The Government of Canada and the Canadian Real Estate Association have recently published a Homebuyers' Road Map Guide to assist Buyers with one of their most important life decisions - buying property. Below is an outline of sections included:
< Open link to view the Government of Canada's Homebuyers' Road Map Guide >
(*) Various ways how REALTORS® help Buyers through the buying process
(1). Assess Financial Readiness (lender requirements; prequalification process; and the importance of your credit rating)
(2). Consider Mortgage Options (types and features of mortgage that are best; flexibility as to how often mortgage payments can be made; types of mortgage charges; and amount of money needed for a downpayment)
(3). Mortgage Default Insurance (i.e. purchasing with under 20% downpayment)
(4). Government Programs (First-Time Home Buyers' Tax Credit; Home Buyers' Plan; and CMHC Green Home Program)
(5). Finding a Home (where you want to live; type and characteristics of home you prefer; and types of ownership - houses vs. condos, etc.)
(6). Making an Offer (offer considerations; deposit; and Buyer identification)
(7). Closing and Related Costs (legal costs, home inspection, etc. - 'Alberta Advantage' note: land transfer tax is not applicable in Alberta)
[The Government of Canada's Homebuyers' Road Map Guide is being provided courtesy of Kelly Grant, M.Eng., ABR, NCSO, P.Eng. - REALTOR® at MaxWell POLARIS in Edmonton, AB]
Disclaimer: for those readers not currently represented by another licensed REALTOR®, to obtain more information on this topic and / or if you will be selling or buying in the Greater Edmonton Area, call Kelly at 780-414-6100 (pager) or send Kelly an email to SOLD@KellyGrant.ca to schedule a confidential appointment.