SMART HOME BUYER'S GUIDE


The CENTURY 21® team and your REALTOR® are committed to helping you acquire the property that’s right for you. We deliver the gold standard - you can expect extensive market knowledge, proven real estate marketing savvy, and strong negotiations skills. We offer a full-service program to develop a customized program that reflects your personal needs.

  • Buyer Information Session

At this meeting, we will perform a detailed needs assessment to learn what is important to you throughout the home buying process.
  • Buyer Agency Alternatives

We will discuss alternatives for agency representation that are available to you, and your representations of your customer interests in the different agency relationships
  • Buyer Representation Agreement

We will present and explain to you the buyer representation agreement and the special services and benefits it offers.
  • Home Buying Process

We will explain the entire home buying process to you in advance and guide you through every step along the way. This step ensures all your questions are answered so that when you find the 'right' home you are prepared to make an informed decision.
  • Financial Pre-approval

We will offer to arrange a pre-qualification or pre- approval appointment with a reputable lender/broke to identify your range of affordability (comfortability), discuss what mortgage products are available to you and to increase your negotiating strength

Informed Consent

Real estate professionals have a regulatory requirement to provide consumers with information regarding their agency relationship with themselves. This information explains the different relationships you can have with a real estate professional to buy, sell or lease a property. Before consumers receive advice and disclose confidential information regarding a real estate transaction, consumers need to understand what type of business relationship they will have with an agent. Below is a video that explains your relationship with a real estate professional:

Disclosure of Representation in Trading Services Form



Disclosure of Risks to Unrepresented Parties Form



Once we are all on the same page and decide the best path forward, our CENTURY 21® Realtor can guide you through the process of finding the best home for your needs.

  • C21 Network

With more than 118,000 network members worldwide we are connected! We will use our network of contacts to help find your property. Our goal is to show you properties, when possible as they debut or before they hit the market.
  • Property Showing

We will show you properties that meet the search criteria (and with your permission we will show you some options you may not have thought about) and offer a unbiased view of each property.
  • Property Evaluation

We will discuss the features of each property that may affect its value and future resale.

MINIMIZE STRESS

Keeping track of all the small (and big) details when buying a home can be stressful. CENTURY 21 Realtors have the training and experience to make sure nothing falls through the cracks including:

  • Property Inspections
We will recommend that you obtain a professional property inspection to address basic construction issues of the home, including electrical, insulation and heating.

  • Property Disclosure
We will review with you all inspections reports and other documents pertaining to the condition of the property, and answer all questions regarding physical defects of the property which are known to us.

  • Review of Written Seller's Disclosure
We will thoroughly review with you any seller's written disclosure statement to enable you to accept or specify the remedy for each fault disclosed. Remedies for any disclosed faults should/could be addressed in the offer to purchase.
 
  • Appraisal Contingency/Conditions
We will explain to you the options of adding an appraisal condition to your offer to purchase.

  • Home Warranty
We will explain to you the option of a home warranty (if available) plan to reduce your risk of incurring repair costs after purchasing a property.

  • Estimate of Funds Required
We will provide you with a preliminary estimate of closing costs and down payment requirement anticipated in the transaction.

  • Offer Preparation
We will prepare a written offer on the property you choose to purchase, with terms and conditions approved by you.

  • Negotiation Strategy
A key role in any purchase, we're effective negotiators who will work hard to get the best price for you.

  • Offer Presentations
We will endeavour to present your purchase offer directly to the seller, where appropriate, in the presence of the listing representative.

  • Walk Through
We will accompany you on the thorough walk- through of the property (if one is provided for the in the sales contract) before closing and we will assist you in dealing with any problems discovered during the walk-through.

  • Closing the Sale
We will monitor and inform you of the progress of the purchase agreement, including the satisfaction of all contingencies and condition during the entire transaction.

  • After Sale Service
We will contact your after the closing to follow up on remaining details or service needs.

  • Service Satisfaction Survey
We will provide you with a confidential opportunity to give an evaluation of our services.

  • Follow up service
From time to time we may contact you with information pertinent to your purchase or the real estate market in general. Please feel free to contact your Realtor should you have any questions regarding your property or those in your neighbourhood.







HOME BUYING GLOSSARY


AMORTIZATION PERIOD
The number of years it takes to repay the entire amount of the financing based on a set of fixed payment.
APPRAISAL
The process of determining the market value of a property.
CLOSED MORTGAGE
A mortgage that cannot be prepaid or renegotiated for a set period of time without penalties.
CLOSING DATE
The date on which the new owner takes possession of the property and the sale becomes final.
COLLATERAL
An asset, such as term deposit, Canada Savings Bond, or automobile, that you offer as security for a loan.
DEPOSIT
A sum of money deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the vendor (seller), the deposit is held in trust by the listing real estate broker, lawyer, or notary until the closing of the sale, at which point it is given to the vendor.
EQUITY
The difference between the market value of the property and any outstanding mortgages registered against the property. This difference belongs to the owner of that property.
MORTGAGE
A mortgage is a loan that uses a piece of real estate as a security. Once that loan is paid-off, the lender provides a discharge for that mortgage.
TERM
The period of time the financing agreement covers. The terms available are: 6 month, 1,2,3,4,5,6,7,10 year terms, and the interest rates will be fixed for whatever term one chooses.




