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The process can vary between different buyers, with unique circumstances and requirements, but broadly speaking the steps that you will take are:
Unless purchasing the property outright, you will need a loan and a professional to arrange favourable terms on your behalf. Consider all costs associated with buying & owning the property. Confidence in your finances will serve as a resource in the future.
Refine your property goals and trust your real estate professional to manage the logistics of achieving them. The quality of your real estate agent will impact the success of your process.
Search efficiently and eliminate distractions by strictly qualifying properties of interest. A good real estate agent should have their process consider resale value, legal issues, immediate repairs & future renovation constraints.
A strategic offer takes into account various factors, including market conditions, property specifics, and the seller's situation. It enhances your chances of success in a competitive real estate environment and sets the foundation for a positive and efficient transaction.
Upon acceptance of your offer, we work diligently on meeting offer conditions, securing property insurance, and collaborating with legal experts to facilitate a smooth and seamless transfer of ownership. Reduce risk exposure by following a possession day agenda.
Even after the purchase, we’re here for you. Our clients benefit from our expertise & that of our professional network.
It can be easy to forget the different costs involved in buying a property in Winnipeg. Here is an overview of some of the key costs:
If Mortgaged – your mortgage costs will not only include the monthly payment, but also the potential costs of setting up the loan in the first place: an appraisal, mortgage application, mortgage insurance premium and title registration fees.
Land transfer tax – The provincial tax paid by a property buyer to transfer ownership into their name.
Insurance – most mortgage lenders require you to arrange property and liability insurance. Mandatory or not, we recommend it, along with content insurance.
Property tax – A tax, paid monthly or annually, for owning the property
Legal fees – the disbursement costs and costs associated with using the services of a real estate lawyer to help you close the deal.
Miscellaneous - Additional expenses may include condo fees, inspection fees, moving expenses and immediate repairs if applicable.
If you have any questions about buying a home in Winnipeg, or across Manitoba, then please get in touch. The team at The Leathwood Group is always happy to help.
The Leathwood Group is an award-winning Winnipeg real estate company, founded on the principles of honesty, client satisfaction, and community spirit.
Bryan Leathwood Personal Real Estate Corporation
Roan Van Eerd Personal Real Estate Corporation