All the topics, resources, and contact options buyers need.
WHAT ARE YOUR COSTS?
Purchasing a home involves one-time costs and monthly expenses. The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property. In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for, listed below.
OWNERSHIP COSTS MAY ALSO INCLUDE
REAL ESTATE MARKET CONDITIONS
The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer. SHANE can provide you with current real estate market conditions and explain their impact.
ELEMENTS OF AN OFFER
There are six key components to the element of an offer.
MAKING AN OFFER
When it comes time to make an offer, SHANE can provide current market information and will assist you in drafting your offer.
SHANE will communicate the offer, sometimes known as an Offer to Purchase, to the seller, or the seller’s representative, on your behalf.
Sometimes there may be more than one offer on a property coming in at the same time. SHANE can guide you through this process.
IS A HOME INSPECTION RECOMMENDED?
Buying a home is one of the most important investment decisions you will make in your lifetime. As such, it makes sound financial sense to enlist the services of a qualified home inspection company to ensure your home is as solid and secure on the inside as it is on the outside.
A home inspection will determine the structural and mechanical soundness of your home. Your home inspector will identify existing and potential problem areas, suggest practical low-cost solutions, and provide estimates regarding costs for any work required. Shortly after the inspection has taken place, a report summarizing the findings is generally provided to the potential purchaser.
By commissioning an inspection prior to purchase, you’re protecting both yourself and your investment, as well as buying a little peace-of-mind.
LAND TRANSFER TAX
Purchasers in most large Canadian centers can add Land Transfer Tax to their list of closing costs.
To calculate your land transfer tax, please click here (coming soon.)
WHY HIRE A LEGAL PROFESSIONAL?
The legal process differs from province to province. Your lawyer will advise you on the steps to be taken before the keys to your new home are presented to you.