Here is a step by step overview of the process to help you!
Step 1 – Start Looking
- 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 – Make An Offer
- 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!
What About Costs?
What costs should I be aware of before purchasing my dream 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.
- Deposit– 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.