Buying a Home
Finding the perfect place and then buying it is easy with the Private Exchange. Your new home is an investment; so here’s how to purchase the best house for your needs.
- Identify your needs
- Get Pre Approved for your Mortgage
- Find Your Home
- Contact your Real Estate Lawyer
- Make an Offer
- Complete a Home Inspection
- Seal the Deal!
Purchase and Sale Agreements
Get access to free purchase and sale agreements when you create your seller account.
Buying Property for the First Time
Make an informed property purchasing decision that’ll ensure you not just a home, but a sound long-term investment. As a first time home buyer there are some great government grants and mortgage programs offered to assist you with your first home purchase.
Your Buying Options
You don’t have to use a real estate agent to buy property, buying a home privately can have many benefits and is safer than you might think.
Home Inspections are a great way to find out information that might not be easily seen to the untrained eye. Home Inspectors often find defect we might overlook. In the event the home is found deficient in any way prior to closing you might be able to negotiate the repairs before you close the deal.
Making an Offer To Purchase
When you’re ready to buy property, you need to make an offer. Legal offer forms are available from a Private Exchange representative.
Selecting your Real Estate Lawyer
When you’re ready to make an offer the best advice is supplied by your Real Estate Lawyer. They can provide advice and knowledge to avoid many of the pitfalls when negotiating the terms and conditions of your next home. Remember – before you sign any document – seek legal advice first. Your lawyer may advise you on matters such as conditions, title issues, mortgage terms, unpaid liens and unpaid taxes on a property before you buy.
Land and Title Registration
The property transfer process can be drawn out and frustrating. Your Real Estate Lawyer will take care of this; items such as mortgage registration, legal documentation, large funds transactions and title registration.
Advice On Mortgages
A great idea to help make your offer stronger is to get pre-approved and of course lock it in at the best possible interest rate and terms. Doing this beforehand is a wise choice so that when you find that home you can buy it and call it your perfect home. Talk to your mortgage specialist or banking institution and start today. It’s the best way to find out what you can afford and what your payment commitments will look like.
Closing Costs – those pesky things that can add to the purchase price
When purchasing property, you’re liable for land transfer tax and some other costs that we might not take into account once we fall in love with the new digs! Here’s what you need to know in order to budget for buying a home. More on Closing Costs.
Using a Real Estate Agent
Real estate agents are qualified and accredited property professionals, and using one can help make your property sale run smoothly. Quite often a licensed real estate agent will ask if you are willing to pay them a commission or fixed price if they bring you someone who buys your home. This decision is yours, and while we think selling privately is a great idea, we are sure you will agree that you don’t want to restrict the buyer pool to only those people who aren’t using a real estate agent. Right?
Why Should You Buy?
Buying a home is a good long-term investment when you buy in the right neighborhood at the right price. Do your research and find out as much as you can. Plus, buying versus renting makes sense –pay off your own mortgage rather than paying off your landlord’s mortgage.
Land Transfer Tax
What is it, who pays for it and why do I pay more in some municipalities? Here’s Land Transfer Tax information for home sellers.
Property Insurance Advice
Your mortgage holder will insist that you have homeowners’ insurance. But you don’t need to use their insurance provider. Find out more and get the advice you need to get the best rates and terms.