Step 2: Select Your Home Buying Team
- Step 1: Understand The Housing Market
- Step 2: Select Your Home Buying Team
- Step 3: Calculate Your Costs
- Step 4: Present Your Offer
- Step 5: Closing Day
- Home Buying FAQ
As a liaison between your real estate agent and your lawyer, your Group Mortgage Plan Specialist will help facilitate the financial transactions that are central to your homebuying process.
It’s best to have a team that understands your unique needs and is working together to help you achieve your goals.
Choosing A Real Estate Agent
A good Real Estate Agent will:
- Know the neighbourhoods where you are looking.
- Understand the local market.
- Act as an expert regarding the type of property you are buying.
Choosing A Home Inspector
A good Home Inspector will:
- Assess the condition of the home and identify areas where repairs may be needed or where there may have been problems in the past.
- Can offer a flat fee structure.
- Provide a full, written report.
Choosing A Lawyer / Notary
A good Lawyer / Notary will:
- Review any documents you need to sign, especially the Offer to Purchase.
- Make you aware of what monies you need to provide and when.
- Advise you about title, including encumbrances and liens on the property.
- Discuss title insurance with you.
- Help ensure you receive the funds from the bank/lender ‘in trust’ and on time.
Choosing An Insurance Broker
An good Insurance Broker will:
- Provide you with Home & Fire Insurance – a requirement to obtain mortgage financing.
- Provide documentation of adequate coverage in order to take possession of the home.