How to improve work efficiency in the process of buying a house?
There are mainly two aspects of work to be done. The first is to make a plan to buy a house and define the purpose. For example, what kind of house you can buy according to your own economic situation; Another example is whether the school district is required to consider children going to school in addition to living. If you invest in buying (renting) a house, you should carefully examine the traffic and the area where the house is located. The second is to implement the plan to buy a house. Choose your own real estate agent. Choosing an experienced real estate agent will provide you with advice and thoughtful service from beginning to end and tell you how to buy a satisfactory house.
There are the following steps for your reference:
The first step: make a good budget for buying a house and choose a real estate agent that suits you.
Step 2: Look at the house and choose a house.
Step 3: Sign the house purchase contract (offer)
Step 4: After signing the house purchase contract (get the quotation)
Step 5: the end day.
Step 6: Change relevant information after delivery.
The first step: make a good budget for buying a house and choose a real estate agent that suits you.
financial budget
Prepare to buy a house and make financial arrangements for buying a house. Specifically, at what price can I buy a house? Everyone's situation is different. Individual families don't need bank loans, but most do. Need a bank loan, mainly considering two factors: down payment and family income. This not only determines the price of the house you can buy, but also determines the monthly payment and living expenses in the future.
Down payment for house purchase:
Banks and lending institutions in Toronto, Canada generally recommend that the down payment for buying a house should not be less than 20%. If it is less than 20%, you generally need to buy insurance. New immigrants generally need a down payment of 35%.
Bank loan: According to your down payment and income, ask several banks or loan brokers for the latest interest rate and loan consultation, so as to find a bank that can provide more favorable interest rates and better financial products. Then apply for a loan from the bank (this application is free). The bank will issue a pre-approval letter according to your down payment and income, indicating the loan amount and loan interest rate. The validity period is generally 90 to 120 days.
Choose a real estate agent
Find a trustworthy long-term cooperative real estate agent. Professional real estate agents give advice to customers, from housing loans to suggestions on how to use your budget reasonably, to suggestions on house inspection, house selection, signing house purchase agreements and future house maintenance, and provide you with a series of services. The buyer and the buyer's agent can sign an agency agreement. Because in Toronto, only real estate agents registered with the real estate bureau can show buyers the house.
Step 2: Look at the house and choose a house.
Looking for a house: after you pay the house price, you will start looking for a house that suits you. At this stage, you can cooperate closely with your agent and communicate fully. The broker will choose the most suitable house for you according to your housing requirements and comprehensive consideration. Including the area where the house is located (location! Position! Position! ); The structural type of the house and the state of the house (room type, room age); Surrounding living facilities, transportation, school, shopping, public security, community humanistic environment and natural environment and appreciation potential.
Step 3: Sign the house purchase contract (offer)
Drafting quotation: it is a very critical step to see how to sign the quotation for a satisfactory house. Because at this time, the buyer's agent will communicate with you and draft the quotation. In addition to the house price, there are strict terms, suggestions, and strive for your best interests.
How to maximize your own interests? (Because in the process of buying a house, there are often multiple buyers and customers grabbing bids at the same time). The buyer's agent will fully negotiate with the seller on behalf of you on the house price, terms, delivery date and so on. A professional buyer's agent will not only help you sign a house purchase contract, avoid unnecessary troubles, but also strive for the greatest benefit for you. At the same time, professional brokers can save you a lot of time and energy and help you settle down in the shortest time.
Step 4: After signing the house purchase contract (get the quotation)
The offer takes effect after the buyer and seller agree and sign for confirmation. After the contract comes into effect, the buyer needs to do the following:
Deposit: The buyer usually needs to go to the bank for a certified check or bank draft within 24 hours of quotation, and this agreement is signed by the buyer and the seller. The draft is sent directly by the seller's agent to the seller's real estate company. The amount of deposit in the purchase contract, the deposit is part of the down payment for the purchase.
If there are conditions when buying a house, the house inspection fails or the bank loan fails, or other conditions are not met, the deposit will be returned in full (no interest and no deduction).
House inspection: If there are conditions for house inspection in the house purchase contract, you can hire home inspector to inspect the house. If the house inspection is unqualified, the deposit paid will be refunded in full.
