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Featured listing
15015 sf magnificent lot w/fantastic view. The home would require extensive work. Private setting. Current home is way back on the lot & has a...
Featured listing
2 bedroom, 2 bath SW corner suite in A VERY QUIET concrete building. Recently renovated. Kitchen, flooring, crown mouldings, paint. Bright open floor plan with...
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| Buyer's Checklist
Judy’s Checklist for Buyers!
Questions? Call me anytime 604.970.3088
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Mortgages
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Are you pre-approved? |
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Have you submitted letters of verification from you employer? |
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Do you know amount of total liabilities and assests? |
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Are your interest rates protected? |
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Do you need mortgage insurance from CMHC/GE? |
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Are you aware of any payout penalties? |
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Have you signed a letter of commitment when you purchased and your mortgage has been approved? |
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Will you be taking out mortgage life insurance? |
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DOWN PAYMENT
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Do you qualify to use your RRSP money? |
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Are your monies readily accessible? |
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Are your monies a gift? |
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If so, do you have a letter verifying this from the donor? |
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New immigrants should verify down payment required. |
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YOUR REALTOR
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Is your realtor easy to contact? |
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Ask your friends/relatives etc…who they would recommend |
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Are you loyal to your realtor? |
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Engage your realtor when you are serious about buying |
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Don’t hire a realtor that has no time for you |
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DEPOSIT
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Do you know your deposit forms part of the purchase price? |
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Have you asked your realtor how much deposit you will need? |
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Do you have enough money your account to cover the deposit ? |
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When will you have to write a deposit cheque? |
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HOME INSPECTOR
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Ask your realtor to recommend several |
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Check their credentials and ask for referrals |
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Arrange for payment to the inspector following the inspection |
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Inspectors are unregulated, unlicensed & ungoverned in most Provinces |
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Does the inspector carry insurance for errors and omissions? |
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NEW HOMES
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GST will be payable |
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Know about all warranties, when they expire etc… |
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HOME INSURANCE
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Look into tenant insurance if you rent out a portion of your home |
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Condo’s and apartments only need content insurance |
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Mortgage Lenders will require insurance as security for the loan |
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LAWYERS / NOTARIES PUBLIC
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Ask your realtor to recommend several |
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Compare prices |
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A fee will be charged on completion day |
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EXTRA COSTS!! |
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Do you know about: Property Transfer Tax? Property Tax Adjustments? Legal Fees? Survey Fee? Appraisal Fee? |
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ASK JUDY 604.970.3088 |
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APARTMENTS & TOWN HOMES
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Know the differences between – strata, co-op, leasehold, freehold etc… |
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Be aware of the contingency fund – is it high? Low? |
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Make sure you have all the strata (Form B etc) documentation needed and ask questions if you don’t understand or need further clarification |
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Know if parking and storage lockers are part of the unit or common property |
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Be familiar with the By-laws – rental restrictions, pet restrictions? |
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Your realtor and the property management company or council president can help find the answers to your questions! Call Judy 604.970.3088 anytime! |
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NOTES: |
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Email
