Buying A Home

Buying A Home

Jeff Will’s Timeline to Possession-Buying a home? Here is a step by step overview of the process to help you!

Step 1- Congratulations on buying a home

Get Started Looking For Your New Home

  • Obtain pre-approved financing at your financial institution
  • Arrange deposit/down-payment for buying your home
  • I will provide you with MLS listings

Remember…
I can show you any house, anytime, that is anywhere! Even if a home is listed with another agent OR company, I can show it to you.

Step 2

Making An Offer To Purchase A Home – You are ready to be buying your home!

  • Writing up an offer containing conditions to protect you and address all of your concerns and needs
  • I will assist you in how much to offer and I will negotiate on your behalf to get the best deal possible
  • Conditions – I will ensure any conditions are met
  • Deposit is in place
  • Possession date

Step 3

Conditional Sale of Home

  • Get mortgage approved/ financing in place
  • Inspections and removal of conditions
  • PCDS – The PCDS is a form completed by the seller, disclosing any known defects
  • I’m here for you! I will looks after all of these details on your behalf. It’s my responsibility to make this as smooth as possible for you.

Step 4

Sold – Your New Home Awaits!

  • Meet with your lawyer to sign papers
  • Meet with your mortgage broker to sign papers
  • Arrange utility hook up
  • Arrange movers
  • Take possession of your new home!

How Much Money?

How much money will I have to come up with when I purchase a home? I have included a list of fees that you typically encounter when purchasing a home. Please keep in mind that these are approximate values meant to give you an outline.

  • DEPOSITĀ – The amount required when you write an offer (typically $5,000 – $10,000)
  • DOWN PAYMENT – Total cash required depending on mortgage amount
  • INSPECTION FEE – These are optional and at your discretion (typically $500)
  • LEGAL FEES – Title registration, mortgage registrations and lawyer fees (typically $1,000- $3,000)
  • APPRAISAL/ MORTGAGE/ CMHC – typically $400
  • COMMISSIONS – As a buyer you pay zero commissions. The seller pays all commissions.
  • INSURANCE – You are required to have insurance in place prior to possession. Depending upon policy (typically $600 – $1,500)
  • UTILITIES – Installation, connection and deposit fees for: SaskTel, SaskEnergy, SaskPower, City of Saskatoon, Shaw Cable, etc.
  • CONDO FEES– You are responsible for Condo Fees starting the month you take possession.
  • GST – There may be GST applicable on newly constructed homes, land, or commercial real estate.