Price Advice: When you’re ready to make an offer on a home, we will provide you a clear price recommendation based on our comprehensive market analysis on comparable homes in the neighborhood.
Offer & Acceptance: Once you’ve found the home you are interested in, you will make a conditional offer. This offer will be done in writing and outline details such as price, move-in dates, and fulfilling such conditions as; finding suitable financing, obtaining a satisfactory home inspection, and/or to review any documentation pertaining to the property. The Seller has the right to accept, decline, or make a counter offer. More often than not, a counter offer is made and negotiations begin.
Upon acceptance, your mortgage professional will submit your mortgage application with the details of the property, we will work together to review all the pertinent documentation such as strata minutes, form B, survey report, and have the property inspected. This process usually takes a week and gives you a good idea on the condition of the property.
Subject Removal: Once you have met all your conditions in the accepted offer and are satisfied with the details of the property and inspection report, we will remove all subjects. The deposit is collected and you have a “firm sale”. The deposit is typically 5% of the purchase price and paid to our brokerage’s trust account at subject removal.
Conveyancing: You will need to select a Conveyancer (lawyer or notary public) to administer the transfer of ownership to be registered at the Land Titles office. We can assist you with this step if you do not have a lawyer or notary public (see professionals). Estimated costs are roughly $1000.