No matter what your circumstances are, whether you are a first time buyer or a seasoned investor, purchasing real estate is always an exciting experience.
Each transaction is unique in itself. Although the variables can be altered by the size of the financial investment or type of property involved, the buying and selling process is similar. There are a consistent number of tasks that must be followed in a logical step-by-step manner, from the initial identification of the property to the final closing of the transaction.
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Buyer Action Plan
- Interview with The Better Group
In the initial interview we will discuss financing options, affordability, review all the costs associated with buying a home you may not have considered, and help you determine your needs and preferences in a new home. We will assist you with understanding the roles of REALTORS®, lenders, appraisers, home inspectors and lawyers in the home purchasing process.
- Obtain Mortgage Pre-approval
It is always advisable to get pre-approved for a mortgage before beginning the house hunting process. Pre-approval allows you to shop within a particular budget understanding what you can reasonably afford, and communicates to the seller that you are a serious buyer.
- View Homes with The Better Group
We will help select homes for viewing that meet your needs and preference criteria. The Better Group will take care of arranging showings that work within your schedule, and will personally show you through these properties.
- Buy Your Home
Together we will write your "Offer of Purchase" that includes price, terms, conditions, possession dates and any other criteria that will be proposed to the seller, and present both the Offer and your deposit cheque to the Seller and their representative. We will be in constant contact with you throughout the negotiations, providing objective, experienced advice without pressure, leaving the decision entirely up to you and following your instructions.
- Obtain Mortgage Approval
After the offer is presented we will send a copy of the offer to the lender, who many send an appraiser to the property before approving the mortgage amount.
- Make Your Offer a Firm Sale
Once all buyer conditions have been satisfied or removed (including items like having a home inspection done), the offer is made firm and the property is considered officially sold to you pending the exchange of funds and transfer of title on the agreed possession date.
- Select a Real Estate Lawyer
We will help you find a real estate lawyer if you do not already have one, and forward all documents. Arrangements are made to transfer funds to the lawyer to finalize and close the transaction.
- Final Details
The Better Group will continue to help you after the finalized sale to assist you with details such as arranging home insurance, coordinating utilities, and recommendations of qualified moving companies to assist if required. We will meet with you on your closing date when you take possession of your home to inspect the property.
Our Pledge to Buyers
To provide unsurpassed service to help you buy your home at a fair market price, in the shortest time, with the least inconvenience to you, The Better Group will:
- Explain real estate agency relationships
- Maintain communication during the term of the agreement
- Analyze buyer’s property needs and desires
- Orient buyer to current market conditions
- Provide helpful community data
- Explain local real estate practices and procedures
- Provide information on lenders and financing alternatives
- Search the local multiple listing service, FSBO’S, our network of investors and other agents for suitable properties
- Coordinate appointments and show all properties of interest
- Provide relevant market data as to fair market value of homes
- Disclose all material defects of the property if known
- Explain the process of offer presentation
- Carefully explain and prepare Offer to Purchase forms
- Arrange to present all offers to seller in a timely manner
- Strive to obtain the best possible price and terms for buyer
- Explain post-purchase activities and responsibilities
- Follow-up on all post-purchase activities
- Keep confidential any buyer information
