REAL ESTATE SERVICES
A HOME
BUY
Navigating a real estate purchase is complex process. The internet has made it possible to do a lot of the legwork yourself, but there’s no substitute for an experienced professional. An expert negotiator who knows the market can save you time, money and heartache by helping you make the right offer, playing hardball when necessary and staying on top of the process.
In our fast paced real estate market, timing is everything. The Shimi Group offers e-alerts for hot listings and get notifications of new listings instantly, daily or weekly. Ensuring you never miss out on an opportunity. They respond to text and calls quickly, even after traditional business hours. The Shimi Group will help your offer stand out and with the use of their electronic signing technology, you don’t have to worry about unnecessary delays.
There is a lot that goes on behind the scenes during a real estate transaction and it is in your best interest to work with an agent that truly cares and has the experience and insight needed to help you achieve your goals and also someone who knows how to find off market opportunities for you as well.
HOME BUYING TIPS
What is the First Step of the Home Buying Process?
If you plan to finance your home purchase, the initial step is obtaining pre-approval for a mortgage. This quick process shows that you're a serious buyer to both your real estate agent and the seller. A pre-approval might be necessary before you can view homes or make an offer.
Knowing your pre-approval amount helps you focus your search on homes within your budget, preventing disappointment from considering properties you can't afford. Your lender will outline the financial requirements, including down payment and closing costs, and assist with any credit issues.
I Already Own a Home. Can I Sell and Buy a Home at the Same Time?
Yes, using the equity from your current home for the next purchase is possible but requires careful coordination. Our team frequently handles “back-to-back” closings, ensuring all contingencies are met promptly. Constant communication and organization are essential, and your real estate agent will guide you through this complex process.
Why Should I Buy a Home Instead of Renting?
Buying a home is often more cost-effective than renting. Homeownership allows you to invest in your future, while renting benefits your landlord. Financial perks of owning include tax deductions and building equity. Additionally, low down payment and grant options are available for buyers.
I Have My Pre-Approval, What’s Next?
Congratulations! We would be honoured to assist you in finding your new home. We will schedule a meeting to discuss your needs and create a personalized e-alert system to notify you of suitable listings. We also have access to off-market opportunities. Our team prioritizes quick response times and flexibility to schedule showings around your availability.
I Found the Perfect Home, Now What?
Once you've found your ideal home, timing is crucial. Our team uses advanced technology to prepare and submit your offer quickly, utilizing digital signatures to avoid delays. We provide a detailed market analysis to ensure a fair offer and develop a strategy to make your offer stand out in competitive situations.
What is an Earnest Deposit?
An earnest deposit demonstrates your serious intent to purchase a home. Typically, it's about 5% of the purchase price and is due within 48 hours of going under contract. This deposit, usually held by the listing brokerage, is credited back at closing. If the deal falls through due to contingencies, you usually get your deposit back.
Should I Get a Home Inspection?
Yes, once your offer is accepted, you usually have a 5-day inspection period to conduct due diligence. This includes hiring a home inspector to check for any issues. Inspections typically cost between $400 and $700, depending on the home's size and features.
How Quickly Can I Get the Keys?
Typical closing periods range from 30 to 60 days, allowing time for property investigations, loan processing, and appraisal.
What is an Appraisal?
An appraisal determines the market value of the property and influences the amount your mortgage lender will approve. Conducted by a licensed, third-party appraiser, it ensures the valuation is fair and unbiased. The lender usually orders the appraisal, but the borrower pays for it.
How Much Do I Have to Pay a Realtor to Help Me Buy a House?
In most cases, home buyers pay no fees to their Realtor. Typically, the seller covers the Realtor fees for both the buyer’s and seller’s agents.
Do I Need a Realtor When Buying a Brand-New Home?
Yes, having a Realtor is crucial even when buying a new home. The Sales Consultants work for the builder, not you. An experienced Realtor ensures your interests are protected and can help you save money.