Doug McDonald Engel & Volkers

Cellular 250-885-1502 | EMAIL doug@homesforvictoria.com |

Buying A New Home


 

For most folks, buying a home is a big decision! Whether you are wanting your ‘dream home’ or a strictly ‘investment property’, the process can be daunting! But I also believe, especially if you’re spending the money, that it should also be fun! I will help you every step of the way. When purchasing a home, you are faced with a multitude of decisions, steps, and details to consider. To break it down here are the10 fundamental steps to help you.

 

10 Steps to Buying Your New Home

STEP 1   Get financing organized; pre-approval with a bank or a mortgage broker. This can be done over the phone or even online in a matter of minutes. I can refer you to a highly reputable mortgage professional to assist you.


STEP 2   Pre-shopping conversation. It seems obvious, but the most important step. With my guidance, discern your objectives and develop a ‘wish list”.


STEP 3    Go shopping for your new home. Once you've been pre-qualified, know what price range you want to stay in, and the preferred criterion for your new home, I can help you determine which properties will best fit your needs.


STEP 4   Your new home is found! I prepare, review, present and negotiate your offer. When the offer is accepted – then, if required we deal with any conditions ( i.e. subject to financing, inspection etc. approx. 1week)


STEP 5   Remove of your conditions. Your deposit (typically 5% of the Purchase Price) makes your offer FIRM and BINDING.


STEP 6 Conveyance of the property. All documents then go to your lawyer/notary to begin their work.


STEP 7 Meet with your lawyer or notary. Approx. 4 days prior to the Completion Date to sign and bring final deposit bank draft.


STEP 8 Completion Date. The money and title of the property are transferred into your name.

 

STEP 9 Possession Date (usually the day after completion) 12 noon – is when you get keys and can move into your new HOME!


STEP 10 CONGRATULATIONS!!


I Will Help You Every Step of The Way

 

I will help you complete your financing and inspections, and close on the transaction. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.


NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.