Here are the steps to buying a house with The Ray Otten Team.
Step 1 - Learning About YouOur steps to buying a house begins with understanding you, what you want today, and how that will change tomorrow. Together we will complete our Home Buyer’s Questionnaire that will help you define your wants, needs, price range, and desired locations in order to help us discover your interests and needs so that you do not miss out on any opportunities.
Step 2 - Buyer Agency Agreement
We will explain the Buyer Agency Agreement in detail, which is required by the Real Estate Council of Ontario (RECO). In essence, your buyer agent is legally mandated to represent your best interests to the best of their ability with no cost to you.
In addition, as your Buyer Agent Representative, we can also work on your behalf with “For Sale By Owner” or “New Home Constructions” if you are looking at those options. And if you are considering a new construction, don’t go to a builder before speaking to us. We have valuable insider advice and can also offer you a rebate up to $1,000.
Step 3 - Mortgage Pre-approvalOur preferred partners are experts in their field and we have had a first-hand experience of the service they provide. They have the pre-qualification programs to assist you in pre-qualifying for a mortgage to ensure that you will receive the best possible mortgage rates and service available. This guarantees that you will only spend your valuable time looking for homes that you qualify to purchase.
Step 4 - Home Search Begins
The next steps to buying a house will be to launch our detailed High Energy Home Buyer Program action plan. We will enter your requirements into our unique Prospect Matching system, which is linked to the Multiple Listings Service (MLS) and we will locate the top 7-10 homes that best match the features you are looking for.
Our comprehensive software is updated by the minute with the MLS so that homes matching your profile will be sent to you the very moment they hit the market and you will have access to them even before most real estate agents and buyers are aware of them.
Step 5 - Viewing HomesWe will make arrangements to show you the best homes that meet your criteria. While doing so, we ask that you make notes about what you liked and disliked about the homes so you don’t forget any details. It is important for you to communicate with us so that we can understand even further what you are looking for.
Step 6 - Making an OfferWhen you have found the home of your dreams, we will review the Offer to Purchase with you and explain all the conditions and special clauses so you fully understand the entire agreement. We will represent you and handle negotiations on your behalf with your advice and input until a successor agreement is reached.
Step 7 - Conditional AgreementAn agreement becomes conditional when fully signed and accepted. We then ensure all your pertinent documents are forwarded to the appropriate professionals to move forward with a smooth and trouble-free closing. We consider our service to be a concierge service, providing you with referrals to the top professionals in their field, ranging from home inspectors, mortgage brokers, lawyers, etc.
Step 8 - Final Steps to Buying a house
When all the conditions in your agreement have been met, we will forward all documents to your lawyer to complete your home purchase. We will always be available for any questions or concerns you may have now or in the future.
You will also be invited to join our Client for Life follow-up program where you are welcome to attend our yearly Client For Life catered party at my home where everyone gets an opportunity to enjoy the personal side of our caring team.
We don’t forget about our past clients! In appreciation, each year our past clients are entered into a contest to win a trip for two to a destination of their choice. *contest rules and conditions apply
You are welcome to use our moving truck for items you may want to move personally and we will refer you to our preferred partners for any renovations or purchases you may require to make your new home truly special.