The Buying Process

1. Pre-Approval

The first step is finding out what price range home you can comfortably afford.

We can recommend one of our key lending partners to assist you in determining the amount
of mortgage you qualify for.

2. Working with a Team Sachko agent

We will work with you to identify homes that match your house wish list in your price range in areas of your preference.

3. Showing you houses

We will arrange viewings of the homes of your choice. We will offer our extensive knowledge and experience to help you make the best real estate decision.
Tip: Dress comfortably. Wear shoes that are easy to slip on and off..

4. Making an Offer to Purchase

When we find your dream home, we will provide you with information on comparable solds which are a good indicator of a home’s current market value. As your representative we have your best interest throughout the negotiating process to get you the best price.

5. Condition Period

Your offer will be conditional to arrange final mortgage approval, a home inspection and any other conditions pertaining to your home purchase. When all conditions have been fulfilled, you will sign a waiver to remove the conditions, which makes the transaction firm and binding.

6. Deposit with an offer

When your offer on a house is accepted by the seller you must provide a “deposit cheque” within 24 hours. Standard deposits range from $1,000 - $10,000. The deposit is held in trust by the listing brokerage and goes toward your down payment or can be used towards closing costs. During the conditional period, if financing, home inspection or any other condition in the offer fall through you will receive your deposit back in full.

7. Home Inspection

A home inspection identifies the condition of the physical structure and mechanical systems of the House to verify that they are in good condition.

A home inspection costs anywhere from $300 to $400 and usually takes 2 to 3 hours. You will be present at the inspection and guided through the whole process. You will get a detailed report of the Inspection Findings.

We can recommend reputable home inspectors to help you.

8. Closing the purchase

You must retain a lawyer to close your transaction. Choose a lawyer experienced in Real Estate.

Your lawyer searches title for the property, prepares documents to complete the transaction, pays fees on your behalf and registers ownership in your name.

Closing costs are typically 1.5 to 2% of the purchase price. The major closing costs are Land Transfer Tax, Lawyers Fees and Title Insurance.

9. What happens Next

You need to:

• Arrange insurance for your home
• Set up Utilities
• Do change of address notifications
• Make arrangements for moving day

10. Celebrate!

You are now a proud new home owner!