Self Represented House Purchase

I go to Sobey's and select my grocery purchase.   I fill my cart; wait in the self checkout line, bag my own groceries, pay by card and leave.  Where was my discount?

Who started this SELF REPRESENTED Nonsense... I filled my own shopping cart at STAPLES. Now you do the paperwork but I want CASH BACK?

Try that at your Bank for a mortgage! You're doing your own appraisal? How about the dentist? Your own fillings?  When you are closing a real estate transaction; tell your lawyer you will handling FAXING and Delivering documents yourself to save on courier fees.  No, I don't want anything explained; because "We know it all! We read it online."

The people with the highest interest in the outcome of the checkout process are the very same people that self-checkout puts in charge: me! How could it not work? It's the perfect alignment of self-interest.  Of course you will be fair and want to pay market value.  Its the Perfect Storm

#BREAKING NEWS FLASH
The Seller pays the Buyers Agent for procuring an offer. Thats COMMON LAW. Sellers clear all charges and debts related to the sale of the property. That's COMMON LAW.  If you are trading in real estate and think you are capable of receiving NO service from me, whatsoever, thats fine.  

BUT...

Are you biblical?  You cannot serve two masters  - Matthew 6:24

I have a contractual obligation and agency relationship with a home owner to procure offers for sale on their property.   NOT switch sides and work to get you the best deal.

It costs you [The Buyer] nothing ... To Give me a try. Call me or http://Bit.Ly/GetDave

Avoid First Time Buyer disappointments

With so much information available online IF a buyer takes a moment to inform themselves or Let's ask a few First Time Buyer Questions;

• Are you prequalified for a Mortgage   How much can we spend?
• Have you investigated a Home Inspector or will Uncle Bob suffice
• Do you have a lawyer to close your transaction?
• Have you selected a professional REALTOR who can answer your questions and guide you through all the steps in your transaction
• Yes. Buyers Agency Is Required
• Who is Responsible?   I am 

There is no side step, no shuffle, no bouncing; No Mississippi Two Step; I co-ordinate everything and attend your closing. I deliver your keys.

Buying a home means bouncing between three professionals — realtor, banker and lawyer — whose efforts you’re responsible for coordinating. It helps if you understand what’s going on. Often we didn’t, instead counting on the person we were dealing with to prompt us on the next step.http://www.moneyville.ca/article/1164241--first-time-toronto-homebuyers-share-their-lessons

So what do you need explained?

A complete worksheet is provided for you, so that you have absolute clarity in your home purchase and the required expenses (plus applicable taxes) House Closing Cost Calculator This displays monthly operating costs based on the various down payments that most people select.
House Closing Costs Toronto

Additional Calculators that I always use in the course of our relationship are the First Time Buyers Rebate Calculator provided by Stanley Gelman QC   This simple tool deals with situations where one partner has owned before while the other may qualify for a First Time Buyers Rebates.

Try for yourself;  Actual Legal Closing Fees plus Tax Rebate status.  LTT Rebate Calculator

When you are considering stepping into the Toronto real estate market,  think long term ownership, Do you have a firm grasp on the costs of ownership, whether its condo or a detached house?  Have things explained to your satisfaction. Ask the agent you are working with;  IF they will provide you an EASY OUT if we don't get along.   I will.  What about a Satisfaction Guarantee if you are unhappy with your home selection?

Websites like Buying in Toronto  have search fields by topic to assist you in your topic search.  Other sources are CMHC and the Canadian Real Estate Association.  I have workbooks available immediately if you would like. Fact Sheets, tool kits and resource video material is available to prepare you for your home purchase adventure.

Work with a full time REALTOR on your home purchase.  We are used to answering questions.

Buy with ZERO Down is alive and Well

With Marcy Berg Mortgages4Women.ca A mortgage Broker in Toronto, Can People Still get a Nothing Down Mortgage in Toronto?

Yes David, They Can! A no money down mortgage now, is actually a five percent down mortgage. What the lenders will do they will calculate your mortgage based on a five percent down payment and at the end of the day will give you five percent of the total mortgage back as a cash back at the time of closing.

So I actually need to come to the table with some money to do this...

Yes! You will need a little bit of money to cover the short fall, and your closing costs, and of course you will need to consider your deposits when making the offer on your purchase.

Is a variable or fixed rate option available to me?

No, No. Its Not. You have to take a five year closed or a seven year closed mortgage.

And there is a little bit of a catch there, that if you do leave the mortgage before the end of that term you will have to pay back a portion of that mortgage that the lender gave you at closing.

Marcy Berg is a mortgage broker in Toronto and available at Mortgages 4 Women Dot CA.

If you are interested in this ZERO down Payment program for your Toronto or Mississauga home purchase give me a call now at 647 218 2414