|$$$...it's all about $$$|
The buying process is quite straight-forward...
- Search for a house (with or without a Real-Estate Agent). Real-Estate Agent to sort out appointments for you;
- Get a Licensed Housing Inspector to check the house for you (provides you with a report on what needs to be fixed in a house). Real-Estate Agent can help identify one for you;
If you will go ahead with a specific house:
- Get a bank's Pre-Authorization on a loan that covers the house's selling price. MAKE SURE YOU SHOP FOR MORTGAGES (loans), as they differ from one entity or bank to another (check banks websites for rates and offers). I’d go for big banks (safer I think???);
- Give in a proposal (with conditions if you want certain things to be fixed or left for you to use...etc). Real-Estate Agent can help;
- After all formalities (usually a few proposals and counter proposals will take place before you get the seller to sign on the final proposal).
- Get final loan (mortgage) approval from bank;
- Agree on a specific Notary with Seller (where you and the seller will sign the contract). Again, Real-Estate Agent can help;
- Notary will call you a few days before Contract signing to meet up and sign a few papers (and checks).
- Meet at Notary and sign Contract. You might be asked to settle a few bills that the seller had paid for yet you will be benefiting from;
- 10 to 20 days later, you’ll get your contract papers via mail
- Plan your move… check for moving companies for rates, and try to avoid moving the 1st 2 weeks of July as those are the peak weeks.