First Time Home Buyer

Are you a first time home buyer? You should know that in addition to providing numerous financial benefits, buying a home will help improve your quality, stability and security of life. Not only do homeowners enjoy more freedom, they also have a strong feeling of pride, as well as peace of mind. It’s definitely a worthwhile investment!

A Home Well-Adapted to you

First and foremost, to buy a property means living in a home that suits your taste and fits your lifestyle. Is your family growing? Do you want a backyard, basement, playroom, dedicated for your children? The purchase of a home can help you benefit from these extra spaces and is also a good long-term investment. Also revenue properties such as duplex and triplexes offer additional income.

Research the area

Buying a property for the first time is a huge investment, even if you are experienced in real estate it’s important to research the location you’re thinking of living in. Is there a good community? Is it safe? are you close enough to everything you need? If the answer is no to any of these, you may want to consider alternative neighbourhoods.

Find the right Real Estate Agents

To ensure you find your dream home find the right real estate agent, one who knows the area and has great testimonials. If you are looking for the best real estate agents in Canada, please don’t hesitate to contact us today.

Building Capital in your Home

To buy a home is a bit like making long-term savings. Instead of paying rent to a landlord, your monthly mortgage payments are used to finance your assets and build capital that you will recover once you have finished paying.

Welcome Home

Unleash your creativity and decorate your home as you wish. By renovating your home, you will increase the property value. Moreover, you are your own landlord.

Cost of Purchasing a Property

Did you know that when you buy a property, you must have money set aside to cover start-up costs? Such as:

 

• Your down-payment

• Property inspection costs

• 1.5% of the property closing costs

 

After your property purchase transaction, additional savings set aside may help unforeseen expenses.

 

These expenses should not be taken lightly and all mortgage lenders will even check that you have these funds available before granting you a loan. Mortgage loans are calculated based on the value of your property and, therefore, cannot be used to pay these additional costs.

How much savings do you need?

It’s important to know how much money you need in savings before you can consider purchasing a property. Here is a list of common start-up costs:

 

• Property Inspection

• Property Evaluation (Appraisal) *Subject to lender’s condition*

• Provincial tax (9%) on the Mortgage Insurance premium

• Notary fees

• Adjustment costs determined by the notary (Heating, Municipal & School

•Taxes, Equipment rental contract, etc.)

• Property Transfer Tax (Welcome Tax)

• Moving expenses

 

The real estate agents as Landmark Group are just a call away if you need advice on buying property. With a long lasting heritage we can ensure you will receive the best possible advice when it comes to property costs.

Documents Required to Sell

You’ve decided to sell your home? To ensure that the transaction goes smoothly, you’ll need a variety of documents at different stages of the process.

Here’s a list of documents to have on hand when selling your home: – Certificate of Location – Pyrite, vermiculite, iron ochre tests, etc., in certain regions – Bills for renovations to the home – The declaration of co-ownership, if applicable – The rental lease or leases in the case of a rental revenue property – Municipal and School taxes – Monthly cost for electricity

The Real Estate Broker – Your Path to Peace of Mind

A real estate transaction is a complicated and detailed process that requires solid knowledge of the real estate market and a skilful talent for negotiation. Why not use a real estate broker to take care of all the details for you?

When selling your home, your real estate broker will conduct a thorough analysis of the market in your neighbourhood, and will determine an accurate selling price. And by using the power of the Centris / Realtor system, your broker will give the home exceptional visibility to the more than 15,000 brokers who are members of a real estate board.

Think about it. To sell your home, you must be available seven days a week to conduct showings. Your real estate broker can take care of everything: responding to requests for information, managing telephone calls and showings, marketing your home to potential buyers, etc.

Once a promise to purchase has been submitted, it’s time for negotiations. In all real estate transactions, it’s fundamental that you have an experienced negotiator on your side and real estate brokers are truly experts in the field! They can help guide you through financing, qualifying buyers, sale conditions, building inspections, and all other legal aspects.

Brokers can also be intermediaries in your dealings with the many people involved in the sale of your home. Their large networks of contacts range from building inspectors to notaries, and from financial institutions to mortgage brokers. Brokers are a one-stop shop for all these services, and their involvement guarantees you the legal protection offered by the Real Estate Brokerage Act.