The home buying process can be an exciting experience. There are times however, that this process can cause undo stress. This may be true whether you’re a seasoned real estate investor and have purchased homes in the past or if you are looking to purchase your very first home, a new primary residence, or that perfect cottage property. There are many factors and decisions to make when purchasing a home.
We prepared the Platinum Buyers Guide as a resource to assist you in the selection and purchase of your new property. In it you will find the main steps of the buying process, during and after the purchase of your home which will guide you through the financing options, discrete property search, negotiating and transaction processes as well as up-to-date local market knowledge.
The guide also contains many useful tips to navigate your through your real estate buying transaction.
THE OFFER PRESENTATION
Now that you’ve found the home you’d like to buy, you will want to make an offer to purchase that property.
NEGOTIATING WITH THE SELLER
We will submit an ‘Agreement of Purchase and Sale’ on your behalf to the seller’s real estate agent, along with the presentation of your qualifications. This may be done in person or by fax/email.
This process is commonly known as the period of Conditional Sale – the Agreement may be subject to certain conditions such as financing, home inspection, lawyer’s approval etc.
WHEN THE DEAL IS ACCEPTED
Once the offer is accepted and conditions have been satisfied or waived, the Agreement of Purchase and Sale becomes firm.
DAY OF CLOSING
On the day of closing you will actually take possession of your home. Typically, most closings occur mid-late afternoon.