About Mehrnoush Hemmati
11 easy steps to buying a home
1/ GET PRE APPROVED FOR A MORTGAGE
This should be your first priority and it will determine your purchase price range.
2/ YOUR WISH LIST
To find your sanctuary, I need to know everything on your wish list. Number of bedrooms, bathrooms, school to the type of location you prefer.
3/ CHECK THE MARKET AND SEARCH
I will check the MLS (Multiple Listing service) for active listings in your desired area to find all the homes that meet your criteria.
4/ VIEWING PROPERTIES
I will make an appointment base on your schedule and as we look at properties together, I will discuss what you like or dislike about each one.
5/ MAKING AN OFFER
Once you have found a perfect home to purchase, I will do my best to negotiate on your behalf and work diligently to get the best possible price and term.
The seller may decline, counter or accept your offer. Here’s where my strong negotiation skills come into play and assist you to make the best offer possible.
7/ SUBJECT REMOVAL
There are mostly few subjects attached to your offer, such as financing, home inspection, title search and so on. I will guide you through the subject removal process. If there is a multiple offers I will help you to do the best bid.
8/ PAYING THE DEPOSIT
I will assist you on a deposit amount, which will be held in our brokerage trust account, upon final subject removal by the way of Bank Draft.
9/ LAWYER/ NOTARY PUBLIC
If you don’t have a legal professional I will recommend one to you to complete the title transfer of your new home.
10/ COMPLETION DAY
This is a final step to own your property. This is when full payment of fund takes place and you have full ownership of the property. you should have your home insurance effective as of this date
11/ POSSESSION DAY
It’s an exciting day and I will get the keys and you can move in. Make sure you book your moving company right after subject removal.
– Legal fees
-GST applies to new homes only
-PTT(Property transfer tax)
– Adjustment costs
During the mortgage pre-approval process YOU MUST NOT
-Change or quit your job.
-Use your credit cards excessively or let your accounts fall behind.
-Make a major purchase such as CAR, FURNITURE……
-Apply for any new credit.
– Change bank account
– Co-Sign a loan for anyone