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Specific Tips for Buyers

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									                      Specific Tips for Buyers
        It is very beneficial to have a mortgage pre-approval (bring a copy of it
       along, if you have one) as this will help you streamline your House Hunting
                          and keep you on track and on budget.

   If you want to shop for a lender while you’re here you will need:

       A copy of your most recent mid-month pay stub showing all entitlements
        and deductions.

        Bring any proof of down payment with you. Either a letter from your
        lender, a statement showing your investments (RRSP, Mutual funds,
        CSBs) Record of employment with current pay stubs.

       If the down payment is coming from the equity in your present home
        please bring a copy of your most recent mortgage statement showing, the
        balance outstanding, the term, monthly payments, interest rate etc. If your
        home has sold but the sale has not yet been completed be sure and bring
        a copy of the Contract of Purchase and Sale, plus copies of any
        amendments showing the removal of any and all "subject to conditions"

       If you have any outstanding personal obligations such as car loans, credit
        card balances etc. please be sure and bring statements showing your
        current balance and repayment schedule.



                       WHAT ELSE SHOULD YOU BRING?



· Info on special requirements you may have prior to arrival such as special
   school or medical needs, if you require high speed internet, day-care, or have
   second language concerns etc. or if your are a one vehicle family and need to
   be with-in walking of amenities.
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When you are going to be looking at homes:
1. Bring comfortable shoes that slip off and on easily, for when you are viewing
    homes.

2. Bring along your camera to take pictures of the home you purchase. The
    homeowner’s permission will be needed, but they are usually very
    accommodating. You will want to share them with family and friends and also
    to have a visual to refer to later.

3. Bring your chequebook for the deposit! Contracts of Purchase and Sale
usually require a deposit. Deposits vary; generally $1000.00 to $2000.00. An
additional deposit of $1000.00 - $4000.00 may be beneficial to ensure your offer
is accepted.

4. You may also have to pay a home inspector and other service suppliers.

Also:

        If someone in your household will be job-hunting in the area as well, bring
         along their resume to leave with potential employers.

        If required, look for Doctors, Orthodontists etc while on your HHT.

        If you have children you will be registering in school, be sure to bring birth
         certificates, health records and records of immunization.

        Set-up mail, phone, utility hook-ups, etc… if time permits.

If you require information on hotels, schools or the area in general, I will be
happy to send you a "newcomers" package couriered within 24 hours, upon
request.



                (This info is courtesy of Ben Officer of RE/MAX Real Estate)

								
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