Step 19 to Buying a Home: Register your utilities
If you haven’t done so, make a list of all the utilities that you need to sign up for in order to ensure that you have utilities running when you moved in. If this is a new experience to you, the process is easy. Google the utility provider in your area (this is the city […]
Step 13 to Buying a Home: Reviewing the Home Inspection Report – What to Expect and How to Proceed
After the home inspection is completed, a home inspection report will be sent to you by the home inspector and i usually takes 1-2 days after the home inspection took place. If you use our recommended home inspectors, it will most likely be on your inbox and ours the night of the home inspection date. […]
Step 12 to Buying a Home: Attending the Home Inspection – What You Need To Know
Congratulations on reaching the home inspection stage! This is a crucial part of buying a new home, as it helps ensure your investment is sound. Here’s why attending the home inspection is so important and some tips to make the most of it. Why Attend the Home Inspection? Buying a home is a major financial […]
Step 15 to Buying a Home: The Appraisal
Congratulations! If you’ve gotten this far it means you’re on a roll. Now let’s talk about appraisal. One of the final and most important step in getting a mortgage is a satisfactory appraisal. This is usually ordered by the mortgage lender and the appraisal must satisfy the purchase price in order to move on and […]
Step 18 to Buying a Home: Continue Saving, Stop Spending!
So, it looks like we are nearing home and you must be excited. Don’t start shopping for furniture and other high ticket items unless it’s on your debit card. Don’t charge any high ticket for your home on your plastic – especially those DON’T PAY UNTIL promotions – that’s a big NO! The moment you […]
Step 17 To Buying A Home: Give Notice To Your Landlord
This is one of the moments you are waiting for when you can finally send a notice to your landlord that you’re gladly packing your stuff (whoo hoo!). If you live in Toronto and anywhere in Ontario, and on a month-to-month tenancy then you have to give at least 60-day notice to end your rental […]
Step 16 to Buying A Home: Send Notice of Fulfilment/Amendment/Waivers/Mutual Release
If you got this far, then you’re almost there! I’m excite for you.If you have gone ahead and perform the conditions in the accepted conditional offer, then your Realtor (if that’s us), will prepare a Notice of Fulfilment signed by you, of course and send it to the sellers through their agent. If you did […]
Step 14 to Buying a Home: Review the Condo Documents
If you’re buying a condo apartment, condo townhouse, POTL (parcel on tied land) in Toronto and the Greater Toronto Area in Ontario, a condo document needs to be reviewed by the lawyer ASAP. In some cases, prior to putting an offer if the condo status certificate is available. This document needs to be updated if […]
Step 10 to Buying a Home: Securing A Mortgage
Step 10 to Buying a Home: Securing A Mortgage As soon as you have an accepted purchase agreement, send your executed contract to the mortgage lender as they need to do a lot of steps to ensure that your loan will be approved and funded on time for the closing. If you did not send […]
Step 9 to Buying a Home: Your Deposit Money
Now that your offer has been accepted by the seller and we have a fully executed purchase agreement (contract), it’s time to drop off your deposit (earnest money). Deposit money usually needs to be dropped off within 1 business day of accepted agreement or whatever the contract says about the deposit. So, what is earnest […]