Awesome Home Deals

Mortgages:

Term (Fixed or Open)

Rate (Fixed Or Variable) (Volume Discount)

Amortization (How long will it take you to pay off the home)xxxxxxxxxxxxxxxxxxxxxxxx

Payment frequency (Biweekly) reduces amortization term

Anniversary Payments (20/20)

Penalties (# Months interest or Interest Differential)

POTL: Parcel Of Tied Land. It is tied to common elements

We Will Get Approved

We Will get you the Lowest Rates

We offer Wholesale mortgage rates

We have better purchasing Power for low rates
We give Volume business to one TD Person
He offers us wholesale Rate

We will get you The Best Mortgage Guaranteed

Pre-approval Letter Vs Commitment Letter

Pre-approval approves you

Commitment Letter approves the home

On a Bank Letter Head

Your credit file should remain unchanged from the day of pre-approval till the day of closing

Deposit money (Closing Cost Money should be kept aside in a bank account. Do no withdraw the money from your credit card after pre-approval as this has now changed your credit status
ant you to be our life time client

Down Payment

RRSP Home Buyer Plan

3 months in bank

Own Funds ,

Not Borrowed,

Closing Cost Standard

Land Transfer Tax

Legal Fees ($2500)

Title Insurance $275

PST ON CMHC FEE

Home Insurance $500

Closing Cost Extra

Mortgage Broker fee 1.5% ( If Required)

Mortgage Appraisal $500 ( If Required)

Mortgage Application Fee ( If Required)

Survey $1500 ( If Required)


Other Buying Cost

Home Inspection $350.00

Home Insurance

Home Appraisal $215

https://www.ratehub.ca/mortgage-payment-calculator

What’s Is The CHMC Fee

CHMC Fee

To Protect The Banks from non payment


0 % (Posted Rate) CMHC FEE 4.00%
5 % (Fixed) CMHC FEE 2.75 %
10 % (Fixed or Variable) CMHC FEE 2 %
15 % (Fixed or Variable) CMHC FEE 1.75 %
20 % (Fixed or Variable) CMHC FEE 1%
25 % (Fixed or Variable) CMHC FEE 0%


Show home that only offer a high commission

Carrying Cost

Mortgage (Principal & Interest)

Property Taxes

Electricity

Gas

Water

Home Insurance

Take Life Insurance & Not Mortgage Insurance (Optional).

Sign Up for Take Home Services Programs – H&CIP

Fridge Stove Washer Dryer, Iron, Lights

How to get Financially ready to buy a home

Appraisal


Appraisal are very low compared to market value. Why?
Banks lower the value as a safety precaution incase the market corrects.

We must make sure the appraised value comes to purchase price, If not your will have less funds


Appraisal must be done during financing condition allotted time. NOT LATER

Why The Farah & Dawson Team

We work as a team, we are available 24 /7

We must be available to you the home first

Good deals sells on the very first day

Good deals are hard to find
.
If I am not available when ones comes up
Then I am not working for your best interest.

Digital Signature

Term (Fixed or Open)

Rate (Fixed Or Variable) (Volume Discount)

Amortization (How long will it take you to pay off the home)

Payment frequency (Biweekly) reduces amortization term

Anniversary Payments (20/20)

Penalties (# Months interest or Interest Differential)

Dawson Is a Mortgage Broker

nWe Will Get Approved

nWe Will get you the Lowest Rates

nWe offer Wholesale mortgage rates

We have better purchasing Power for low rates
We give Volume business to one TD Person
He offers us wholesale Rate

We will get you The Best Mortgage Guaranteed


Digital Signature

All Offer are signed and sent electronically
No more paper signing


Offer Forms Explained
Offer Forms Explained

KYC:

Fintrack

APS

Sch A, B

Confirmation Of Coop

Waiver

Mutual Release

Deposit Receipt Given The Deposit Wire or bank draft

Offer price

Based on similar home SOLD in the neighborhood

Deposit around $15000.00, which will be returned to you lawyer to be used for closing cost. Deposit Held In Trust

Closing Date ( Need Lease Termination In Writing)

Irrevocability

Title Search

Final Signature Of Acceptance

Conditions: Financing, Home Inspection, Status Certificate, Grow House, SPIS, Appliances, Survey, etc
THE APS Main

THE APS Inclusions

Fixtures: What is fixed to the house by screws. Non movable

Chattels: What is Not fixed to the house by screws. Is movable

Fridge Stove Washer Dryer
To [prevent Switching: We include the Make, Model and Serial Number
Dual Witness: We also ask the Home Inspector to note it down

Rental Items

THE APS Conditions


Financing,

Home Inspection,

Status Certificate,

Grow House,

SPIS, Appliances,

Survey, etc

THE APS Schedules

A, B, C etc

The Deposit
The Deposit Is give by

Wire Transfer:
A) Direct From you bank to their bank
B) Take a Bank draft from your bank and to the listing brokerages bank and deposit


