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Steps to Buying a Home
1. Pre-Approved Financing
2. Hire a realtor
3. View Homes
4. Making an Offer- your realtor will help you make a sound decision, withconsideration of the market value and of course, your best interests. Offer will include a proposed purchase price and preferred possession date. Also, any conditions of sale; ie. Financing, home inspections. A refundable deposit cheque is required with an offer.
5. a) Accepted Offer. Once your offer is accepted the home moves into the Pending stage.
b) Finalizing of Any Conditions to Sale; ie. Mortgage and financing, home inspection, etc.
6. Removal of Conditions. If you are happy with the home inspections, your financing is approved, and any other conditions have met your expectations then it is now time to remove conditions and officially purchase the home.
7. Possession. Before being handed the key to your new home you will work with a lawyer to complete the title transfer and other important paper work. Move in!