Real Estate Agent
By far the most important person in the whole process. The real estate agent’s job is to provide you with all the necessary information that you require related to the area you have chosen. They will also write down an Offer of Purchase for you and negotiate and bargain on your behalf for the best possible price for the selected home. They will also arrange the home inspection and help save your time. You can ask them different questions about the charges and all other things that need to be considered when buying a home.
Even if you are planning to go through mortgage pre-approval, you have to talk to a mortgage broker. A good lender will help through the entire purchase process and even after that. It is the lender’s job to make sure that you are able to make timely payments and if you have any issue meeting the deadline you should go and talk to them. Mortgage is provided by many different companies including banks, credit unions, trust companies, pension funds and finance and insurance companies. Look around and see which lender would best suit your needs.
It is important that you get a home inspection done by a qualified professional for any property that you are thinking of buying. The home inspector will let you know if there are any faults in the construction or installation of different items around the house. He will also let you know where repairs are required and he might also be able to identify if there were any problems with the home in the past.
You might not be aware but lawyers play a very important role in the home buying process. The lawyer will make sure that your interests are protects and that the house you are planning to buy does not have any statutory or building charges or liens. The lawyer will review all disclosure contracts before you sign the papers. It is important that the lawyer you hire is familiar with real estate law and is licensed to carry out the paper work.
Your home and your mortgage will require insurance. Your lender will insist that you get property insurance at all costs. This is because your property is their security against the loan that they provide you. A mortgage life insurance will help you and your family through tough times. Be sure that you compare rates before you hire an insurance broker.
To able to buy your dream home and retain the right to own it, it is important that you have all the professional help when you buy real estate in Ottawa. At Bennett Property Shop, we will help you compile the best team of professionals.