Once you have decided on your future community, it’s time to focus on the home. Whether you are moving from a small to large home; or large to small home: you are right sizing to fit your needs. Decide first what your needs and wants are before you start looking at properties, make a list of “must-have” features (or use our form below) along with optional features you’d like to have.
“Must-have” features may include:
- the number of bedrooms and bathrooms you’ll need to accommodate your family,
- location (consider commute to work, which schools your children will attend etc.)
- lot size
- special needs (handicapped access, etc.).
Optional features may include:
- the architectural styling
- bay windows
- landscaping, etc.
Having a clear idea of what you want in a home will help you find the perfect property. This is right sizing.
Ask Tom or Ruth Bowes, we can help you through the home buying process and assure that you find the right home for you, at the right price for you. Every homebuyer has a number of concerns, all of which we can help you with. Here’s a few typical concerns.
Setting a Time Frame
The time it takes to find and buy your new home can vary widely depending on many variables. A typical home search process may take weeks, or months, when you consider the mortgage approval process, comparing and evaluating properties, making an offer and the closing process. Or it could take a week!
The Lending Process
Perhaps one of the most intimidating aspects of buying a home is the mortgage approval process. We’ll be here to help guide you through this, but there are many ways you can prepare early to make the process smoother. First step is to contact a mortgage broker. If you don’t have one, we can supply you with three names to get you going. Meanwhile start gathering documents you may need, such as Notice of Assessment Forms, income tax returns for the past few years, pay stubs, records of child support, and bank statements for the past several months. Book an appointment and start your pre-approval process. Click here to use this easy mortgage calculator to get an estimate of monthly payments.
Lawyers’ Fees: you should call your lawyer or ask for a referral to check fees but in the Guelph through Georgetown area you can expect approximately $700 to $1,000
Land Transfer Fees: click on the easy to use calculator
Moving Company: whether you buy pizza for your friends and rent a truck or book a professional mover you will need to budget some money for moving day.
REALTOR® Fees: our fees are typically built into the seller’s asking price. The majority of MLS listings offer a 2.5% fee to the sales representative who brings the buyer, however, that is not a “set” fee. When we start the buying process with you we will review a Buyer Representation Agreement which details who pays what and to whom.
Educating yourself about the home-buying process is key to getting a home you love and can afford. As your REALTOR®, we are here to answer any questions you might have and guide you through this process.