WHY SHOULD YOU CHOOSE CHOOCHOO AS YOUR REAL ESTATE AGENT?
From the start to the end, the home buying process is very exhaustive and apprehensive but by the end of the journey the reward is much greater.

What makes me separate from the crowd:

1. I have the most current and legal technical knowledge and the best up to date training that will help you in your home buying quest.
2. I use and utilize the latest technologies such as web based services, dynamic website, up-to-date listing data, GPS rendered property mapping, transportation/ transit analysis, community profiling, statistical demographics and electronic communication.
3. I will go through with you the contract documents in detail before you sign any paper.
4. I will help you not only in acquiring your home but also I can help in seeking better mortgage rates or securing a mortgage and home and or life insurances. Even I can help as little as finding maid services for cleaning your home .
5. I can provide you with the estimate of net.
6. I can provide you with the estimate of any repair or addition to your home.
7. I will do my job efficiently and enthusiastically to try to fulfill your entire home buying needs.

My commitments to you:

1. You will have my undivided loyalty. I will represent you completely.
2. I will promote and protect your interests.
3. I will keep your confidences.
4. I will obey all lawful instructions from you. And, I will try to answer your every legitimate question and will work on trying to eliminate your unnecessary fears.
5. I will exercise reasonable care and skill in the performance of my job.
6. I will perform my fiduciary duty to you: To account for all money and property placed in a brokerage's hands while acting for you.
7. I will negotiate the best possible deal for you.
8. I will perform my due diligence during the course of purchase and sale.
9. I will be with you not only till the agency relationship agreement exists but I can be with you even after when it expires. My services to you will remain offered for all your future needs as well.

NOT ONLY THAT – A portion of my commission goes to the funds of Children’s Miracle Network. Hence, my clients automatically become the miracle home for supporting the CMN. My signage would say that “This is a Miracle home”. It is indeed a very positive feeling that we contribute back to our community.

BUYING PROCESS AND THE LIST OF PURCHASING COST

Buying Process

Buying process generally involves working with a professional realtor, selecting properties to show, making appointments, viewing selected properties, presenting an offer and finally closing a deal. It may also involve if needed securing a mortgage. It must be noted that when a professional realtor is working for you, any communication with regards to the buying home experiences must be directed through your realtor and not directly with the seller or the seller’s realtor.

Purchasing Cost

In order to have a smooth and pleasant home buying experience it is important for you to know what other costs may involve. As your realtor, you can always discuss with me these issues and ask questions if something is not clear. Following costs may vary from transaction to transaction, in general, first time home buyers do not need to worry about the property purchasing tax. However, apart from the purchasing price of a home, following additional closing costs are something a buyer may have to consider: Such as*

1. If you go with a high ratio financing, there will be a mortgage insurance premium that may apply. (sometimes added into the mortgage depending upon the lender) (Please refer to the types of mortgages in this presentation).
2. Lawyer or a Notary Public fee ranging from approx. $500 and up.
3. Home insurances. (varies depending upon the insurance company)
4. Appraisal fees. (sometimes added into the mortgage depending upon the lender)
5. Surveying costs.
6. Your share of property taxes (if applicable) and utilities as outlined in the statement of adjustments.
7. Inspection fee ranging approx. from $200 to $500. (optional)
8. moving costs
9. Any other legal costs and disbursements
   

Note: *These comments are for information purposes only and do not constitute legal advice.

WHAT THE BUYER SHOULD CONSIDER WHEN SELECTING A MORTGAGE

Types of Mortgages

Conventional
The loan amount is for 75 per cent, or less of the appraised value of the property or the purchase price, whichever is lower. The remainder of the money is the equity the buyer has.

High Ratio
The loan amount is for 95 per cent or less of the appraised value of the property or the purchase price, whichever is lower. The mortgage must be insured by CMHC (Canada mortgage and Housing Corporation) or GEMICO (GE Capital Mortgage Insurance Company). The fee charged for this insurance varies depending on the amount being borrowed and the percentage of your down payment. The fees normally range from 1 to 3.5 percent of the mortgage amount. This type of funding usually requires a little longer time for qualification.

Fixed Rate
In a fixed rate mortgage the interest rate remains constant throughout the entire term of the mortgage, the payments remains the same, and you know how much will be paid of at the end of the term of the mortgage.

Variable Rates
The rate is set in relation to whatever the prime rate is at the start of the month, it therefore may vary from month to month. Your monthly payment remains the same; however the amount that is applied towards the interest and principal will fluctuate depending on the prevailing interest rate. If interest rates drop, most of your payment is applied to reduce the principal.

Short Term
Usually two years or less. These mortgages usually have lower interest rates than longer terms and are often chosen when the buyers feel that the interest rates are likely to fall and therefore may be lower in two years’ time when renewal is required.

Long Term
Usually three years or more. These mortgages are preferred when interest rates seem stable and are reasonable. If the buyer is comfortable with the amount of monthly payment and want some security for budgeting over the next few years, this may be the better choice. In either case, after the term expires the full amount of the principal is owing and must be paid or a new mortgage loan arranged.