Property & Home Buyers
Buying a Property
Buying a property is one of the largest financial transactions you will make in your life, so there are many important questions and decisions to make when purchasing a property. As a Real Estate Broker with Century 21 First Canadian Corp., Brokerage, Austin D. Titus goes beyond the transaction and will be there with you every step of the way. From the initial consultation, Austin D. Titus will gather an in-depth understanding of your needs, wants, and goals in real estate. Whether you’re searching for your first home, upsizing, downsizing, or looking for an investment to build your real estate portfolio.
Based out of London, Ontario, Austin D. Titus focuses his clientele on South Western Ontario, servicing areas such as St. Thomas, Stratford, Mount Brydges, Strathroy, Komoka, Kilworth, Ilderton, Lucan and more! With a large referral network, Austin D. Titus is able to connect you with a local partner in markets outside of his expertise to ensure you receive top level service and client experience.
Each of Austin’s clients receives top-notch service from the start. If you’re buying, Austin D. Titus can enhance your search process by helping you uncover what you may not have considered and also ensure you’re making the most educated decision. Whether it is schools, lifestyle, or the investment value of the property, we look at both the pros and cons of each property we visit. Using Austin’s property search tools, you will be able to find the home that best meets your needs. Finally, with the knowledge of the market, power of Century 21, real estate expertise and negotiating skills, Austin D. Titus will help you get the best possible deal and handle all the critical details.
With Austin’s network of professionals, you will always know you’re in good hands from start until finish of the transaction. Austin D. Titus prides himself on staying connected for years to come, once a client always a client.
A sum of money is deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the Seller, the deposit is typically due within 24 hours of acceptance of an offer. This is then applied to the purchase price on the closing date.
In every offer, you will discuss the conditions in which you’re placing that offer. These can sometimes include a condition to obtain a mortgage for the amount of the offer, an inspection of the property, or obtaining insurance.
This is the date that the property title and funds exchange hands / your mortgage begins. This is negotiated in the agreement of purchase and the Seller usually states their preference. Keys are often exchanged at your lawyer’s office in the late afternoon.
When purchasing a home, a Real Estate Broker will provide you with options of how they can protect your interests. In most cases, this means providing expert advice, protecting your investment, gathering information, and assisting with day to day viewing of properties.
Often when purchasing a property, your mortgage company will request an evaluation to confirm that you paid fair market value for the property. This is known as an appraisal and should be accounted for when making an offer. In most cases, this cost is passed on to the buyer.
Obtaining your mortgage loan maximum of purchasing a property. This is calculated by the amount of income, debts, expenses, and net worth of an individual. Often times a mortgage specialist or mortgage broker will complete your approval and provide a maximum amount.
When purchasing a property, most rely on a loan to pay for the property over a period of time, this is called a mortgage. The mortgage company will use your property as a security for the loan should you fail to make payments, otherwise known as a foreclosure.
This is the date at which the lawyers have to determine if there are any outstanding work orders, unpaid taxes, ownership, deficiencies related to title, and liens on the property. Lawyers typically complete this two weeks before the closing date.