Buying Timeline

The typical stages of the buying process are:

Mortgage Pre-Approval: Discuss what you qualify for, what your monthly mortgage payments might be and your overall application information (credit, income, employment, down payment) with your mortgage broker or bank. This ensures we are looking at homes in your price range and tells the seller you are a serious buyer.
Decide what is really important to you in a home: I ask you the appropriate questions to help you discover what exactly you need and want in a home. With this information I will now be able to use my knowledge of the local market to better assist you in what you are specifically interested in.
Viewing homes: I select from current listings properties that match what you are looking for. We tour the properties and I advise you of the strengths and weaknesses of each listing. Through this process we find exactly what you are looking for.
Make an Offer: I consult with you to help you decide on an offer amount, subject conditions to the offer, inclusions/exclusion and completion/possession dates.
Negotiation Period: There are four possible outcomes once an offer to purchase begins the negotiation process– acceptance, rejection, counter the offer and the possibility of being in multiple offers.
Accepted Offer: The buyer and seller agree on the terms of the offer and have a conditional contract of purchase and sale. The buyer has a 1-2 week period to do their ‘due diligence’ and make sure all the subjects of the offer have been satisfied. The subjects usually include a property disclosure statement, title search, inspection, strata documents, financing and an inclusion list.
Deposit Due: A 5% deposit is usually due within 48 hours of an accepted offer. This is held in our Whistler Real Estate trust account and fully refunded if you do not remove subjects.
Subject Removal: Once all the subject conditions have been met, the buyer removes their subjects and an unconditional contract of purchase and sale becomes a firm and binding contract.
Signing Date: It’s a good idea to contact your lawyer and mortgage broker a week before the closing date to arrange an appointment to sign all documents necessary to transfer the title and register the mortgage.
Completion Date: This is the day the title to the property is registered in your name and the funds are transferred to the seller. All the insurance and utilities must be in place for the completion date.
Possession Date: This is the day you get possession of the property. It is usually at 12 noon and we meet to make sure everything is as it should be. I hand over the keys and you begin moving in.
Follow Up: I will stay in contact with you regularly to see how you`re enjoying your home. I am always here to answer any questions you have whether it is the next day or next year. Feel free to call me for advice, service provider recommendations or a market update.