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Tips for Buyer by Neil Kirstine and Marlene Voisin
Agency: Be absolutely clear on who is working on your behalf. Confidentiality and privacy of your information is of utmost importance.
Protect Yourself: Sellers disclosures, Insurance clauses, Home Inspections are all there for your benefit.
Know Your Closing Cost: Avoid the surprise party on the day of closing. Know exactly what your legal fees, disbursements, taxes and adjustments will be.
Final Walk Through: The last chance you have to alert your lawyer if there is a problem.
Debris Clause: Love the home, but not the junk. Use a debris clause with a mandatory hold back of money to assure you are not the one going to the dump on the day of closing.
Educate Yourself to the Market: You should be able to tell your Realtor if it’s a good deal or not. Knowing what’s on the market is important, but knowing what sold comparable to the property your viewing is more important.
Inclusions: List brand names and serial numbers of appliances. Describe in detail the inclusions to make sure they are not substituted.
Closing Times: Be sure on the exact time you get possession of the home to avoid overlapping with the Seller’s movers.
The Best Rate: Negotiate hard with the bank. It can save you thousands over a five year period.
Get pre-approved: Have the upper hand when negotiating your Offer, especially if you are competing with other Offers, this way the Seller knows you can get the money.
Competing with other Offers: If you are competing it is probably because there is a perception of value to the property. Learn how to compete and win.
Negotiating the Offer: Make sure you are clear about negotiating the Offer. Great deals have been lost because of emotions or Buyers not seeing the value in the property. (Back to educating yourself)
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