Saturday, December 8, 2012

Buying Properties in Alliston Ontario

By Roger Frost


Alliston traces its history to three brothers, William, John and Dickson Fletcher. Dissatisfied with life in England, the three left for Toronto, working farms in Toronto Gore northwest of the city. In 1821 William purchased Lot 15, Consession 3, Tecumseth Township. He married in 1828, and in 1847 went scouting locations for the construction of a mill with his son John. The chose a location at Lot 1, Consession 1, Essa Township, at the corner where four of the original townships of southern Simcoe County (Adjala, Tosorontio, Essa, and Tecumseth) meet. In early November they built a cabin on the property, and the rest of the family joined them in April the next year. A larger house, known as Fletcher House, was built in 1849, and still stands at 18 Fletcher Crescent.

Pre-approved mortgages are a good idea prior to looking for properties. Your bank or financial institution will tell you in writing what the limit price is for your future Alliston property. A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.

Power of Sale homes can look attractive to bargain shoppers but will require more work than the average listing in Alliston. When buying a Power of Sale Canadian Banks will typically not assume responsibility for any part of the home. You will be buying it "as is" with no warranties or guarantees. This is where the Alliston Home Inspector is a valuable asset because having the experience of over 4,000 inspections and being a Certified Building Code Official makes choosing the best the right choice.

The listing Real Estate agent or broker anticipates receiving a commission for the services the agent has provided at the conclusion of selling the listed property. Usually, the payment of a commission to the agent or brokerage is contingent upon finding a sucessful buyer for the real estate listed, the successful negotiation of a purchase contract between a satisfactory buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller.

Your Professional Realtor will check your chosen area for recently sold homes, listed homes and homes that failed to sell, to give you a "market based" price for the home you are planning to purchase. Knowing in advance what you are willing to pay is half the battle when negotiating the final price. Accurate pricing information and a firm pricing plan can help prevent you from overpaying for your dream home.

Many people who have been turned down by traditional mortgage lenders are turning to the Rent to Own method of home buying. For many, the rent-to-own home may be the best option. Also called a lease-to-own house, the process works similarly to a car lease : Renters pay a certain amount each month to live in the house, and at the end of a set period -- generally within three years -- they have the option to buy the house. Each month of rent they pay is income for the seller, while a portion of it goes toward a down payment to eventually buy the home.




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