Offer Negotiation Process


Present and Negotiate Offer

Back and Forth Negotiations

Offer Accepted

Deposit Given

Bank draft dropped to the listing brokerage office

Offer Conditions Fulfillment



Get Approved For Financing First

Then Do Home Inspection

If Financing Or Home Inspect Passed, Then do a Waiver of Conditions

If Financing Or Home Inspect NOT Passed, Then do a Mutual Release Of The Offer

Offer Firm Or Void
If Financing Or Home Inspect Passed, Then do a Waiver of Conditions

If Financing Or Home Inspect NOT Passed, Then do a Mutual Release Of The Offer


Offer Firm
Send all document to the Lawyer and mortgage broker right away

Time is the essence

Offer Void


Sign Mutual Release right away

Take 10 days to get your deposit back

Time is the essence


The Closing Process

Notify Landlord right away with two written and signed notification

Book Movers / Truck / Elevator .

If Condo you will have to give them the offer as proof o asl you layer to give you a letter

The Visits


2 Visits

One visit on 2nd last day of moving date

You get 2 visits before closing


3 Days Prior to Closing

You must be physically present

Meet the lawyer

Give Balance of Funds

The Moving Process

Get Ready to move, pack in small boxes,

Don’t make boxes too heavy\

Label every box. Bedroom, Kitchen, Living, Basement

Color coding is easier. Color box to color room of new home

make map of room

Keep valuable, Personal document, electronics safe

Double wrap fragile items to prevent breakage

The Moving Day

Get mover Moving Truck

Time everything from moving items into the truck , to Reaching the new home, if 4 hours

Will Get the key at 5 pm , so call mover at 12 Noon latest by 1 pm

Legalities Of The Offer

Cannot get cold feet

Must Comply with the terms and condition of the offer


The Chattels and Fixtures

What are chattels: Fridge Stove Washer Dryer etc
What Included , Excluded & Rented
Serial Number is noted

Closing day Requirements
Please remember if you are Renting
We Need Lease Termination Letter Signed


Chattels:

We make sure that everything that is included is in the offer. We also as for warranty papers

We include Make & model number if possible, to minimize the risk of the seller switching a chattel

Our Custom Clauses

Here we are dotting all our i’s and crossing all our T’s and leaving no margin for error.

Title Insurance company or the judicial system.

Finance

Seller Disclosure

Home Inspection: Must, $300 – 4500. Licensed, Insured, Big Companies, Neutral. Not a technique to reduce the price.

Taxes all paid

Appraisal Clause

Insurance Clause

Survey & Title Insurance (One compliments the other) Both are a Must

Grow Operation Home : Warranty

Chattels: Noted Down By Us and also the Home inspector: Will give you our warranty on chattels

Status Certificate.

Garbage Removal Clause

Crime Clause

Stigma Clause

No Hidden well or pools warranty
Termite & Rodent
Clean and swept

Visit

Home Inspection

Must be done when buying through us

Its is done even when you are buying a new home

Home Inspector must be licensed and Insured

- It’s a Visual Inspection. Does not open walls - Check the Mechanics

We use Inspectors that hold a PEng Designation
They are Amazing

Cost depends on the size of the home.

Not a technique to reduce the price of the home

Must be Done at the specified time
Must note down appliance model numbers, Take Photo of Light Fixtures and Window Coverings

In writing

The Lender

Send File Right Away to Lender for The mortgage Approval

Pre closing

Make sure All the funds are in the bank
Mortgage Insurance / Life Ins

Annual Heating and cooling plan

The Lawyer

Checks the offer is valid and binding

Does not negotiate on your behalf

Does not go to court for you

They just transfer Title – Free and Clear

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What to Say and Do

When You Come Across Homes on Your Own

1. If you see a home you like, feel free to call for information , BUT always tell the agent that you’re working with us (this will prevent you from being hounded by other agents with questions and sales pitches)

2. Get the price and (if available) MLS number and we’ll send you complete information

3. If you see a house you want to look at, always call US for appointments

After Sales Service

REMEMBER

Always keep your home in good repair.

A small problem can eventually turn out to be a massive repair

Always call us regarding anything about the home

We have forged strong relations with

lenders, Lawyers, Home inspectors Repairs, Renovators, Home Services, Appliances

for our clients to get better rates and discounts

Upkeep

REMEMBER

Always keep your home in good repair.

A small problem can eventually turn out to be a massive repair

Always call us regarding anything about the home

We have forged strong relations with

lenders, Lawyers, Home inspectors Repairs, Renovators, Home Services, Appliances

for our clients to get better rates and discounts

Our Promise

In Financial Problems, call us we WILL Help

Need To sell but cannot afford the fees,
no problem we will sell it for free

When you want to sell but have a have found a
cheaper service. WE will Beat IT

With Us Its Never About The Money

We offer Amazing buyer programs

Total Home warranty.

Buy Back Guarantee

Cash Back

Best Mortgage Guarantee

Lower than Low Mortgage Rates

Free Lawyers Fees

Free Moving

These programs will be discussed at the meeting

Let Get Started

AwesomeDawson.ca/buyer-questionnaire