Now that you know what you can afford, identify and prioritize the features you want in your new home. Once you’ve created your list, don’t forget to register for our Buyer’s Instant Notification System.
Now that you know what you can afford, identify and prioritize the features you want in your new home. Once you’ve created your list, don’t forget to register for our Buyer’s Instant Notification System.
Get pre-qualified for a mortgage. You need to work with your mortgage banker or mortgage broker and provide your income, total of savings, RRSP, and any investments you have. They’ll review your information give you a rough estimate of how much they can lend you.
Choose an experienced realtor that you can trust with your Edmonton area real estate needs and who represents your best interests. Learn more about the role of the “Buyer Sales Representative”.
Focus on viewing homes in the Edmonton area that meet your criteria (price, location and features). This will save you time and energy. Ensure you provide us with your criteria so we can be as effective as possible. Learn more about the criteria you should look at.
When you find your dream home, you should present a competitive offer immediately. Nooran will work with you in developing an offer price based on recent sales of similar homes in the same neighbourhood.
When an offer is made it is usually made with conditions (ranging from conducting a final inspection, condo documents review to financing) and is known as a conditional offer. Learn more about common conditions. These conditions are known as “contingencies.”
Homeowners insurance is normally only necessary if you have a mortgage, but even if you don’t have a mortgage, home insurance is still crucial for safeguarding your investment.
Your lawyer will now prepare the closing documents. Congratulations! Now that the condition(s) of sale have been met, the property is considered sold FIRM.