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A BROKER WORKS FOR YOU

CLOSING PROCESS

Your Real Estate Broker guides you step-by-step through the closing process and ensures that everything flows together smoothly

CODE OF ETHICS

Your Real Estate Broker subscribes to a strict Code of Ethics and is expected to maintain a higher level of knowledge of the process of buying real estate

NEGOTIATIONS

Your Real Estate Agent negotiates on your behalf to attain the best terms possible

PROPERTY SELECTION

Your Real Estate Broker assists you in the selection process by providing you a full list of properties that match your criteria and then providing objective info on each to help narrow down the choices

Q + A

DO I PAY FOR MY REAL ESTATE AGENT'S FEES?

Your Real Estate Broker gets paid by the Seller of the property. Buyer's typically do not pay any real estate commissions

SHOULD I BUY OR RENT?

Real Estate properties are investments that can be sold at a later date and often at a considerable return. When renting you are helping to pay off the Landlord's mortgage

WHAT CAN I AFFORD TO SPEND?

Conrad Rygier can connect you with knowledgable Morgage Agents who can walk you through the mortgage process, and start the pre approval. What you can afford depends on:

  • gross household income

  • down payment

  • mortgage interest rate

  • current monthly expenses

ARE THERE ANY ADDITIONAL COSTS OR EXPENSES?

The City of Toronto charges property tax based on the evaluated property value. Your mortgage agent can give you all the details.

 

 
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Buy A House

in the Cincinnati area.

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PURCHASE PROCESS

  1. Contact Patrick, who can help you connect with a mortgage agent to get pre-approved and to find out what you can afford to spend.

  2. Inform Patrick of your budget and housing needs. With this info, he will find applicable listings and provide them to you to look over and begin setting up showings.

  3. Once the right property is found, an offer to purchase is written up, presented and negotiated. If accepted, any conditions need to be met and waived or resolved within the allotted time.

  4. Prior to the closing date (also typically the date of possession), the Title agency will review the agreement, ensure the title is clear and all taxes and utilities are setup and paid.

  5. On closing day the Buyer will pick up the keys at the title agent's or realtor’s office.


GLOSSARY OF TERMS

HOME INSPECTION

is recommended when determining the condition of the property and relay any areas of concern. Typically costs between $350-$500.

INSURANCE - (PMI)MORTGAGE LOAN

(optional) If a Buyer cannot afford to put down 20% of the purchase price. Premiums vary.

INSURANCE - PROPERTY

mortgage lenders require the property be insured on closing

TITLE AGENCY FEES AND DISBURSEMENTS

Upon closing the title agency fees are due. Contact your lawyer for full details. Typically costs $700-$1500.

LENDER APPRAISAL FEE

your mortgage lender may request to appraise the property. Costs typically $250-$350 (may be waived.)

DEPOSIT

acts as a security and often accompanies an offer to purchase. Typically 5% of purchase price.

DETERMINE NEEDS

Location is typically of utmost importance, especially for resale purposes. Current and future needs should be considered.

size

  • # of bedrooms

  • # of bathrooms

  • parking

  • rental potential

  • renovations

  • etc.

DOWN PAYMENT

the remaining balance of the purchase price (minus deposit and mortgage amount) i.e. personal savings.