Each real estate transaction is as unique as the client I am representing. Some moves happen by choice, such as a client who is looking for more space for a growing family or a client looking to downsize as empty nesters. In other circumstances, a real estate transaction must take place because of a job transfer, death in the family, divorce or other monumental life change.
If you find yourself buying or selling real estate during these times, you’ll want to ensure more than ever that you’ve hired the best professionals to stand in your corner. By building your very own team of experts you can ensure your important questions are answered by specialists in their field, setting yourself up for an informed real estate transaction. If you’ve thought about passing up a team of professionals for your upcoming purchase or sale, consider the roles these pros play in a quick and successful deal;
Real Estate Professional
The strong foundations of a great Realtor® start with knowledge and expertise of the area, up-to-date industry training and polished confidentiality and professional standards. Any Realtor® can schedule a customized listing search for you as a buyer, that my friend is basic real estate 101; you want to work with an expert, not a salesperson, who’s focus is finding THE house for you and your needs, who’s negotiation skills are unmatched and who has your best interest and goals in focus for the entire process.
Mortgage Lender or Broker
As a consumer, you have mortgage options! Start by researching local lenders and brokers to see the products, rates and terms that are available to you. Before you begin shopping in Kelowna or another real estate market, meet with your chosen mortgage professional to establish your personal affordability. Ask questions like; what will your monthly mortgage payments look like, are there any additional fees you should be ready for and what other financial obligations may come with purchasing a property? Ensure your lender locks in a rate with the pre-approval and covers any questions you may have about future changes to your mortgage, such a mortgage port in the event you sell the property.
To dive deeper into the basics of a mortgage pre-approval process, visit the Government of Canada’s helpful online hub.
Real Estate Lawyer or Notary
A real estate lawyer or notary and their legal team are responsible for some of the most important transaction tasks. They will prepare all closing documents, complete a title search for deficiencies, handle the transfer of funds between parties and complete the ownership title transfer for the purchase and sale transaction. These tasks if completed incorrectly can postpone your possession day or worse, create costly future problems.
A home inspector’s key responsibilities are to examine both the exterior and interior of a property to find things that could be deemed as unsafe or in need of repair. A home inspector will deliver to you a detailed report with photos bringing your attention to potential concerns such as foundation issues, roof wear, plumbing and electrical quality, water damage and general structural integrity. The findings of a home inspection will identify immediate needs for remediation or investments you may need to be prepared for in the ownership of the property. It is noted that a home inspection is not mandatory, but this professional can be a key player in your long-term property buying success.
If you have specialty items, large furniture or a sizeable inventory of personal belongings, consider reaching out to a local moving company that offers complimentary consultations for a moving quote. These professionals will take care in wrapping, transporting and delivering your prized possessions, freeing you up to manage the working parts of move-in day. A great moving company should be insured, easy to communicate with and come with positive testimonials from past clients.
With the above professionals collaborating on your property purchase, you can feel confident that you’re in good hands. I’d love to hear about your favourite local real estate professionals and for more information on how to establish a pro team for your upcoming real estate transaction, contact me, Staci Champagne at 250-718-7851