My Topic is about BUYING A HOUSE IN

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My Topic is about BUYING A HOUSE IN CALGARY

FIRST THING YOU HAVE TO DO IS: search for realtor state When you find a realtor you look forward with him, to see what are the following steps. He helps you to set up the following steps and requirements to buy your own house.

The requirements you need The firsts requirement is to contact a broker, he looks at your financial records and sees if you are able to buy a house, once you are approve you continue with the sale. The second requirement is that you need a down payment minimum of 5 percent of the total cost of the house. But you can also give more which ever fits better with your economy. Third requirement, after the banks approves the sale, the realtor start to book open houses for us to see that are depending on the loan the bank let you borrow.

The sale decision When we visiting open houses and choosing between the house you look you decide to buy the one you like and the one that fits better with your economy. After you decide which one you like, you make an offer and wait about 24 hours to hear a response. once the offer is approved you write a check for about five thousand dollars.

Finally the deal is established The deal is done and the realtor negotiates with the owner’s realtor to see on which day is the house is good to move in. Contact a lawyer, sign all the sales contract and the lawyer sends all the documents to the bank. Depending on which bank, the bank makes an appointment to sign the contract and to establish the payment of the mortgage, biweekly or monthly

Insurance for the house You have to find the insurance for the house in case of fire, flooding or robbery. Tips: Do not let a payments late because you get charge interest for every day. ENJOY YOUR HOUSE

Questions What is the first thing you do to buy a house? What is the first requirement of buy a house? What is the function of the broker on the sale? How much is minimum percent of the down payment?

How you know if the house is ready to live. Who sends the contract to t How do you get charge when your payment is late? Does the house need obligatory and

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