Buyer Tips

Choosing the Right Realtor
Choosing the right realtor is a crucial first step in the home buying process. At CENTURY 21
Northern Choice Realty Ltd. you are guaranteed to find a real estate professional who is trained and
committed to answering all of your real estate questions, and who will provide the highest quality
service and advice available.

The CENTURY 21 Customized Home Search System offers exclusive marketing tools to provide you with superior service when purchasing your home including:                                                                                                    

Global Referral Network
The CENTURY 21 Buyer Service Pledge®
CENTURY 21 Recreational Properties®
CENTURY 21 Fine Homes and Estates®
CENTURY 21 Internet Marketing Programs
CENTURY 21 real estate professionals provide comprehensive services that take the anxiety out of buying a home and give you the peace of mind you deserve.

How Much Can You Afford?
Purchasing a new home is one of life's most exciting but challenging experiences. The more
prepared and organized you are, the less overwhelming this process will be. Knowing what you
can afford at the onset of the home buying process can save you time by keeping your search in a
realistic price range.
Give yourself the edge that you need with a pre-approved mortgage. Already having your
financing options in place, knowing your monthly payment and holding your interest rate can take
much of the anxiety out of the home buying process so that you may concentrate on finding the
perfect home.

What Type of Down Payment Will You Need?
Although buyers can now purchase a home with as little as 0% down, any mortgage with a loanto-
value of more than 75% will need to have Mortgage Default Insurance in place.
Arrange for a Home Inspection
Purchasing a home will be one of the most significant financial commitments that you will make.
Along with the consideration of price, size, location and floor plan of the home, you must also
consider the soundness of the home.
Arranging for a home inspection will help you to determine the mechanical and structural stability
of your home. The home inspector will be able to outline any repairs that may be needed and what
you can reasonably anticipate in the way of costs.

 One more way that I will take the anxiety out of buying a home.

Do you know how much money will be needed in order to close your deal? Besides the basic purchase price, buyers face legal fees (plus GST) and disbursements (plus GST), which are the out-of pocket expenses a lawyer/notary incurs. Then there are closing adjustments with the seller - taxes, rental income, condominium maintenance, and some utility charges. And don't forget about the costs of arranging a new mortgage which can include application and appraisal fees. For a resale home, these "extras" can easily add 1½% to 2% onto the basic purchase price.

Do you know what needs to be done after the deal is closed? Once your offer has been accepted the work has just begun. Future steps include arranging for monthly mortgage payments and property taxes, finding the right insurance coverage, transferring your utilities and arranging for your move, among others.

Avoid any surprises by having me guide you through the necessary steps. Rely on my expert advice to keep you informed and prepared. It's just one more way that I take the anxiety out of buying a home.


Bill Scribilo

Bill Scribilo

CENTURY 21 Northern Choice Realty Ltd., Brokerage*
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