Information for Buyers

INTRODUCTION

Buying a home can be one of life's most fulfilling experiences and one of the most challenging. The more prepared you are at the outset, the less overwhelming the buying process will be.

From selecting a real estate professional to finding out wha type of home you can afford, the following tips help take the anxiety out of buying a home.

Avoid any surprises by having Don Wyld guide you through the necessary steps. Rely on his expert advice to keep you informed and prepared. It's just one more way that Don Wyld takes the anxiety out of buying a home.

FINANCIAL

How much can you afford? What type of mortgage is best for you? How much should your down payment be? Are you eligible for the RSP Home Buyers Withdrawal? What payment frequency should you choose?

Finding the answers to all your questions about mortgage financing can be a time consuming and strenuous exercise. Don Wyld can provide you with the resources you need before buying your home including information and advice on financing options, mortgage terms, loan types and how to get the most for your money. In addition, our relationship with The Mortgage Alliance Company of Canada ensures that we can provide our customers with the best rates and options available.

Do you know how much money will be needed in order to close your deal? Besides the basic purchase price, buyers face legal fees (plus GST) and disbursements (plus GST), which are the out-of pocket expenses a lawyer/notary incurs. Then there are closing adjustments with the seller - taxes, rental income, condominium maintenance, and some utility charges. And don't forget about the costs of arranging a new mortgage which can include application and appraisal fees. For a resale home, these "extras" can easily add 1½% to 2% onto the basic purchase price.

Do you know what needs to be done after the deal is closed? Once your offer has been accepted the work has just begun. Future steps include arranging for monthly mortgage payments and property taxes, finding the right insurance coverage, transferring your utilities and arranging for your move, among others.

Do you have any questions or would you like more information? Please contact Don by clicking below.

Some text taken from http://www.century21canada.com