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Smart Real Estate gives to the BUYER
15% of our net commission! *
This is our NEW program in Calgary!
(for a property purchased for $400,000, our commission could be $8000,
15%=$1200)
*The offer is available only to buyers who hire Smart Real Estate as their exclusive buyers agent when purchasing a property and is paid after the brokerage receives the monies from the seller's brokerage. Occasionally, the seller or the listing brokerage will offer the brokerage representing the buyer a bonus or other additional incentive over and above the cooperating brokerage commission. Any such bonuses, gst or other additional incentives are separate and apart from the cooperating brokerage commission actually received by Smart Real Estate Corp. and the buyer is not entitled to any monies paid to Smart Real estate over and above the cooperative broker commission. This rebate program is only available in Calgary and immediate surrounding area.
If you need legal or tax advice regardiing this bonus, please consult with the appropriate professional. This offer subject to conditions, limitations, exclusions, modifications, and/or discontinuation without notice.
This is not intended to solicit any buyers currently under Buyer's Brokerage contract. |
Buying? Downsizing? Upgrading? Building? In Calgary? Call us NOW!
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Congratulations! You have decided to purchase a home. You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. More than that -over time your home will increase in value too.
In the following reports, you'll find the necessary information to make a wise buying decision. We will take you step-by-step through the planning process to help you determine which home is right for you. You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving. |
Please select desired reports and complete the form provided.
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Advice and Info for BUYERS
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PURCHASE WITH IMPROVEMENT MORTGAGE
This program is designed for people who wish to purchase a home that may require some immediate upgrades. For example, a new electrical service, a new roof, central air, a new furnace, new siding, eaves, fascia, doors, windows, a new kitchen, carpeting... or any other renovation that would increase the value of the home. If a buyer wants to use the purchase with improvement program they must obtain a quote from a contractor for the repair work and or the improvements to be done to the home.
Note: The lender will "hold-back" on closing the "improvement" portion of the mortgage until the work has been completed. Once the work has been completed, the lender will advance the balance of the funds and the contractor can be paid back.
Purchase With Improvement Mortgage Example:
Purchase Price $300,000.00 x 95% = $285,000.00
Cost of Improvements $10,000.00 x 95% = $9,500.00
Total Mortgage $310,000 x 95% = $294,500.00
In this example, the client is putting down 5%. The mortgage application is made for the amount of $294,500.00, which represents 95% of the purchase price and improvement cost. After the improvements are complete the lender advances the holdback of $10,000. |
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