We are here for you
Buying a home is one of the largest financial transactions you will make in your life, so there are many important questions to consider when purchasing a home.
The Sold by Shearers Team goes beyond the transaction and will be there for you every step of the way. Trust the experience of our real estate team to help you find your dream home.
Just a few of the benefits of buying with us include:
- Members of CLAR Real Estate board
- Knowledgeable and Local to Peterborough Neighbourhoods
- Up-to-date on what's happening in the current shifting markets
- Motivated to find your dream home!
- Get the best price and save you time!
Supporting you every step of the way
If you're buying, we can enhance your search process by helping you uncover what you may not have considered. See the following examples:
- location
- lot type
- surrounding amenities
Homes are also made up of about a dozen different core systems ranging from heating and cooling, water supply and waste, roofing, insulation, electrical and more. There are a lot of moving parts, and a lot of parts that shouldn't move, that we can help you keep track of.
Using our property search tools, you'll be able to find the home that best meets your needs.
From offer creation to the time you get your keys, there are crucial steps that we can help walk you through and connect you to the right people to get the job done.
ONE STEP FURTHER...
Get All the Recent & Relevant Listings...
New homes for sale hit the real estate market daily. As your representative we will provide you with a list of new listings frequently. Century 21 United Realty Brokerage has over 130 + agents that discuss listings before they hit the market. Everyday, within our brokerage a daily summary is sent to our email of the listings that hit the MLS system that day. Often, our buyers can put in offers with little competition in multiple offer situations and achieve the best price. When working with Sold by Shearers we ensure the properties that meet your needs and preferences are found efficiently and are put in front of you as soon as possible.
What we see ...
As you look at the listings we have provided you, we will look at the behind the scenes information. As your real estate agent, it is our duty to provide you with important information that may impact your decision about offers on a home such as neighborhood, zoning, utilities, and nearby plans for development.
Experts on your Side...
Many real estate transactions can become an extensive process. We negotiate on your behalf, represent and advocate for your best interests while achieving the best possible outcome. We will attend property inspections, make sure agreed-upon terms are completed prior to closing, and handle all of the paperwork related to offers on the property(s). Our team may also work directly with a mortgage broker to make financing as smooth as possible.
As a homebuyer you may reach hurdles and roadblocks during this process but with our real estate knowledge and problem solving mindset we will help you navigate through these until we find your dream home.
Best Possible Outcome...
Working with Sold by Shearers during the homebuying process will save you time and add professional guidance to every step of the process. Getting the best possible outcome for our clients is a task we strive for with every real estate transaction.
Sold by Shearer's Featured listings
WHAT TO CONSIDER BEFORE BEGINNING...
What Features do you need from your home?
- A larger lot
- How many bathrooms?
- How many bedrooms?
- Do you want a pool?
- How about a garage?
These are just some attributes of a home to consider when looking to make a purchase. Ask us any questions about what should be on your want or need list.
Location, Location, Location!
The location of your home plays a key role in your everyday life.
- Amenities in proximity to your home such as schools, parks etc.
- A shorter commute to work?
- Neighbourhood
- Close to family, friends or colleagues
These are just some things to consider when talking about the location you would like to live in. See Our Communities pages for an in-depth view of our local neighbourhoods!
Choosing a REALTOR Made for YOU!
- Personality and preferences
- Local or Out-of-board
- Knowledgeable and skilled
- Accessible
- Good references or referrals
- Honesty & Integrity
- Passion
- Strong Online Presence
- Experience
Price
It is important to know how much your budget is before house hunting.
- Repairs
- REALTOR Fees
- Land transfer tax
- Appraisals
- Legal Fees
- Home Inspections
THE HOME BUYING PROCESS
In The Beginning...
- The very first thing to do as a new home buyer is get pre-approved for financing. From there you will establish a reasonable price range which will form your budget for house shopping.
- Deposit funds should be readily accessible. A deposit (down payment) is a percentage of the purchase price and will be anywhere between 5% - 20%.
- Drive the neighbourhoods you are considering, talk to the neighbours and do your research about where you would like to live.
- Maintain an open line of communication with your REALTORS when it comes to changes involving interests, wants, needs and preferences.
- Then, begin house shopping!
Viewing Homes
6. We will be responsible for scheduling viewings through brokerages at mutually agreed-upon times.
7. Each showing will take approximately 30 minutes to complete and we can return for further viewings at your favourites
8. We look at the exterior and interior features during showings to assess whether the home is right for your family, budget and future goals.
Offer to Purchase - Almost There ...
9. Once you have found a home to put an offer on, our team will provide your with comparable and recent solds in that neighbourhood to ensure that your offering is realistic. Sometimes sellers asking prices will be higher than market value, and we will ensure your offering is within market standards, creating a fair atmosphere for both the buyer and seller. We will then send a written offer. Often the conditions to consider putting in your offer include:
- Financing
- Home Inspection
- Re-visit the home prior to closing
- Tenants
- Repairs
- Sale of buyer's property (SOBP)
- Escape clauses
10. At the time of an accepted offer, a deposit cheque will be made out to the listing brokerage. This money is held in a Trust Account until the date of closing. If conditions are not met before the conditional date, and the transaction does not close, the deposit will be returned to the buyer in full.
