London Military DND Relocation Realtor
Local Military Relocation Experts!
Our Local Realtor is known throughout London for their professionalism, dependability, and customer understanding which have become synonymous with our Mission Statement. You can expect the best from London’s Local Experts. Dedicated to continually providing quality service and expert advice, we strive to understand your goals and then adopting them as our own. Let us help you find your dream home or get a quick sale of your property at the best price possible.
We look forward to assisting you with your next Real Estate transaction.
HOW TO BUY A HOME WHEN RELOCATING TO LONDON
Trust the Local Experts
With our extensive military relocation experience and our expertise with the local area, we are well equipped to assist you throughout your home-buying process. We maintain an extensive list of DND-approved contacts for lawyers and home inspectors. Our service is designed to make your home-buying, or selling, process as smooth as possible.
When helping you relocate to a new home, we make sure that your top priorities are taken into consideration. For families, nearby schools and other neighborhood features are particularly important. We are happy to provide a list of options that can be tailored to your desired price range. Team Champ also helps with inspections, negotiations, and closings.
YOUR LONDON SALES REPRESENTATIVE KNOWS YOUR COMMUNITY
Your Local Real Estate Experts
Our Local sales representative lives and works in the community of the buyer and seller they represent. As a result, sales representatives know area market conditions, including price and availability and have access to current financing and mortgage rates to help ease the stress associated with buying or selling a home.
Expert training and local knowledge also means our sales representative understand the legal complexities associated with a home purchase or sale, including titles, taxes, surveys as well as negotiable parts of a contract — all to help clients secure the best possible terms.
The Power of MLS®
Through our local agent, our Military Relocation Clients have access to Multiple Listing Services (MLS), an electronic database which offers a host of information on a property, including detailed property features, real estate taxes, and the recent sale prices of homes — tools that can help determine the true value of a home. MLS® information is updated constantly; our sales representatives have access to homes the minute they become listed in the system.
As your search begins, your Local London Agent will want to know the answers to these questions:
Where have you selected to live?
What style of home do you wish to buy — Detached, Townhouse, Condo, etc.?
How much mortgage have you been pre-approved for?
Are there any special features or requirements you need in your home?
Based on your answers they will begin showing you house on the market that match those criteria. How quickly you discover the home your dreams will vary greatly, you could find it when you view that first home or you might look at a number of homes with none of them catching your interest. Rest assured, the home you’re looking for is out there, and when you find it, you’ll be ready to make an offer.
Your Local Sales Representative will provide expert advice on how to prepare your offer but ultimately it’s your offer and all the decisions are yours.
Your Sales Representative will arrange to have your offer presented to the Seller through the listing agent and advise you if they accept, reject or counter your offer and provide you with good advice you will need to proceed.
If your offer is accepted, the next steps are closing and moving into your new home once all conditions are met. If your offer is rejected and another offer was accepted, then it’s time to continue your search. If you offer is countered, you can accept their counter offer, reject it, or make a counter proposal of your own. Your sales representative will guide through each of these scenarios.
Once your offer has been accepted, your London Sales Representative, will monitor the progression of your offer, ensuring that all conditions are met on time and ensuring things progress properly until closing.
HOUSE HUNTING TRIP WITH YOUR LONDON REALTOR
Features of Your House Hunting Trip at London
- Our Experienced Local Agents will communicate with you and your family to determine your exact needs. We can communicate by phone, Skype or email.
- All new listings that match your criteria will be automatically sent to you. Follow up communication can further fine tune your needs and requirements.
- We will book appointments for all of the properties that interest you, coordinate a home showing schedule and provide a list of recommended accommodations for your House Hunting Trip.
- On arrival in London you will be given all the Listings that met your criteria and a List of Home Inspectors and Lawyers to assist in your purchase.
- We will attend your home inspection with you and schedule two walk-through appointments of your purchased property before the closing date.
- We can provide clients with Guides, school, recreation, and any other information if required.
LONDON MILITARY RELOCATION REALTOR
The recent ‘Sales to New Listing’ ratio was at 75%, London and area is experiencing a Seller’s Market early this year. Housing Inventory levels are the lowest they have been in 10 years and it seems almost everything is selling as soon as it comes to market. However, now more than ever, Sellers need to work with their Listing Agents to decide on a pricing strategy that will minimize the risk of leaving ‘money on the table’ when they sell.
Is it a Crazy Real Estate Market?
Homeowners are finding their mailboxes stuffed with flyers and letters from real estate agents designed to entice them into selling, with assurances that their houses are worth more than they think. Homeowners are responding. “I’ve been bombarded with calls from existing homeowners looking to tap into their home equity,” says some of the Mortgage Lenders. And they’re using the cash to purchase investment properties. “Everyone is doing this on the speculation that prices will only go up in value.”
Although there are many people out there that keep issuing warnings about the fragile Real Estate Market, past history definately shows that at the end of the day, Real Estate is going to continue going upwards.
London Home Inspection
Having your home inspected by a trained Professional is the best protection you can have, whether purchasing new or old. Many people may be tempted to forgo a home inspection when dealing with multiple offers but that can be a huge gamble.
