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The Offer
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Accepted and Rejected Offer
The offer
Accepted and Rejected Offer
If the seller accepts the offer, congratulations, you're the proud owner of a new home! If you don't hear back, the seller has rejected the offer. You may want to make another one, or simply look at other houses that interest you.
Most often, you'll receive a counter to your offer. You can choose to accept it, or respond with another counter offer. This process will continue until one side accepts or quits.
Reminder: The home inspector does not pass or fail the property.
Read More
The offer
Accepted and Rejected Offer
If the seller accepts the offer, congratulations, you're the proud owner of a new home! If you don't hear back, the seller has rejected the offer. You may want to make another one, or simply look at other houses that interest you.
Most often, you'll receive a counter to your offer. You can choose to accept it, or respond with another counter offer. This process will continue until one side accepts or quits.
Reminder: The home inspector does not pass or fail the property.
Read More
1. Determining Your Needs
Learn
- Your Lifestyle
- Location, Style and Cost
- Why is Location Important?
- Choosing a Neighbourhood
- Your Housing Needs
- Types and Styles of Homes
- What Can I Afford?
- Your Team and Their Roles
- Agents
- Contractors
- Appraisers
- Lenders
- Mortgage Brokers
- Lawyers/Notaries
- Home Inspectors
- Insurance Brokers
Plan
- Neighbourhood Features Checklist
- Monthly Expenses
- Your Team of Professionals
Worksheet
Do
- Home Features Checklist
- Home Hunting Worksheet
2. Arranging a mortgage
- Overview
- What is a Mortgage?
- Down Payments
- Conventional and High Ratio Mortgages
- Pre-Approved Loans
- Types of Mortgage
- Conventional and High-Ratio
- Second
- Mortgage Features
- You Should Know
- Assuming an Existing Mortgage
- Vendor Take Back
- Rate of Interest
- Terms
- Amortization
- Schedule of Payments
- Open Mortgage
- Closed Mortgage
- Convertible Mortgage
- Additional Costs
- Securing a Mortgage
- Applying
- Approval Process
- Insurance
Plan
- Getting Ready (to see a lender)
3. The Offer
Learn
- Overview
- Eight Basic Elements of an Offer
- Making An Offer & The Process
- Accepted and Rejected Offer
- The Deposit
- Offer Strategies
4. Closing
Learn
- Overview
- The Lawyer
- Surveys and Inspections
- The Title Search
- Taxes and Liens
- Finalizing the Mortgage
- Signing on the Dotted Line
5. The Move
Learn
- What to Except on Moving Day
- Ways to Reduce the Cost of a Move
Plan
- Moving Checklist
- Change of Address
Do
- Moving Calendar
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