First Time Home Buyer

[vc_row][vc_column][vc_single_image image=”5371″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1591736083911{margin-bottom: 0px !important;}”]Buying your first home in Canada?  Join our FREE webinar to learn how to achieve excellence and success with Jesse Johar and his team!

REGISTER: https://www.eventbrite.ca/e/buying-your-first-home-in-canada-tickets-107630256996?aff=JesseJohar

What is an offer?

When buying a home, an offer is a legal agreement between two parties for the purchase of a home.  This offer is made by you, the buyer, and if accepted by the seller becomes a legally binding contract.

What’s included in an offer?

As you may have guessed, a price to be agreed upon for the purchase of the home is included in your offer to the seller.  But there are other aspects of an offer as well.  These include:

  • Conditions – These are clauses in the offer contract that must be completed before a set date or the agreement becomes void.  Common conditions include financing, home inspection and review of status certificate.  Since the beginning of COVID, there are a number of other conditions to protect both buyer and seller from any complications arising due to COVID-19.
  • Inclusions/Exclusions – Will you inherit those ugly curtains?  Will those beautiful light fixtures come with the home?  Inclusions and exclusions are clauses in the offer contract pertaining to any goods that may or may not come with the home.  These are often negotiable and Jesse can help you secure those beautiful light fixtures while ensuring those ugly drapes have seen their last days!
  • Closing date – This is the date on which the funds and keys will be exchanged.  The property title will be registered in your name by your lawyer and the mortgage will be registered onto the title.  The offer must be completed by this date.
  • Deposit – These are funds that are given to the seller’s real estate brokerage to be held as a deposit on the offer.  Once the offer is firm and there are no more conditions, the deposit becomes non-refundable if you are unable to complete the purchase agreement terms.

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How to Buy Your First Home In Canada

[vc_row][vc_column][vc_single_image image=”5460″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1591218248793{margin-bottom: 0px !important;}”]REGISTER: https://www.eventbrite.ca/e/buying-your-first-home-in-canada-tickets-107630256996?aff=JesseJohar

Buying your first home in Canada?  Join our FREE webinar to learn how to achieve excellence and success with Jesse Johar and his team!

How To Buy Your First Home In Canada

Owning a house that one can call a home is every individual’s inherent wish. Financial institutions play an indispensable role in building a #dreamhome

When you decide to buy a #home, it can be tempting to pull up listings on your computer and schedule appointments to see your favourite #houses. But if you don’t already have a preapproval letter in your pocket, that can be a mistake. Taking the time to get preapproved can give you an advantage over potential buyers who aren’t preapproved.

A pre-approved home loan assumes paramount importance, bringing closer both the ends of the spectrum – your home and the required funds to make it possible.

How to Buy Your First Home in Canada

9 Basics Steps to Finding and Purchasing Your First Home

How to Buy your first home in Canada is considered one of the biggest milestones in life as well as finances. It’s a big commitment, and there’s a good chance this will be the largest purchase you’ve made to date.

As you prepare, here are the steps to follow as you purchase your first home.

Step 2. Start Shopping for a Loan
Step 3. Find the Best Payment Options and Loan Types
Step 4. Have a Down Payment Ready
Step 5. Be Honest About What You Can Afford
Step 6. Find a Good Real Estate Agent | JesseJohar.com | Home Buyers Agent
Step 7. Request a Home Inspection
Step 8. Be Patient During Final Mortgage Approval
Step 9. Close and Move-In

A #mortgage #preapproval helps you understand how much house you can afford, makes you more attractive to sellers, and alerts you to problems that may affect your ability to get a loan. To get preapproved, you’ll need to provide your lender with documents they’ll use to verify your personal, employment and financial information.

Fortunately, getting #preapproved is relatively quick and simple. Let’s explore what you need to do for a #mortgage #preapproval and how it can benefit you during the home-buying process.

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