Step 4: Craft an Initial Offer

• What are the differences between Terms and Conditions
• When will we need our deposit (s) and in what form
• How prior sales history and seller ownership data can influence negotiations
• Am I getting the best deal 
• What help is there to work through all our conditions
• When is the deal firm
• What are competing, multiple and back-up offers
• What if the Seller is represented by the same Brokerage
• Apply for mortgage funds with known borrowing now in place

Step 5: Due Diligence

Means all the Conditions that you and your Agent team feels are necessary to protect your best interests moving through the Purchase process

• Property Inspections
• Lawyer review
• Appraisals
• Financing
• Joint Venture Financials and Obligations for Vacation Property
• Review of condominium documents

Step 6: Firm Sale

• Second deposit may be due
• Interim accommodations and/or storage of goods may be necessary
• Lawyer will need to be hired if not already
• Utilities need to be switched over from home to home
• Packing and moving arrangements made
• Meet with lawyer and ensure mortgage in place and cash to close is available
• Organize insurance either for a structure and contents or in the case of a condo, just the contents
• Set up property tax account and other obligations such as condo fee payment

Step 7: The Big Move

Plan ahead and yes, again make a checklist 

• Label boxes as you pack and consider where that box will end up in the new home.  Set aside items for disposal or sale
• Inform key contacts like Canada Post, your employer, doctors, dentists, CCRA for important address change
• Talk to friends, family about the move.  If kids are involved then appointments may be needed at new schools
• Follow-up with lawyer after the sale to ensure you have all the transfer documents, understand them and place them in safe-keeping for future use
• Ask your CanmoreRealEstateTeam for ideas on how you can get quickly oriented to this fabulous community of the Bow Valley

When purchasing a home in Canmore/Banff, you are faced with a multitude of decisions! For an in-depth consult on how we guide you every step of the way, contact Jim or Jordy today.