BUYING A HOME

Mirjana is committed to guiding you throughout the buying process. Her home buyer service will empower you with key market information and every possible advantage to ensure you make informed decisions creating a stress free and enjoyable home buying process.

What you can expect:


  1. Absolutely no fees or costs to you as Mirjana's buyer client.
  2. Access to property listings based on a variety of search parameters, only available on the REALTOR® MLS® Real Estate Board.
  3. Access to a database of expired listings that may reconsider selling.
  4. Proactive prospecting in your desired area to locate potential sellers with homes that match your criteria.
  5. Up-to-the-minute access to the best deals on the market, including brand new MLS® listings, newly price reduced properties, new home options, private sales and deals under contract that have fallen through.   
  6. The most current real estate market information that may impact your buying decision, including mortgage changes, statistical sales data on median house prices, sales and months of inventory, local area market changes, trends and more.   


Mirjana will make every effort to satisfy everything that is important to you regarding the purchase of your new home in a caring, considerate and efficient manner.


In today's competitive market timing is everything. Many good homes are sold before they are ever advertised. Mirjana will work with you to beat other home buyers with her New Listings Notification Program. 

Mirjana will send you custom email listings that match your search criteria. Your initial house hunting will involve screening listings electronically by previewing homes online. It’s a great opportunity to get a feel for the neighbourhood, amenities and to refine your search criteria, and ask questions.

How much do you need for a down payment towards the purchase of a home?

It depends on the purchase price of the home.  A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the remaining price of the home.

What's the minimum down payment towards the purchase of a home?

  • if the purchase price of your home is $500,000 or less, the minimum downpayment is 5%
  • if the purchase price of your home is between $500,000 and $999,999, the minimum downpayment is 5% for the first $500,000 and 10% for the portion of the purchase price above $500,000
  • if the purchase price of your home is $1,000,000 or more, the minimum downpayment is 20%

 

What's the minimum down payment towards the purchase of an investment property?

Financing an investment property is a little more complex, as you need to consider the number of units your building will have. 

  • 1-4 units are zoned residential, slightly more difficult qualification criteria and financing options
  • 5 or more units are zoned commercial, requiring a commercial mortgage, higher interest rates and  and more difficult qualification criteria
  • non owner occupied investment properties require minimum 20% downpayment
  • 1-2 unit owner occupied, minimum 5% down payment if under $500,000, if the purchase price is over $500,000, the minimum down payment for owner-occupied properties is equal to 5% of the first $500,000 plus 10% of any amount over $500,000
  • 3-4 unit owner occupied, minimum downpayment of 10%
For more information about mortgages for investment properties, visit ratehub.ca's Investment Properties Canada.

Serving Oakville, Mississauga, Burlington and surrounding areas.
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Mirjana Spehar

Right At Home Realty Inc.

5111 New St.  Burlington,  ON  L7L1V2 

Phone: 9056371700

mirjana@msrealestate.ca

HOME BUYERS GUIDE


Start by educating yourself on how the buying process works. You are about to buy the biggest asset you will ever purchase and the more you know, the better your decisions will be. Getting the facts will make it easier and less intimidating, and help ensure you make the right decisions.  Click on the photo and send us an email to receive your free copy of our Home Buyer's Guide.