The Buying Process: Step By Step

1. Contact your Sale Representative.

2. Conduct an in-depth qualifying analysis to determine the price range for the property that you want.
   1. Obtain recommendation that you're pre-qualified for mortgage financing.

3. Review the features and amenities you desire in a home.

4. Select the most desirable properties in your price range from our extensive inventory of available properties. Become familiar with:
   1. MLS sort and select process
      
   2. established closing costs
      
   3. Agreement Of Purchase and Sale
      
   4. Process of negotiating an offer

5. Go through pre-selection process for desired homes and arrange for showings.
   1. View properties and provide feedback to Sales Representative (or Broker).
      
   2. When you have selected the home you want to own, Sales Representative (or Broker) prepares an Agreement of Purchase and Sale

6. Through your Sales Representative (or Broker), engage in the process of negotiations with the seller (sign-backs, change of terms, etc.).

7. When the seller accepts the Agreement of Purchase and Sale is Accepted, you have purchased the property.
   1. Provide feedback to your Sales Representative (or Broker) if you are satisfied. If so, provide your Sales Representative (or Broker) with an endorsement and referral.
      
   2. Copies of Agreement of Purchase and Sale are sent to your lawyer and the seller's lawyer.

8. If you require a mortgage, have your Sales Representative (or Broker) assist you with the mortgage application and approval process, up to the point when you obtain a mortgage commitment from your lending institution.

9. When the transaction becomes a binding agreement, your lawyer searches title to determine:
   1. Outstanding work orders issued by the Municipality.
      
   2. An accurate descriptions as to the lawful use of the property.
      
   3. Restrictions as to the insurability of the property.
      
   4. Encumbrances, liens, easements, restrictions, encroachments or other claims registered on title (undisclosed mortgages, right of ways, etc.)

10. Your lawyer make requisitions to the seller's lawyer within the predetermined date set out in the Agreement of Purchaser and Sale.

11. Your lawyer verifies financing commitment with the lending institution for the transfer of funds.

12. Your lawyer contacts the utility companies and the local tax department to determine amounts, if any, in arrears for closing adjustments.

13. You and the seller meet with your respective lawyers to review and sign closing documents (mortgage, deeds, declarations, undertakings, etc.).