Buying a home is an exciting and life-changing event. The process can be nerve wracking, fun, exiting, and rewarding. It is no doubt one of the largest financial decisions you will ever make. No matter what your reasons are for buying we are here to help and make the search completely about you and you alone. At Ajax Real Estate, we have professional broker associates ready to guide you through each and every step to finding your dream home.
We are always available to answer any questions you may have while you are considering the purchase or a home or during the process. Here are a few common questions that we hear from our clients.
It makes sense to work with a lender right away to determine the amount you are approved to spend on your home purchase as well as considering other costs that may influence your budget including an HOA (Homeowners association fee), property taxes, required renovations or additional insurance that may be required in the purchase.
The standard close is 30 days but exceptions can be made to close faster if absolutely necessary. You will be required to work closely with your lender to determine if you are eligible to close in less than 30 days.
Typically you will want to have 20% of the sale price as a down payment to avoid PMI (Private Mortgage Insurance). In some cases, you will be able to put as little has 3.5% down.
Home inspections allow you to understand how well the home has been maintained. This is your opportunity to see if there are any issues with the home prior to purchasing. If a large issue is found, you will be able to negotiate if the seller needs to fix prior to the sell or if they need to provide cash to fix as part of the sale.
Inspectors should look for defects or malfunctions in the building's structure, and review all major systems including the roof, plumbing, electrical and heating/cooling systems, floor surfaces and paint, windows and doors, and foundation, and so on.
