Canadian Immigrant Real Estate Appraisal and Certification Process

What is the process of buying a house in Canada? With more and more domestic real estate investors in China looking overseas, Canada has become one of the most popular investors. Let's go abroad to analyze the certification process of Canadian immigrants in real estate evaluation.

1, house payment preparation

Because new immigrant friends have no jobs in Canada, or have worked for less than one year, banks or credit institutions usually only lend 65% of the house price. If you bring 65438+ 10,000 Canadian dollars, you can only buy about 290,000 houses at most. 290,000 yuan can buy a nice two-bedroom or 2+ 1 building, but buying a town house or a single-family house is of average conditions and the house is relatively old. It is recommended to find a bank or loan broker for loan pre-approval before buying a house. This is a great advantage in later negotiations.

2. Choose a house

You can search in newspapers and online by yourself. But usually the effect is not good, it is time-consuming and laborious, and it does not necessarily save money. And because you are new here and don't know much about Toronto, I suggest you find an agent, and the professional will choose the district, school and house according to your situation. Usually it will be closer to your goal than the house you choose. Brokers can show you many different properties at once, saving you time and energy. And time is precious for friends who just landed.

3. Negotiate the price and sign the contract

This step requires the help of a broker. Brokers can tell you what price to pay, what kind of contract to prepare, how to use the terms of the contract in exchange for your greater interests, how to safeguard your interests in negotiations, and how to help you make suggestions when you are at a loss. Protecting your interests is the basic duty of brokers.

4. Go through the loan formalities, inspect the house and find a lawyer.

Many builders of new houses in Ontario have a five-year maintenance plan, and Ontario has a seven-year maintenance plan for new houses. Asking home inspector to inspect the house is a guarantee for friends who buy old houses. Usually the cost ranges from 250 to 350. In addition, bring the signed contract, find a loan institution to handle the loan, find a lawyer to handle the property right search, transfer the property right, check the property right certificate of * * *, and calculate the local tax, management fee, electricity fee and so on. The cost of this piece ranges from 3000-1.5000. Other expenses are not much.

5. I paid the down payment and took the key.

On the day before the delivery date, you should write the first promissory note in the bank and give it to your lawyer. The next day, your lending institution will pay the balance to the other party. I usually get the key from my lawyer before 6 pm. For detached houses, it is simpler. For a building, you should go to the management office to activate the access card, garage remote control and go through the registration formalities.

6. After check-in

If electrical appliances are found to be damaged, contact brokers and lawyers in time to solve them through consultation.