Every home has a story to tell. It’s history can be long and eventful or short and sweet. At Buyer Aware, our obligation to you is to tell that story as clearly as possible without missing any major plot points, and to leave you with the knowledge required to make the purchasing decision that’s right for you.
Your London and area home inspector will assist you in what is likely to be the biggest and most important investment you’ll ever make – purchasing your home. Our goal is to provide you with a professional, objective, thorough – yet affordable – inspection.
We offer pre-purchase and pre-sale home inspections, energy assessments, and WETT inspections (wood-burning systems) in London and much of Southwestern Ontario. The inspection is not over until you, the customer, are satisfied – and all of your questions and concerns have been addressed.
When it comes to buying a house, getting the right home inspector can be more important than having a good real estate agent — and could make the difference between saving, or spending, homeowners thousands of dollars down the road.
“Anybody can print a business card and call themselves a home inspector,” as there is no regulations in place for Home Inspectors.
“There’s no rules or regulations as to what a home inspector does.” many belong to associations which have a Standard or Practice and Ethical Guideline but there is little if any monitoring of what they are doing.
Prospective buyers are encouraged to check out home inspectors as thoroughly as they check out their new, would-be homes. Ask about:
- References.
- The inspector’s past experience, and whether they have worked in a trade or construction.
- Why they got into the business.
The problem with some Home Inspectors is lack of education. Plumbers, electricians and gas fitters get extensive training that includes thousands of hours as an apprentice, while a Home Inspector can take a local course at a college and their ready to go.
This Listing is available for $25.00 per year.
Mortgage Broker for London
SIMPLIFY your mortgage shopping experience, MAKE AN INFORMED, EDUCATED DECISION when choosing a mortgage product, and HAVE ALL YOUR QUESTIONS ANSWERED !
Mortgage Information
Mortgage payments are made up of a principal sum (the amount borrowed) and interest (the cost to you of borrowing money).
The best plan for any type of mortgage is to minimize the amount of interest you pay and lenders offer several ways to help do this.
- A larger down payment means your home ultimately costs less because a smaller mortgage means less interest.
- A shorter amortization, the period over which a loan is repaid.
- A weekly or biweekly payment schedule, instead of monthly.
- Additional lump sum payments.
Remember you don’t have to get your mortgage from the same place you have your savings or chequing accounts. At the end of each term you will be able to change the options of your mortgage such as the payment schedule, the term, the rate, even the mortgage lender. Be sure to consult with your broker before renewing your mortgage term.
Mortgage Options
Where to get a mortgage
Many institutions and individuals lend money for mortgages. These include insurance companies, banks, trust companies, credit unions, finance companies and pension funds.
The best option is always to speak with a mortgage broker first. Mortgage brokers know where to find mortgage funds and at the lowest rates with the best conditions available.
What a lender wants from you
Lenders will want some financial information about you and/or your co-buyers to assess your ability to repay the loan. This ability is based on your Gross Debt Service (GDS) and Total Debt Service (TDS) ratios and also on your assets, liabilities, earnings, employment history and your past record of repaying loans.
Specifically, your lender may want the following:
- personal information – age, marital status, dependents
- details of employment, including proof of income (T-4 slips, personal income tax returns or a letter from your employer stating your position)
- other sources of income, for instance, pensions or rental income
- current banking information
- verification of your down payment
- consent to run a credit investigation
- a list of assets, including property and vehicles
- a list of liabilities, for example, credit card balances, car loans – the total amount you owe and your monthly payment amounts
- fees for an appraisal or for a copy of a valid appraisal report if one was recently done
- mortgage insurance fees if a high-ratio mortgage is required
- a copy of the property listing
- a copy of the Agreement of Purchase and Sale on a resale home
- plans and cost estimates on a new home
- the condominium financial statements, if applicable
- a certificate for well and septic, if applicable
Approval Process
A mortgage approval should take only a few days, but it’s probably best to allow up to two weeks. During this process, the lender will do a credit check and spot check other information you have provided. In addition, an appraisal of the value of your home may be obtained.
Whether the lender approves your loan application will be determined by an evaluation of the following:
- Capacity: Do you have enough income to repay the debt?
- Credit history: Do you pay your bills on time and do you live within your means?
- Capital: What are your current assets?
- Collateral: What assets can you pledge as security against the mortgage? If required, a request for mortgage loan insurance is submitted to CMHC, Genworth (GE), or a private insurer. The lender then approves or rejects your mortgage loan.
Mortgage Pre-approval
A pre-approved mortgage is very common. A pre-approval means your lender approves the amount of your mortgage and gives you a written confirmation or certificate for a fixed time period before you start looking for a home. A pre-approval usually lasts for 60 to 90 days and sets the mortgage rate the lender will offer to you. If rates go down in that period, the lender should offer you the new lower rate prior to closing your mortgage.
A pre-approval gives you a head start on house hunting, but your final approval is still subject to an appraisal of the home and a credit review of your finances.