Hunting for a Home By Genworth Canada
Looking for a home can be an intimidating task filled with many questions. What home do I buy and where? Who do I go to for help? And how do I know if I am making a good purchase? There’s no one “right way” to go about finding a home. But here are a few tips that may make the process a little easier and remove some of the anxiety associated with making what is, for most people, their largest single purchase in life. The first thing to do is determine how much you can afford and what type of home you want or need. This would include the size, number of bedrooms, location and special features such as a garage, fireplace, fence, dishwasher, hot tub etc. As a REALTOR®, I can show you homes in your desired neighbourhood that are in your price range and have the features you’re looking for. SHAWN VENASSE Sales Representative Toronto, ON License 4303152 The Elli Davis Team � Royal LePage Real Estate Services Ltd., Brokerage 55 St. Clair Avenue West Toronto, Ontario M4V 2Y7 Office: (416) 921-1112 Mobile: (416) 670-7042 Fax: (416) 921-7424 Toll Free: +1 (800) 622-9536 Email: shawn@ellidavis.com Website: www.shawnvenasse.com � Independently owned and operated. We have access to a wide variety of properties for sale and can connect you with other professionals you may need on your home-buying team, such as mortgage brokers or lenders, lawyers, and home inspectors. Working together, we can help you achieve your homeownership dreams.
You’ll also want to consider such things as proximity to schools, community centres and play and sports facilities, public transportation, hospitals, libraries and shopping areas and your workplace. These factors are important to you and your family. Finding a REALTOR® to handle your purchase is important. Talk to a few with different companies who know the area where you’re looking to buy. A real estate professional can show you homes in your price range in the areas you like that meet your particular needs and budget. I welcome the opportunity to work with you on your home purchase. With so many homes to choose from, how do you know if what you’re going to buy is good value and will be attractive to potential buyers in the years ahead, should you decide to move? Continued on reverse
Continued from front Continued from front and marketable title subject only to the encumbrances you have agreed to. If you don’t have or know of important a lawyer, your best referral source isand family or friends, through thethinking law society It’s very to inspect the structure grounds of theor home you’re of in your buying around neighborhood to be it’s an area where the youpurchase want to live. area. It’sand bestlook to get your the lawyer involved early in sure the process to review and sale agreement prior to signing.
Get a copy of the land survey from the seller to check the boundaries of the property to make Surveyor sure they–are clear of survey encumbrances and walk around the property yourself Property A property is undertaken to verify the property’s boundaries, to make sure there are no surprises. measurements and structures and identify any easements, rights of way or encroachments on your, adjacent insurance is and oftensee an the alternative to different a propertytimes survey. You’lloralso want properties. to tour theTitle neighborhood house at of the
day or on weekends to check traffic patterns and noise levels that could affect your
Home Inspector – A qualified inspector examines the plumbing, electrical work, appliances, decision to buy. furnace, air conditioners, roof and structural stability of your new home. This allows you to When you youvendor like, inspect yourselfascarefully for such things as structural address any find issuesa home with the prior toit closing, well as anticipate any repairs you may defects, signs of water damage, lack of water pressure, faulty plumbing or inadequate need in the future.
wiring. You may want to get an inspection done by a professional home inspector before you buy. A– professional uncover the problems you value wouldn’t notice. Appraiser The appraisermay determines home’sthat market based on its condition and the selling prices of similar homes in the area. You should ensure you have obtained an appraisal for A good inspector will check the house from the basement to the roof, including the your ownand protection. heating cooling systems, plumbing, walls, ceilings, insulation, electrical wiring,
foundation, ventilation, doors and windows, and septic and sewer systems.
Default Mortgage Insurer – Mortgage insurers protect lenders from a borrower defaulting on a mortgage at anywill time during the amortization period. By law, banks to An inspector determine if mortgage any repairs are necessary. If possible, planare to required go purchase default mortgage during insurance all mortgages down is less than 20 along with the inspector hison inspection. Youwhere couldthe pick up payment some valuable information that will help you in the future with the maintenance of your house. per cent of the property value. Mortgage insurance also lets people buy a home with little or no If youpayment don’t know anyget home inspectors, be as happy to refer youmortgages. to one from my down and still the same interestI’d rates for conventional Genworth network Canada of professional contacts. Financial is the largest private-sector supplier of mortgage insurance in Canada.
Some careful planning can help to ensure that you get a good-quality house that will
For more information, visit Genworth Financial Canada, The Homeownership Company at meet the needs of you and your family in an area you like for a price you can afford www.genworth.ca.
without any nasty surprises after you take possession.
For more information, visit Genworth Canada at www.genworth.ca.
Genworth Financial Mortgage Insurance Company Canada