Welcome > For Buyers > Completing your purchase A - Z ...

STEPS TO TAKE TO FIND YOUR HOME

Choose your agent

Select the Amyotte Team to guide you through your search.

 

Get your finances in order

The next step is to find out how much you can spend on your new home and to get pre-qualified for a mortgage.  To do this you need to go to a mortgage broker or your bank. We usually recommend a mortgage broker because they are highly trained professionals who have access to many different lenders with different rates and programs to meet your particular needs. We can help you choose.

Make the commitment

This is the point at which you have to make a serious commitment to your agent. We will need to meet to discuss paperwork and just exactly how we proceed from here.

 

Summarize your criteria

Together we will come up with exactly the type of home and in what price range and location you should be looking and set you up with a shortlist of suitable homes.

 

Look for suitable homes

We arrange for showings of homes that suite your needs and we work closely together to zero in on that right home, whether it comes from our listing base, the MLS system or from our special matching system.

 

Make the offer

We guide you through the offer process. We will draw up the offer with you.  We will insert conditions to protect your best interests and then negotiate the very best price and terms that we can. You will make the final decision, but we are there to help, negotiate and advise.

WHAT HAPPENS AFTER YOUR OFFER IS ACCEPTED

The conditions of the offer have to be met

In most offers, you will have probably put in a condition for a home inspection. The inspector will need approximately 3 hours in your soon to be home he carries out a very thorough inspection of the entire house from roof to basement. In most cases, the bank or lending institution that is to provide you the financing will have an evaluator go through the house.

Once the conditions of the offer have been met

We send a document to the listing agent that tells them that the conditions have been fulfilled. We get a copy to you for your signature. Your soon to be home is then unconditionally sold and both you and the sellers are bound by its terms. Any changes can only be made by mutual consent.

Your lawyer

This is the point at which you should have your lawyer chosen and ready to go to work for you. We are happy to help with this. We send your lawyer a copy of The Agreement of Purchase and Sale and all relevant documents.

Helpful material

We send you some material that will help you through the whole process of moving.

CLOSING THE DEAL AND MOVING

Show your lawyer the agreement

A copy of the signed Agreement of Purchase and Sale is sent to your lawyer, who will examine any conditions of sale and note the closing date.

All the conditions of your agreement are met

During the time between the acceptance of the offer and the closing, all conditions in the Offer to Purchase must be satisfied by the stated dates.

A land survey is done

If required in the Agreement of Purchase and Sale, a new up-to-date land survey on the property may need to be ordered.

Your lawyer searches the title

Once all specified conditions have been met, your lawyer will search the title to the property. This ensures that you can purchase it without legal problems.

Your lawyer checks into taxes and liens

Your lawyer will also be checking into government regulations and other legalities. These include ensuring that the property taxes on the house are up-to-date and that there are no liens on the Property.

Mortgage details are finalized

Your lawyer or lender will also draw up and finalize your mortgage documents. If you are using financing options, such as a vendor take back mortgage, you’ll need your lawyer to prepare this document too.

Arrange your utilities

It’s up to you to make arrangements for final metre readings and payments of utilities at your old home and to begin service at your new home. Now is also the time to make arrangements for moving.

It's all over but the signing of the check

Your lawyer will prepare a Statement of Adjustment, which will confirm the selling price, the amount that you have to pay the vendor, the balance of the down payment and adjustments. You’ll also need to pay your lawyer for legal fees, which include closing costs and disbursements. A certified cheque for this total should be made payable to your lawyer in trust.

Closing day

The day you finally succeed in realizing your goal! It’s the day you can actually call your new home yours. Closing is the day you get the keys and legally take possession. Here’s what will happen:        • Your lender will provide the mortgage money to your lawyer        • You provide the balance of the purchase price to your lawyer in the form of a certified cheque        • Your lawyer pays the vendor, registers the home in your name and provides you with a deed and the keys.

Throughout this entire process we are available to answer any questions or concerns you may have. As before, if ever you want or need to speak to Hélène or a member of our group, just call 237-5996 or any other number that you have for us.

"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation Ontario Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.   Schools in Ottawa, Kanata and Orleans

Real Estate Contracts >Personal Property When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate? There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property. See All Tips In The "Real Estate Contracts" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  What might happen to the Empire State Building in extreme weather? A  The Empire State Building can sway several feet to either side when buffeted by a severe windstorm or rainstorm. See More Real Estate Trivia >

The Hélène Amyotte Team Keller Williams Ottawa Realty 610 Bronson Avenue Ottawa, ON. Direct: 613-237-5996 Office: 613-236-5959 Fax: 613-237-8611 Email: Info@Amyotte.com The Hélène Amyotte Team is a unique group of dynamic professionals, each with their own specialty, but who work together as a cohesive team to attain your goals. www.Amyotte.com is brought to you by The Hélène Amyotte Team NUMBER1EXPERT™ in real estate for Ottawa, Kanata and Orleans, Ontario Read The Hélène Amyotte Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge