Buyers

Finding the Right Real Estate Agent

You want to find the right home, in the right location, at the right price – and you want to do it quickly, with minimum hassle. The best way to do that is to work with a professional realtor who understands your wants and needs, your time frame and your financial boundaries.

Why work with Scott Gregory?

You’ll save time. Scott can pinpoint homes that fit your needs and dismiss those that don’t. You benefit from an experienced negotiator. Scott will manage your offers and counter-offers, ensuring that you get the best possible price for your home.

You’ll get the right information. Scott knows the neighborhood and can give you accurate information on local real estate values, taxes, utility costs, services and amenities.

You can always count on great advice. Since Scott is familiar with the entire home purchasing process he can advise you of your legal and financial options while recommending appraisal, home inspection and contracting services.

  1. Purchasing a home involves one-time costs and monthly expenses
  2. The largest one-time cost is the down payment. It usually represents between 5-25% of the total price of the property
  3. In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for.

Typical One-Time Expenses

Expense Paid
Mortgage Application and Appraisal Fee At time of listing
Property Inspection (optional) At inspection
Legal Fees Closing
Legal Disbursements Closing
Property Survey (sometimes provided by the seller) Closing
Land Transfer, Deed Tax or Property Purchase Tax Closing
Mortgage Interest Adjustment and Take Over Fee (if applicable) Closing
Adjustments for fuel, Taxes ect Closing
Mortgage Insurance and application fee (if applicable) Closing
Home and Property Insurance Closing and On-going
Moving Expenses Date of Move

Typically monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities.

Understanding Market Conditions

  1. The real estate market is always changing. It helps to understand how market conditions can affect your position as a buyer.
  2. Scott Gregory can provide you with current real estate market conditions and explain their impact.

Obtain a Pre-Approved Mortgage

  1. Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home.
  2. Your Mortgage Specialist will answer your questions and help you determine which financing terms and options are right for you. Your Mortgage Specialist together with Scott work as a team to help you find the right home and select the best financing.

Making an Offer

  1. When it comes time to make an offer, Scott can provide current market information and will assist you in drafting your offer.
  2. Scott will communicate your offer, sometimes known as an Offer to Purchase, to the seller, or the seller’s representative, on your behalf. Sometimes there may be more than one offer on a property coming in at the same time. Scott can guide you through this process.

Hire a Legal Professional

  1. A legal professional is there to represent your interests and to process the legal documentation required.
  2. Scott can provide you with the names of legal professionals who specialize in real estate.
  3. The legal process differs from province to province. Scott Gregory or your legal professional can advise you on the steps to be taken before the keys to your new home are presented to you.

Home Inspections

Having the property inspected by a qualified home inspector will give you the added confidence that you’ve made the right decision (costs vary).

When the procedure is complete, you may wish to ask for a full written report plus estimated costs for any necessary repairs.