the
seller's mortgage, especially if it has an
attractive interest rate.
Conditions
These might include "subject to home inspection",
"subject to buyer obtaining financing" or "subject
to buyer selling their property".
Inclusions and Exclusions
These might include appliances and certain fixtures
or decorative items, such as window coverings or
mirrors.
Closing or Possession Date
Generally, the day the title of the property is
legally transferred and the transaction of funds
finalized unless otherwise stated. (except in
Manitoba and Quebec - In BC the Possession Date is
legally 1 to 3 days after the closing).
Next month.... Step 5
How to Make an Offer
This
information is provided by Kathy Murphy, your Royal
LePage Key Realty Agent.
Kathy says: "Why Wait!" Take advantage of fantastic
interest rates, leveled home costs and home
improvement government rebates! Let me help you find
your dream home with a mortgage that can cost you
less than rent!"
For more information and
home buying advice contact Kathy today!
Kathy Murphy
519-330-4543
email:
kathymurphy@royalkey.ca
Linda Belan
Mobile Mortgage Specialist
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