11. If your offer is not accepted, we will continue to negotiate the terms or move onto another property of interest if no agreement can be reached. Often, price, possession dates and exclusions/inclusions are commonly negotiable terms.
Once Conditions are Removed...
12. Contact your lawyer to sign documents and transfer title of the property
13. Contact all utility companies to transfer them into the buyer's name on the possession date.
14. Secure insurance and provide a copy to your lawyer for mortgage funds to be released.
15. On possession day, do a walkthrough to ensure all chattels, fixtures and inclusions are in good working order.
After Moving In …
16. Enjoy your new home!
17. Contact us with any further questions
18. If you enjoyed working with us, please leave us a google review about your experience so others can benefit from your recommendation: https://g.page/r/CT7TuTNxtveNEAI/review
19. Enjoy your Sold by Shearers purchase gift while making cherished memories in your new home.
Have Questions About Buying?
Check out these FAQs for buying real estate in Peterborough County.
What do I need to begin property searching?
First, you should get pre-approved for a mortgage by your local mortgage broker. This not only prepares you for finding a perfect home within your budget but also locks in your interest rates for 120 days while you search properties. Then, you'll need to make a list of wants vs. needs for your perfect home. Last, put a check mark beside the ones you absolutely need such as 3 bedrooms, a backyard, a bathtub etc.
Do you do a Buyers Consultation to explain the home buying process?
Yes! Our team offers buyer consultations, it is a great time to discuss what costs you need to know about, what's involved in an offer, and conditions you should consider.
What will the Down Payment be?
A down payment is the portion of the home price that isn't included in the mortgage loan. This money usually comes from your own savings and you need 5% of the purchase price, if you have mortgage insurance from CMHC. Otherwise other mortgages could be up to 20% down payment.
How do I search for properties?
Other than the obvious choices with the Internet and Open Houses, working with a REALTOR will grant you access to properties not on the MLS system yet, as well as information about those properties that may not be available to the public. A REALTOR can help you find the property that checks all of your boxes.
How do I find out about the Neighbourhood?
Finding out about neighbourhoods can be a difficult task. Here are some of the ways to get a feel for a neighbourhood:
- Ask your Realtor - when using a local realtor they are likely knowledgeable of the different neighbourhoods within the city
- Drive around the neighbourhood and observe. Are there children playing? Is it quiet? Noisy?
- Stop and talk to neighbours. The people living in the neighbourhood will be an excellent source of what's going on in their community that might not have been disclosed
- Internet - Your Realtor can help you research schools, amenities, travel time to work and many other key factors to making the move
HOME BUYER'S GLOSSARY
AMORTIZATION PERIOD
The number of years it takes to repay the entire amount of the financing based on a set of fixed payments.
APPRASIAL
The process of determining the market value of a property.
CLOSED Mortgage
A mortgage that can not be prepaid or negotiated for a set period of time without penalties.
Closing date
The date on which the new owner takes possession of the property and the sale becomes final.
Collateral
An asset, such as term deposit, Canada Savings Bond, or automobile, that you offer as security for a loan.
Deposit
A sum of money deposited in trust by the purchaser on making an offer to purchase. When the offer is accepted by the vendor (Seller), the deposit is held in trust by the listing real estate broker, lawyer, or notary, until the closing date of sale, at which point it is given to the vendor.
Equity
The difference between the market value of the property and any outstanding mortgages registered against the property. This difference belongs to the owner of that property.
MORTGAGE
A mortgage is a loan that uses a piece of real estate as a security. Once the loan is paid-off, the lender provides a discharge for that mortgage.
Term
The period of time the financing agreement covers. The terms avaialbe can be short or long term and the interest rates will be fixed for whatever term one chooses.
PETERBOROUGH SERVICES AND UTILITIES
Water
Peterborough Utilities - 705-748-9300
Gas
Enbridge Gas - 1-877-362-7434
Electricity
Hydro One - 1 (888) 664-9376
Need More? We're Always Happy to Chat!
Fill out the form below for a free home buyer's guide to learn more about the process, and how our real estate professionals can help guide you through the process.
Neighbourhood News
Want insight into a particular neighbourhood? Fill out the form to get started
Take the next step in your journey
We look forward to working with you and helping you reach your home ownership goals. Reach out to get in touch and start the process today. We offer:
CENTURY 21 UNITED REALTY BROKERAGE INC.
387 George Street South (PO Box 178), Peterborough, ON K9J6Y8
(705) 743-4444
CALL THE SOLD BY SHEARERS TEAM : 705-957-9073
JOANNE SHEARER
BROKER
T: 705-930-1750
E: info@joanneshearer.com
AJ SHEARER
BROKER
T: 705-957-9073
E: info@ajshearer.com
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The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.
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