Tips and Buying Guide

Buying a property should not be left to chance. Centor can help you make the right decision. Here are five steps to get you started:

1. Pre-Approval:

Our unique combination of mortgage and real estate brokering under one roof can help you in your approach to mortgage pre-approval. Since we represent over 20 financial institutions and lenders, Centor will help you obtain the financing that best fits your needs. Our mortgage experts will also be able to guide you in determining your budget for buying a property.

2. Determining Your Needs:

You already have financing or have acquired it through us? Perfect! This is the starting point. One of our brokers will gladly help you narrow down your wants in parallel with your needs. Far too often, buyers let their spontaneous desire to own take over a purchase decision. As a result, they find themselves owning a property that does not fulfill their daily needs. Let us guide you in making the correct choice.

Here are a few factors to consider:

• Your spatial needs
• The distance to your work place
• The distance to your child’s/children’s daycare/school
• The neighbourhood
• The type of property
• The budget

3. Property Search:

Our brokers will do a preliminary search for properties that best fit your needs using your criteria. They will then look through the results with you in order to determine which of the properties interest you.

4. Visiting:

Our brokers will schedule visits of the properties retained from the initial search.

5. Transaction:

We will assist you through every step of purchasing the property of your choice. Congratulations! You are now a property owner!

Of course, it is important to foresee the expenses that come with the purchase of a property.

A few of the fees to be aware of are:

• Notary fees: Choosing the right notary is important. He/she is the person who will make sure that the property you purchase will truly be yours.
• Welcome tax: Certain towns and cities give a welcome tax break. The rate of taxation varies depending on the property value and its location.
• Moving costs: These costs vary according to your needs.
• Inspection costs: Can vary based on the type of inspection requested/required.
• Evaluation costs: Can be mandatory for certain financial institutions or lenders.
• Cost of transferring or connecting utilities.