2. Prior to beginning your home search, decide how much you want to spend. If you are planning on an all cash purchase as most Canadians are doing presently, it will be a straight forward decision. If you require a mortgage loan, you must get “pre-qualified” or “pre-approved” in a letter of preapproval from a US lender. Dick will provide you with a list of local lenders.
3. Begin your search! Dick will select locations and properties that fit your criteria.
4. When you find a property that suits your needs and you feel ready to buy, Dick will prepare the offer for you, have you sign it, and he will present it to the seller’s realtor. Additionally, to accompany the offer you will need a pre-approval letter from your Bank if buying with a loan, or a proof of funds document from your Bank if paying with cash. With your offer, you must also include a good faith refundable deposit in the amount of 3% of your offered price. The check presented with the offer may be in the form of a photocopy of your check, used to indicate your intent. 5. Once your offer is accepted, the process will move along to Escrow. The contract, now signed by both parties, will be submitted to the Escrow Office. During Escrow, there will be many disclosure documents for you to review and sign. The purpose of these documents is to ensure that you are fully informed about all aspects of the property you are about to purchase.