When you make the important decision to buy a home, we are committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner. For Service and Commitment, let me help guide you with your next purchase.
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BUYER'S GUIDE
Guided Every Step | Informed Decisions | The Right Home
What is a First-Time Home Buyer?
In Ontario, to qualify as a first-time home buyer, you must never have owned a home anywhere in the world, whether individually or jointly. This includes any ownership stake, so if you inherit or receive a property as a gift, you will not be considered a first-time home buyer.
Steps Before Firming Up The Deal:
1. If you haven’t already done so, please provide us with your Mortgage brokers contact information. We will send them a copy of the Accepted Agreement of Purchase and Sale and the MLS Listing. This information is required for the Mortgage approval process.
2. Decide upon a Lawyer and email us the details including the Lawyer’s name, phone and email address. Our Head Office will also send a copy of all documents to your Lawyer. If you have purchased a condominium, please provide your Lawyer’s information as soon as possible so we can provide them with a copy of the Status Certificate for review. We will happily refer you to the names of some Lawyers, if required.
3. You will need to arrange a meeting with your Mortgage Broker to finalize the terms of your mortgage and to sign the mortgage commitment provided by the bank. Your mortgage broker/bank will send the necessary paperwork to your Lawyer prior to closing.
4. We will need to satisfy any conditions in the timeline outlined in the Agreement of Purchase and Sale. These conditions are fulfilled once we have signed off on a Notice of Fulfillment or Waiver of those conditions. Once this step is done, this deal becomes firm and binding and we can move onto the next steps in this guideline.