262 Grove Street East, $229,000
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Other details :
| Room | Storey | Dimensions | Flooring |
|---|---|---|---|
| Bathroom | 1st floor | 4.5x9 ft (1.37x2.74 m) | |
| Bathroom | Basement | 5x6 ft (1.52x1.83 m) | |
| Bedroom | 1st floor | 10x13 ft (3.05x3.96 m) | |
| Bedroom 2 | 1st floor | 10x13 ft (3.05x3.96 m) | |
| Bedroom 3 | 1st floor | 10x13 ft (3.05x3.96 m) | |
| Bedroom 4 | Basement | 10x13 ft (3.05x3.96 m) | |
| Bedroom 5 | Basement | 11x13 ft (3.35x3.96 m) | |
| Dining room | Main floor | 9x10 ft (2.74x3.05 m) | |
| Entrance | Main floor | 5x11 ft (1.52x3.35 m) | |
| Kitchen | Main floor | 9x15 ft (2.74x4.57 m) | |
| Kitchenette | Basement | 8x12 ft (2.44x3.66 m) | |
| Living room | Main floor | 11x16 ft (3.35x4.88 m) | |
| Storage | Basement | 24x20 ft (7.32x6.10 m) |
I would recommend this service to anyone that is trying to sell their home. We received excellent suggestions and service from our representative John Babic, who not only provided us with ample signs and support, but also the opportunity to place our home in a local paper at a reasonable price. The greatest thing about this process is that the seller not only saves money, but also the buyer. We had numerous, and I mean numerous realtors approach us and offer to sell our house for between 220 000$ to 240 000$. One thing you must realize is that many realtors will quote you an unreasonably high sale price as a means of "buying" your listing, only to have your house sit on the market while others sell. Others will give a more realistic quote knowing that the house will sell faster, in our case $229 000 was about the right ballpark. This being said, a realtor would have to sell the house at the asking price in order to amount to our actual sale price of 217 000$. Being that most agents realistically said that the house would sell for between 225 000$-220 000$, we then realized a profit of between 4000-9000$ from if we had used a realtor. Being that most realtors charge a 5% comission, that means they simply inflate the price by 5% of actual market value, so in selling the home yourself the buyer is paying actual market value and not an inflated price. I would also like to clear up common misconceptions that a realtor will try to use as a means of attaining your listing: 1) Your home will not get the exposure needed through Bytheowner.com. With the internet, most, if not all buyers find the homes they are looking for through web searches and newspapers. The realtor realistically only accompanies buyers to homes that they find through these resources. 2) Going through the offer process is difficult. Nothing can be further from the truth!! It is actually easier then through a realtor, instead of sending offers back and forth, going through the annoyance of offers and counter offers, all you do is verbally negotiate, then once terms are agreed to, the buyer fills out an offer sheet with the agreed upon terms and you both visit your lawyers to concrete the offer. No matter what, both seller and buyer will need to take the offers to a lawyer, so realistically all the realtors do is slow up the process by filling out numerous offer sheets, going back and forth. 3) It is inconvienient setting up house showings. Absolutely not!! This is the most convienent part of the process, you make the decisions when someone can see your house and you are the ones showing it. Who knows the upside of your home better then you? Overall, this is a great process and much more rewarding in the end. Knowing you saved 5, 10 or 20 thousand dollars is a great feeling. All it takes is some patience, diligence and thick skin when dealing with realtors. Once people become more comfortable with this process realtors will thankfully become a thing of the past!!
| Expenses summary | Monthly | Annual |
|---|---|---|
| Mortgage | ||
| Property taxes | $203.29 | $2,439.50 |
| Electricity | $91.67 | $1,100 |
| Insurance | $60 | $720 |
| Heating | $100 | $1,200 |
| Total known costs | $454.96 | $5,459.50 |
So you decided you like this property and would like to make an offer.
Here are the steps.
As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.
It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.
You can contact your lawyer for help with filling out the offer document, which can be downloaded from the comfree website or provided to you by the seller. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).
Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.
New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.
Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.
There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.
This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!
ComFree is a team of more than 235 people committed to providing you with outstanding service so you can successfully sell your home.
The members of our team are not registered under the Real Estate legislation unless specifically mentioned.
1.866.336.9637