Mortgage: after the house inspection is passed and all conditions are met, you are sure to buy a house, take the house purchase contract and go to the bank to apply for a loan. If there is a bank's pre-approval letter stating the loan amount and loan interest rate before buying a house, you can handle it directly. If you didn't get the loan approval from the bank before buying a house, you can now find several banks or loan brokers, check the latest interest rates and consulting loans according to the purchase contract, and find a bank that can provide the best interest rate. After completing the loan, you should inform the lawyer of the contact information of your loan bank. (See the housing loan section of this website)
Lawyer: You can hire a lawyer before buying a house or after signing a house purchase contract. Buying a house in Canada requires lawyers to participate in the procedures of property right transfer, including property right investigation (whether the property has debts), house transfer and property right transfer registration. At the same time, provide lawyers with the contact information of the loan bank.
Home insurance: The property is mortgaged, and the bank requires that home insurance must be purchased. You can consult different insurance companies.
Step 5: the end day.
2-3 days before the delivery date, settlement can be handled, loan down payment and other expenses can be paid, and accounts receivable and payable of buyers and sellers can be adjusted. The lawyer will inform the buyer of the specific amount. And the buyer must personally go to the lawyer's building to sign all the documents, and all the buyers on the quotation need to personally go to the lawyer's building to sign. On the day of handover, the lawyer will inform you to get the property key. Generally, you will get the key from your lawyer's office from 3 pm to 6 pm on the closing day. Go through the handover procedures.
Step 6: Change relevant information after delivery.
Change related information: After the house is delivered, the buyer shall promptly notify relevant units and departments or companies to change the owner's name, telephone number, driver's license address, etc. You can change the door lock as needed and record the readings of water, electricity, gas and other instruments. Check the electrical appliances. If the buyer finds that there is something wrong with the electrical appliance, he can contact the broker and lawyer in time to solve it through consultation.
Live and work in peace and contentment: buying your own house for the first time and having your own comfortable and warm home!
But people's longing for a better life is always endless. Residential decoration and residential energy saving: home appliance renewal; Internet; Ip phone; HDTV TV programs and updating TV cables; Safety monitoring system; Increase power capacity and update wires and cables; Housing maintenance and rental, etc.
A list of expenses for buying a house.
In the process of buying a house, what are the expenses after you sign the purchase contract?
It is generally recommended that you prepare at least 65438+ 0.5-2% of the house price to ensure the transaction of the house. These expenses include:
House purchase deposit
The deposit is usually 5% of the house price. The buyer should pay the deposit to the seller in the form of cashier's check within 24 hours after the buyer and seller sign the house purchase contract, and the deposit is generally deposited into the trust account of the seller's real estate company or lawyer first.
House payment or down payment
Property buyers can pay the full amount according to their actual situation, or apply for a mortgage loan, pay the down payment by themselves, and pay the balance with a bank loan. Property buyers with loan intentions need to sign a house purchase contract, apply for loan pre-approval in the bank, and know the loan ability and the down payment amount they can raise before they know their own house purchase budget.
counsel fee
After the house sales contract comes into effect, the lawyer will handle the transfer related matters, and the handling fee is generally between 700- 1 000 yuan. The higher the house price, the more expensive the lawyer's fee. Property insurance is generally bought by lawyers and included in the lawyer's fee.
Housing insurance premium:
The annual premium is about 0.2% of the house price? 0.3%, the calculation of premium depends on the age of the house, the condition of the house, the area where the house is located, whether the house is occupied or rented, the coverage of the policy, and whether the owner has claimed in the past. If you need a loan to buy a house, all lending institutions will ask you to buy home insurance, especially fire insurance, which will take effect on the day of delivery, otherwise you won't get the loan money.
Bank evaluation fee (land survey fee)
Many banks require the market price evaluation of the property applying for loans, and the cost is about 300-400.
House inspection fee
The cost of using professional home inspector is generally between 300 and 500 dollars.
Goods and services tax
There is no GST in the sale of old houses, and G.ST is needed in the sale of new houses. Some houses include GST in their prices, while others do not. You must see it clearly.
Housing delivery adjustment fee
The local tax, water, electricity, gas and property management fees on the delivery date of the house shall be borne by the buyer, and the lawyer shall pay the above fees to the train seller, and the buyer shall return them to the seller on the delivery date.