Overview Of The Buying Process

House buying is more complicated than many people expect. Here’s an overview from Luke on the steps involved for a typical BC home purchase.

1. Ensure you’re ready to buy

You will need:

Mortgage approval from a lender or financial institution.
A downpayment available. (The percentage you will need depends on your mortgage approval.)

2. Find your home

There are property listings on this site, presented by Luke Mori and other REALTORS®.

Another comprehensive option is the realtor.ca website, which has even more listings in the area.

Can’t find what you are looking for? You can speak with Luke and discuss many options for finding your next home.

3. Make an offer

Luke will walk you through the process, including all the things to consider in making an offer:

Do you need offer conditions, such as a period of time to get approved financing?
Is a home inspection required?
Are there any specifics or extras you want included in the purchase?

If you are a first time buyer, there may also be money saving opportunities that Luke can advise you on.

4. Legal work

Once you have an offer accepted, there are legal steps that will require a lawyer. They include:

Handling legal documents and title transfer
Land transfer tax that may be payable on possession day
GST applicability
Handling your deposit

5. Taking possession

On the day of possession, you will:

Meet with your lawyer
Sign the legal documents
Forward funds for deposit
Sign your mortgage commitment documents

and… get the keys to your new home!

Luke can guide you through the whole process. He has helped many first time buyers and experienced buyers alike in finding their Nelson and Kootenay home.

Here are a few links to assist you.

First Time Buyer’s Guide – http://www.remax-western.ca/first-time-buyers-guide
Condo Buyer’s Guide – http://www.remax-western.ca/condo-buyers-guide
Before Writing an Offer – http://www.remax-western.ca/writing-offer
Mortgage Calculators – http://www.remax-western.ca/calculators
RE/MAX Space Planner – http://www.remax-western.ca/remax-space-planner
RE/MAX Advantage – http://www.remax-western.ca/remax-advantage
6 Mistakes Buyers Make – http://www.remax-western.ca/6-mistakes-buyers-make
Real Estate Glossary – http://www.remax-western.ca/real-estate-glossary

Contact Luke with any questions, or to get advice on your next step.

"Luke was outstanding to work with. He was always available to speak with, which was plenty since we were buying our first home, and handled all our needs with enthusiasm and professionalism. I can’t believe how lucky we were to have him as our real estate agent. He made an intimidating process so much easier on us. Top recommendation."

- Tyler Harper, successful home buyer, 2016