Chossing the right Associate
YOU ARE READY TO BUY A HOME - WHERE DO YOU BEGIN?
1. Choose a Associate
2. Get mortgage pre-approval
DON’T WASTE YOUR TIME PHONING EVERY ASSOCIATE IN TOWN WHO HAS A HOUSE LISTED - LET DARREL FEDOR REALTY DO THAT FOR YOU .
Building a good rapport with your Associate and trusting them with your loyalty is the most efficient way to purchase real estate. Providing clients with consistent, reliable service involves having a good working relationship with the client and that cannot happen if the client is working with more than one Associate. To ensure the buyer is committed to working exclusively with them, many Associates today are asking buyers to sign a Buyer’s Service Agreement. This Agreement is an advantage for the buyer as it commits the associate to looking after the best interests of the buyer and it also gets the buyer "in the know" with a Associate, a very valuable place to be. The Agreement can be cancelled at any time and there is no obligation to buy, however if the buyer does make a purchase he agrees to make the offer with the undersigned realtor.
When choosing your associate, go for the best. The Associate you choose should:
According to a Ipsos-Reid poll, more than half (54%) of Canadians use the Internet to research real estate listings. Take advantage of the benefits of the Internet and check out company and associate web sites. Look for benefits to the buyer as well as the quality of presentation which will give you some indication of how knowledgeable and approachable the Associate is likely to be.
Patience is a virtue and a good Associate will have lots. At Darrel Fedor Realty , Darrel says, "I will show 1,000 houses if that’s what it takes for the client to find the one they want". Sounds tiring, doesn’t it? Actually, one of the benefits of working with Darrel Fedor & Company is being able to access a computer program that allows our clients to view just listed properties from the comfort of their own home. The choice becomes theirs as to which homes they would like to view. This program is especially valuable to those clients who do not live in the area. The program chooses homes that fit a pre-arranged criteria for price, style, location, etc. and fires them off via email 24 hours before they hit the market so the client also has a time advantage in being one of the first ones to view the homes if they so choose.
Communication and understanding between client and Associate will build a strong relationship so make sure you make your service expectations clear and that the Associate is in sync and can comply. Once your choice of Associate is made, that Associate can help you with the next step which is to get pre-approval from a financial lender.
DON’T SET YOURSELF UP FOR DISAPPOINTMENT - GET PRE-APPROVED
Low interest rates and more convenient financing options mean that more Canadians are purchasing homes than ever before. National home ownership rates have climbed 3.4% since 2000 - currently 64.2% of Canadians own homes. According to a National Survey of home buyers, the family home, more than any other type of investment, is the preferred way to invest in the future. The findings of the survey show that Canadians feel that owning property is "one of the surest ways of accumulating assets for retirement".
Buying a home is a worthwhile investment and obtaining mortgage pre-approval is an investment in time that makes the buying easier. The process will confirm what price range the buyer should be looking for, the amount of down payment required and the amount of monthly mortgage payments. To determine your qualifications, the mortgage lender will take into consideration your income, credit rating, available down payment and debt load. It is possible to get a ball park figure by using the Mortgage Calculator but it won’t give you the true facts as it only considers price and income. A letter of approval from the mortgage lender allows you to make a confident and stress free Offer to Purchase.Darrel Fedor Realty can help you through this process by referring you to mortgage lenders and introducing you to the lender of your choice.
Congratulations! Purchasing a home or even thinking of buying a home is an exciting adventure. You will be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future and establishing a home your family can call their own. Your hard-earned dollars contribute to your mortgage, not a landlord's and over time your home will increase in value and the equity you earn is ultimately yours!
In this Home Buyers Guide, I will take you through a step by step process to help you determine the type of home ownership that is right for you. To make your home buying experience as pleasant as possible, I have included informative articles on mortgages, house hunting, the offer, closing details, moving and more.
Before you start shopping for your home, give some thought to your lifestyle, the features you need and want, affordability, and the neighborhoods you prefer. Determining the features that are most important to you will bring you closer to finding your perfect home.
Arranging a mortgage
Prior to shopping for a home, it is usually recommended to look into getting a pre-approval on a mortgage. As most people require a mortgage to purchase a home, this section explains mortgage types, terms and how to qualify.
Choosing a home is both an emotional and a financial decision for your future. By making the most out of your home viewing experience, you can learn how you can avoid costly errors that could lead to future problems.
Are you ready to put an offer on a home? This section explains the components of an offer and how it forms an essential part of your purchase.
Buying a home is more than simply picking your dream home. This section will explain the importance of hiring the right professionals to ensure you are legally protected.
Are you looking for tips and tricks on how to make your move more manageable? This section offers insights on how to make the most of your move.