THINGS TO CONSIDER BEFORE LOOKING FOR A HOME:
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List in order of importance; your lifestyle, particular needs, and special requirements. This list may be quite long, so be sure to put the practical and attainable needs on top.
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Assess your financial capabilities in realistic terms. How much can you afford? What are your monthly expenditures? It may be prudent to visit your bank and/or a mortgage broker to have yourself pre-approved for a mortgage, so you know how much you can spend.
***Remember that your total debt costs (mortgage payments, strata fees, heating, loans, credit cards, etc.), should not exceed 40% of your gross monthly income.***
When you have all your requirements and financials in order, you are ready to see properties!
WHY USE A REAL ESTATE AGENT?
The services of a realtor can be invaluable in the decision to buy or sell a home. We are a qualified, professional team who will work hard to meet your needs. We bring with us a good working knowledge of the Real Estate Market Conditions in the Comox Valley, and are prepared to deliver a high standard of service to our clients.
With access to our many resources, we can save precious time and expense in your search for a home.
Advantages of working with a sales agent..
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We are skilled negotiators who can manage your offers and counter offers.
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We have access to all MLS Listings and can provide you with information on real estate values, taxes, utility costs, services, and amenities.
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We are skilled at handling the home purchasing process and can advise you on the legal and financial options. We can provide you with a list of appraisal, home inspection, and contracting services.
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We can provide you with a marketing analysis to help you pinpoint the homes that best suit your needs.
THE MAJOR ELEMENTS OF AN OFFER:
PRICE: Depends on the market and the buyer but, generally, the price offered is different from the asking price.
DEPOSIT: The deposit shows the buyer's good faith and will be applied against the purchase price of the home when the sale closes. We can advise you on the suitability of the amount of the deposit being offered.
TERMS: Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.
CONDITIONS: These might include "subject to home inspection", "subject to the buyer obtaining financing", or "subject to the sale of the purchaser's property".
INCLUSIONS AND EXCLUSIONS: These might include appliances and certain fixtures or decorative items, such as window coverings or mirrors.
CLOSING OR POSSESSION DATE: Generally, the day of the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec). In BC the Possession Date is usually 1 to 3 days after completion.
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