I Have an Accepted Offer, Now What?

Author: Boychuk Mortgage Group |

  • Here are twelve touch points to consider:
  • Confirm your numbers - projected rents vs expenses. Reanalyze!
  • Review comparables in your area to pinpoint a final price.
  • Review the sales history of the home you are planning to purchase – this report can tell you a story about the property and how motivated the sellers are.
  • Get your mortgage approved and your property appraisal done!
  • Inform your property manager.
  • Get your home insurance policy quote in place.
  • Review the current tenancy schedules - if applicable.
  • Call the city – confirm no issues from their end. i.e., illegal suites.
  • Confirm property conditions and any updates required. For example: Hot water tank, HVAC, roof, plumbing, electrical, cosmetic work, etc..
  • Review all documents including purchase, strata, title, disclosures, and more.
  • Inform your legal team of your new purchase.
  • Conduct your home inspection – confirm no deficiencies.
  • Final review before subject removal – GUT CHECK!