Based on 1 532 customer reviews

Home Buying Basics - What Every Buyer Must Know


Buying a home is certainly one of the most promising and rewarding investments you could ever have. It is however quite a long and complicated process that novice buyers might feel a little too overwhelmed. With the help of an expert and a few things to keep in mind, you can be certain to have a great time in the entire process of home buying. Having said that, here is a look at a few things you should be aware of when buying a home.

Contract - Once you've found the perfect home, you will have to sign a contract making an offer on it. In some cases, the contract will be for the asking price. The seller may agree and sign or may refuse and send it back.
Deposit - Generally, 10% of the asking price is given as a deposit to the real estate agent once the offer is made.
Conveyance Solicitor - In order to avoid legal issues, you must hire a solicitor to assist you.
Cooling-Off Period - Normally, five days is given to buyers as a five-day cooling-off period in case you want to back out, usually with a .25% purchase price penalty.
Mortgage Brokers - An excellent mortgage broker can help you find the best mortgage rates and products to suit your lifestyle.  
Needless to say, purchasing a home can be an overwhelming and challenging experience. But with proper guidance, you will find the process is easier than you think.


Handy Services AppBringing Joy to your Home!