Bob Bunker Group

Finding the perfect home takes time. It can be both exciting and overwhelming.

That’s why we take care in helping our clients through the entire process, from beginning to end. We sit down with every client to understand their needs and wants, their desires and deal breakers. We take pride in listening and paying attention to those small details that are often overlooked.

Below are a few areas we walk through with you as our new client.

1. Your Requirements

Prior to starting the home search, we learn about your checklist.

Location

Where you live has an impact on your lifestyle and it’s also one of the most significant factors affecting the value of your home. Some important factors to consider are: commute to work, schools, family, neighbourhood, shopping and entertainment.

Budget

Consider how much you have to spend and, just as importantly, consider how much you want to spend. Note that purchasing a home includes numerous additional expenses above and beyond the list price.

Features

Is it important for you to have an ensuite bathroom, an attached garage, or a private backyard? Would you like a fireplace, a short commute, or maybe minimal work? Once you decide which features you would like, then it’s time to prioritize the list.

Type of Home

What type of property would you like to live in? A single-family detached home is desirable to many because it typically provides more living space and land. Alternatively, a condominium may be a more appropriate choice, since condos offer low-maintenance living. It is important to determine what type of home best suits your budget and desired lifestyle.

Deal Breakers

We get a thorough understanding of what you do want and what you absolutely do not want. Are schools of the utmost importance to you? Or living on a quiet street? You can be assured that if those are your deal breakers, we will not send you properties that are in low ranking school districts or on one of the busiest streets in the city. We pay attention to detail. It’s one of the things that sets us apart from the rest.


2. Helping you Search for your New Home

We help you by using a variety of tools to identify properties that meet your requirements. One such tool is the local Board’s MLS® (Multiple Listing Service®) System. MLS can be searched for listings that best match your requirements such as location and budget. Often times, homes come up on our system well in advance of them appearing on Realtor.ca.

Our extensive client list and relationships with other realtors in the area allow us to be at the forefront of new properties coming on the market.


3. Viewing Properties

We limit your work by pre-screening all properties prior to you viewing them. We ensure they meet all of your criteria and, at times, suggest ones that may deliver a feature you may not have thought of but would find beneficial. We also help walk you through some of those other home details that you may not be as familiar with: wiring, power outlets, heating, foundation and roof maintenance, windows, plumbing, etc. We highly recommend home inspections which can provide an assessment of the technical aspects of a property. We have reputable professional home inspectors we can recommend.


4. Making an Offer

When we’ve helped you find the perfect property, we provide you with valuable market information, expertise and advice, and will assist you by drafting the offer. We take the time to walk you through the entire agreement, clause by clause. We acknowledge that most people don't buy properties every day and we take pride in carefully walking you through each step.

We get a thorough understanding of what is to be included in the offer, such as: the price you are willing to pay, expiration of the offer, a closing date for the purchase of the home and conditions for the purchase. Some commonly included conditions are:

  • Financing, which states you will be able to get a mortgage;
  • Selling your current home;
  • Survey provided by the seller that shows there are no encroachments on the property;
  • Title of the property being owned by the seller (your lawyer will confirm via a title search);
  • Home inspection by a qualified engineer; and
  • Inclusion and exclusion of any appliances and other items - basically, what stays and what goes.

A deposit is given along with an offer. A deposit of appropriate value will show your good faith to the seller.

We communicate the offer to the seller and/or the seller’s representative on your behalf. There may be more than one offer on the property, in which case we guide you through this process.


5. Acceptance of an Offer

Once your offer is accepted and all conditions are met, then the offer becomes binding on both sides. If either party then does not honour the agreement, they can be sued or lose the deposit. We ensure that you fully comprehend all the terms of the offer prior to signing.

Before the property can formally be handed over from the seller to the buyer, a few more things must be done. You will have to show proof of insurance to the institution that provided your mortgage. On or before closing day, the lawyers from both sides will arrange to transfer the property title from the seller to the buyer. The mortgage will be transferred to your lawyer's trust account and then to the seller. Your lawyer will bill you all additional expenses such as land transfer taxes or outstanding legal fees. Also be sure to check with your lawyer that everything is as stated in the offer-to-purchase.

Once this is complete and the keys are in your hands, then the home is yours!


6. Additional Costs

Purchasing a home is associated with some extra expenses, we’ve outlined some below:

  • Legal fees;
  • Real estate agent fees;
  • Appraisal fee;
  • Survey costs (if the seller didn’t have a current survey);
  • A high-ratio mortgage insurance premium;
  • An interest adjustment for the mortgage;
  • Reimbursement to seller for the unused portion of any prepaid property taxes or utility bills;
  • Land transfer tax in certain provinces; and/or
  • Mortgage broker's fee.