Step 4: Craft an Initial Offer
- What are the differences between Terms and Conditions
- When will we need our deposit (s) and in what form
- How prior sales history and seller ownership data can influence negotiations
- Am I getting the best deal
- What help is there to work through all our conditions
- When is the deal firm
- What are competing, multiple and back-up offers
- What if the Seller is represented by the same Brokerage
- Apply for mortgage funds with known borrowing now in place
Step 5: Due Diligence
Means all the Conditions that you and your Agent team feels are necessary to protect your best interests moving through the Purchase process
- Property Inspections
- Lawyer review
- Appraisals
- Financing
- Joint Venture Financials and Obligations for Vacation Property
- Review of condominium documents
Step 6: Firm Sale
- Second deposit may be due
- Interim accommodations and/or storage of goods may be necessary
- Lawyer will need to be hired if not already
- Utilities need to be switched over from home to home
- Packing and moving arrangements made
- Meet with lawyer and ensure mortgage in place and cash to close is available
- Organize insurance either for a structure and contents or in the case of a condo, just the contents
- Set up property tax account and other obligations such as condo fee payment
Step 7: The Big Move
Plan ahead and yes, again make a checklist
- Label boxes as you pack and consider where that box will end up in the new home. Set aside items for disposal or sale
- Inform key contacts like Canada Post, your employer, doctors, dentists, CCRA for important address change
- Talk to friends, family about the move. If kids are involved then appointments may be needed at new schools
- Follow-up with lawyer after the sale to ensure you have all the transfer documents, understand them and place them in safe-keeping for future use
- Ask your CanmoreRealEstateTeam for ideas on how you can get quickly oriented to this fabulous community of the Bow Valley
When purchasing a home in Canmore/Banff, you are faced with a multitude of decisions!
For an in-depth consult on how we guide you every step of the way, contact Jim or Jordy today.