Frankie’s Fredericton

1. Determine how much you can afford. Talk to a mortgage broker or your own banker, but get pre-approved for an amount you can afford.

2. Team up with a real estate agent. You are looking for someone who is a combination of personal adviser, consultant and negotiator. You want someone who will show you homes that match your criteria and guide you through the buying process. Call Frankie Gillespie at 476-2155

3. Make an offer. Your realtor will help you complete the legal documents necessary to present to the seller.

4. Retain a lawyer. You will need a New Brunswick lawyer to purchase a home in New Brunswick.

5. Arrange for a home inspection. A professional home inspection is always a good idea, find out if there are any major problems before you close the deal.

6. Get your mortgage approved by your mortgage lender. (see # 1)

7. Get property insurance. Once you have the insurance in place, forward a copy to your lawyer and your lender.

8. Check the legal details. Once the deal is finalized, you have agreed on a price, the financing is in place, your lawyer can now seach the title and arrange for the property to legally change hands.

9. Complete the paperwork. A few days before the property is set to close you will meet with your lawyer to sign all the paperwork and to provide the down payment and any closing costs.

10. Pick up the keys! Usually on closing day you will walk through the property one more time with your realtor to make sure all is in order, then your lawyer and the seller’s lawyer will exchange documents and money. The home will be registered in your name, you will get the deed and the keys, and move in.