Thanks for getting me such a great deal
"Lindsay, thanks for helping me to find my new home in "new Oshawa". One of the reasons I chose to work with you was due to your knowledge and experience with real estate in north Oshawa. Given my tight budget and need for a quick move in date I was worried about finding a home but you showed me several that were possibilities and I found the perfect home within weeks of looking. Thanks for getting me such a good deal on it and I am looking forward to moving in a few weeks. Thanks!"
Ken Puustrom
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Financing Your Home >Financial Help
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
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Lindsay Smith RE/MAX Jazz Inc. 21 Drew Street Oshawa, ON L1H 4Z7 905-434-5222 Toll Free: 1-888-732-1600 Fax: 905-436-1745 lindsay@soldbylindsay.com
Negotiating for over 2 decades means having gained experience from many difficult and challenging situations. I bring this experience with me to help you achieve a better price. I am continually negotiating with sales reps with lesser experience which gives my clients the opportunity to sell higher or buy lower.
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