Buy Smart with CENTURY 21

Buying your first home is one of the biggest decisions you'll make, and it is likely that purchasing a home is the first major financial decision you've had so far. CENTURY 21® Horizon West is here to help every step of the way. You can feel at ease that our team will help get you into your first home with as few bumps as possible, and you can be confident that any question about properties for sale or any real estate queries, you can be sure you are getting the most accurate and up-to-date answers in the Similkameen Valley.

Common Home-Buying Questions:


What is my budget?

Not everyone can start off with their dream home. Browse our real estate listings, make a list of needs and wants and see which houses suits your family’s current lifestyle and needs. Then check out our mortgage calculator which will provide an estimate based on your income, expenses and interest rates. While the mortgage calculator isn’t a guarantee, it may help you get started so you may begin looking at potential homes.

It is recommended you get pre-approved before doing any serious shopping, especially when it comes to properties for sale in Princeton. Working with a lender will help determine exactly what you can afford. Lenders consider your income, debts, employment history, and credit history among others. Getting pre-approved will also help speed up the process for when you do find your dream home.

What is pre-approval and why should I do it?

Pre-approval is the best first step towards buying a new home. It is a process done by a mortgage lender or your bank, and is based upon bank statements, tax returns, employment records and more. It often doesn’t take very long, and in the end it gives you an accurate price-range of what you can afford. It also helps move the home-buying process along, due to the fact that most of the background-checking has been already done, and as it makes you look more serious about buying a house to Sellers, pre-approval will often give you an edge on houses with multiple offers.

What kind of fees are involved in buying a home?

As with most things in life, additional fees will arise as part of the purchase of your home. Lawyer fees, REALTOR® fees, broker and bank fees along with property transfer tax and HST/GST. Talk to your REALTOR® about these fees to keep any surprises at bay, and make sure to keep a few dollars aside so your buying process isn't halted by any sudden expenses.


How We Can Help:


Choosing CENTURY 21® as your trusted REALTOR®

An experienced agent can help you navigate the homes for sale in Princeton and keep your journey as easy as possible. REALTORS® use their extensive knowledge in not only the process of buying a home, but their familiarity with the community, schools, parks, tax rates, and the like. Working with our REALTORS® is like working with a friend, you can dip into their well of knowledge and ask questions knowing you'll get honest answers, allowing you to be confident through this exciting chapter in your life.

Future Resale Potential

Houses are some of the biggest investments you can make. If you are buying a home, you may be thinking of eventually upgrading to keep up with your growing family, or maybe down-sizing as your kids begin to leave the nest. Your REALTOR® can help you know what the future resale value may be on the house you have your eye on, this local knowledge is extremely valuable as the house may have qualities that seem perfect to you but are a hard sell to other Buyers.

Problematic Paperwork

No one likes paperwork, and the process of purchasing a home can quickly become unmanageable. Our REALTORS® have been thoroughly trained and are there to help you through the piles of documents needed when Buying or Selling a home. All you have to do is sign your name, and thanks to our tech-forward approach, we can even email you the document so you can sign at your convenience.

Locals Who Know the Area

Our REALTORS® are passionate about the area, we know the in’s and out’s of the town and surrounding areas and are more then happy to apply our knowledge to the Buying process. Have questions about upcoming lots for sale? Are you wondering about schools and bus stops? Nearby trails, lakes, or campsites? You can ask your REALTOR® anything and you can be assured you’ll get the honest truth.

Hiring a Home Inspector

Hiring a home inspector is highly recommended, the few hundred you spend on an inspection means you might just save yourself from an extreme problem that could cost you thousands in the near-future. And if the report comes back positive, you have peace of mind in knowing that your house will be a safe and secure investment. Your REALTOR® can help you find a trusted home inspector if this is an option you'd like to pursue.


Common Home-Buying Questions:



What is my budget?

Not everyone can start off with their dream home. Browse our real estate listings, make a list of needs and wants and see which houses suits your family’s current lifestyle and needs. Then check out our mortgage calculator which will provide an estimate based on your income, expenses and interest rates. While the mortgage calculator isn’t a guarantee, it may help you get started so you may begin looking at potential homes.

It is recommended you get pre-approved before doing any serious shopping, especially when it comes to properties for sale in Princeton. Working with a lender will help determine exactly what you can afford. Lenders consider your income, debts, employment history, and credit history among others. Getting pre-approved will also help speed up the process for when you do find your dream home.

What is pre-approval and why should I do it?

Pre-approval is the best first step towards buying a new home. It is a process done by a mortgage lender or your bank, and is based upon bank statements, tax returns, employment records and more. It often doesn’t take very long, and in the end it gives you an accurate price-range of what you can afford. It also helps move the home-buying process along, due to the fact that most of the background-checking has been already done, and as it makes you look more serious about buying a house to Sellers, pre-approval will often give you an edge on houses with multiple offers.

What kind of fees are involved in buying a home?

As with most things in life, additional fees will arise as part of the purchase of your home. Lawyer fees, REALTOR® fees, broker and bank fees along with property transfer tax and HST/GST, inspection fees, home insurance, etc. Talk to your REALTOR® about these fees to keep any surprises at bay, and make sure to keep a few dollars aside so your buying process isn't halted by any sudden expenses.








Get In Touch

Century 21 Horizon West Realty

Phone: 250-295-6977

EMAIL

Office Info

Century 21 Horizon West Realty

PO Box 880, 224 Bridge Street  Princeton ,  B.C.  V0X 1W0 

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