Buying When Posted to CFB Edmonton


 

 
Congratulations!  You are posted to Edmonton commonly known as Steele Barracks. You'll be joining the ranks of many DND members with their families which Mike helped.

 

When moving to the Edmonton Area for your HHT, I will:

1. Contact you by phone to ascertain what you need and what you want in your new home.
2. Mail you a relocation package with information on real estate, city maps, schools, recreation facilities, public transit and any other information you require to familiarize yourself with your new city.
3. Assist you with hotel and car rental selection for your house hunting trip (HHT) if requested.
4. Work only with you during your House Hunting Trip so you receive the attention you need to find your new home.
5. Assist you with selection of a lawyer, home inspector and any other professionals needed. They will be approved IRP suppliers and follow all IRP procedures. A copy of your purchase contract will be forwarded to your IRP representative.
6. Provide you with contacts such as family doctor, dentist, insurance broker and home repair contractors.

I know that house hunting trips are short and require quick decisions. Mike have helped many families make these moves and are organized to make the process an easy one for you. 

In the following reports, you'll find the information you need to make a wise buying decision.  I'll take you through the planning process step-by-step, to help you determine which home is right for you.  You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact Mike if you have any questions about buying a home in the C.F.B. Edmonton & area.

 

House Hunting Trip Check List

  • Bring the contact information for your lender (phone & fax) or ask Mike for suggestions for local mortgage specialists/brokers. Using a local lender may be more effective if you are under time constraints to fulfill your financing condition during the HHT and may also SAVE you money!  Being Pre-approved helps you establish parameters. 
  • If you want to shop for a lender on the HHT bring along:
    • A valid copy of your posting message.
    • A copy of your most recent mid-month pay statement showing all entitlements and deductions.
    • Proof of down payment. This should be either a copy of your current bank statement or bank book, or if your funds are in an RRSP, Term Deposit, Mutual Funds or some other form of investment, be sure and bring a statement showing all the particulars.
  • If the down payment is coming from the equity in your present home please bring :

o         a copy of your most recent mortgage statement showing, the balance outstanding, the term, monthly payments, interest rate etc. 

o         If your home has sold but the sale has not yet been completed be sure and bring a copy of the Contract of Purchase and Sale, plus copies of any amendments showing the removal of  all "subject to conditions".

  • If you have any outstanding personal obligations such as car loans, credit card balances etc. please be sure and bring statements showing your current balance and repayment schedule.   
  • Send the MLS #’s of the homes you want to visit to us prior to your arrival for us to review and comment on. This will make more efficient use of your time while on your HHT.
  • Advise Mike of any special housing requirements you may have prior to arrival. IE special school or medical needs, if you require high speed internet, day-care, or  have second language concerns etc.
  • Bring along your video or digital camera to take images of the home you purchase, however keep in mind you need the home owners permission to take photos/videos of their home.
  • Deposit: Contracts of Purchase and Sale usually require a deposit. The amount of the deposit varies. IE: $1000.00 could be the minimum or it could be as much as 2-3% of the purchase price. 
  • As your REALTOR®,  I am a good source for local IRP approved (as applicable) experts, ie: Lawyers, Home Inspectors, Contractors, etc.
  • If applicable, have your spouse bring along their resume to leave with potential employers.
  • Mike can suggest a hotel that is of good quality and in a convenient location.
  • Keep a short list of 3 homes in your mind and put the remaining homes on a “B List” or reject the home all together. This will make your search less confusing.
  • Bring slip-on shoes to get in and out of homes quicker.
  • If required, look for Doctors, Orthodontists etc while on your HHT.
  • Set-up mail, phone, utility hook-ups etc if time permits
  • If you are bringing younger children along you may want to arrange for babysitting for evening showings and for the time when you will be reviewing and signing documentation.

 

Below, select desired reports and complete the form provided.

 

 

I understand that you may be in the information-gathering stage and may not be ready to open up about who you are or your real estate needs at this time. If you are not comfortable providing all your contact information that is perfectly OK. Just enter your e-mail address so I can send you the material you requested.

Buying Your First Home
Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
The Right Home at the Right Price
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
Avoid Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
But Do You Need It
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.
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