Alt Text

GET PRE-APPROVED

The first step to buying a home is to understand your buying power and establish a price range. A licensed lender can help evaluate your financial standing and provide a pre-approval. They will review your income and credit history to determine how much the bank will lend you, which will help you determine the price range for your search. Having a pre-approval letter in-hand can also increase the attractiveness of your offer, particularly when a seller has multiple offers to choose from.

Alt Text

THE HOME SEARCH

You can start your search for the perfect home right here with up-to-date MLS listings in your favorite neighborhoods. Create your free account to save your favorite properties, request showings and more! As your REALTOR® team, we will also
search for homes on your behalf. When you find a home that you like, we'll schedule a showing tour for you to preview the property in person.

Alt Text

MAKING AN OFFER

When you're ready to move forward with a purchase, we will advise you on constructing the strongest offer possible. Then we will draw up the necessary paperwork on your behalf. There is a lot to consider when making an offer. We'll discuss the purchase price, the closing date, sale contingencies and any special stipulations for your particular purchase. Once an offer is submitted, the seller may accept, reject or counter the offer.

If the seller returns a counter, we will enter a negotiation period until an agreement is reached, or the offer is rejected by either party.

Alt Text

GOING UNDER CONTRACT

If your offer is accepted, you will be officially under contract. The purchase will not be complete until closing, but the home
cannot be sold to anyone else while the contract remains in effect. At this point, unless you are making a cash purchase, it
will be time to make an earnest money deposit and secure your mortgage loan. Lenders offer a wide range of loan programs, so it's important to work with a lender you trust to help you determine the best loan for your specific circumstances.

Alt Text

HOME INSPECTION

Inspecting the physical condition of your next home is a vital part of the home-buying process. A licensed home inspector will conduct a comprehensive evaluation of the entire property and report any problems with the condition of the home's structure or systems. The inspector will also investigate potential issues such as pest infestations or mold. Depending on the purchase agreement, we may enter additional rounds of negotiation to resolve any problems discovered during the inspection.

Alt Text

HOME APPRAISAL

Your lender will arrange a professional appraisal of the home. An appraisal is an unbiased estimate of the true (or fair market) value of a home and is conducted by an independent third party. The appraiser will confirm the appraisal value of the property for all parties involved. If the home appraises at less than the expected value, you may have the option to renegotiate the purchase agreement or terminate the contract.

Alt Text

THE FINAL WALK

Prior to closing, we will conduct a final walkthrough of the home to ensure that all negotiated repairs have been completed, and that the home is in the same (or better)
condition as when the original offer was made. This is the final opportunity to call out any problems identified with the home
before closing. Depending on the purchase agreement, you may sign a formal contract addendum confirming that the walkthrough is complete, and the condition of the home is acceptable.

Alt Text

CLOSING

Time to celebrate! Your lender will provide a final closing disclosure that summarizes the loan terms, monthly payments, taxes, and other costs associated with the closing. They will also confirm that you are clear to close, and you will sign all of the paperwork required to complete your purchase and loan agreement. Once the paperwork is signed by all parties and your loan is funded, you will receive keys, and you'll be ready to move into your new home!

LEON ZHOU

Personal Real Estate Corporation

Dracco Pacific Realty
Phone: 778-994-6626
Email: leonzhou321@gmail.com

Vancouver Office
3398 Dunbar St,
Vancouver BC, V6S 2C1, Canada
Please fill the required field.
Please fill the required field.
Please fill the required field.
Please fill the required field.
Visit us at
Image
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright® 2017 Real Estate Board of Greater Vancouver. All rights reserved.