Your Buyer Profile
We put special emphasis on our first conversation — our buyer’s consultation — to ensure we have an in-depth knowledge of what you need, what you don’t, and where you want to be.
Needs, Wants, Loves, Hates
Part of digging deeper and determining your next purchase is having an intimate understanding of you. It goes way beyond the basics, and it’s why buyers love working with us.
The Search Is On!
The process moves quickly, and so do we. Now that we’re on the hunt for your ideal home, we’ll share access to an amazing collaborative platform so you can see homes in real time.
Let’s Get Critical
As we make our way through each home, we’ll share what we know about the market, the neighbourhood, and the property we’re viewing. That way, you see every home from every angle.
Offering Our Guidance
Making an offer on a home is both a science and an art. We will ensure your offer makes the right impression and gets a seller’s attention even in a competitive market.
We are experts in offer negotiations, and we will work as your advocate throughout the entire process. If we can get the best deal, we’ll do it. That’s our advantage.
Been There, Answered That
Clients often ask us questions about the buying process, and we’re happy to help! Here’s what you should know before you buy:
You will want to budget between 3% and 4% of the purchase price of a resale home to cover closing costs. So, on a home that costs $400,000, your closing costs could run anywhere from $12,000 to $16,000.
Of course, these are estimates – the actual amount you will need could be higher or lower, depending on factors like where you live, the type of home you’re buying, or if its new construction.
Closing costs include; Legal fees, Land Transfer Tax, Home inspection, Appraisal, Title insurance, Property insurance, Mortgage Default insurance ( if downpayment is less than 20%)
Commission is paid by the Seller to both the listing agent and the cooperating (buyers) agent. Standard commission is 5% of the sale price, with 2.5% going to each of the two real estate representatives involved.
The downpayment required will vary based on purchase price.
For a home costing $500,000 or less, the minimum downpayment required is 5% of the purchase price.
For A home that costs between $500,000 – $999,999 the minimum down payment will be 5% of the first $500,000 of the purchase price, and 10% for the portion of the purchase price above $500,000.
For a home that costs $1,000,000 or more, the minimum downpayment is 20% of the purchase price.
It is important to consider that there are also additional factors that can influence your minimum down payment such as income, additional mortgage qualifications, use of the property and more.
To best understand what your down payment options are, we recommend speaking with a mortgage professional.
Your first step when purchasing a home should be to consult a mortgage broker and receive a pre- approval. Having a pre-approval allows us to strategically plan your home search, to ensure that we are working within your budget.
At abode we work with the number one mortgage brokerage 3 years in a row, ensuring that our clients have the very best financing options at their hands.