Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How does a relocation buyer make an offer from out of town?

A relocation buyer makes an offer from out of town the way a local buyer does, through a signed offer and a mortgage pre-approval, but relies more on a virtual walkthrough and a local agent's account of condition, since CMHC insurance rules apply the same way regardless of where the buyer currently lives.

Financing has to be lined up before the offer, not after, since a lender needs a pre-approval on file regardless of where the buyer currently lives, and a mortgage broker familiar with out-of-province or out-of-country income documentation can move that step faster than a generic online application.

A home inspection condition, typically covering a $400 to $600 inspection, matters even more for a buyer who has not walked the property in person, since it is the one in-person check standing between a video tour and an as-is purchase.

Once an offer is accepted, a lawyer and Information Services Corporation handle the title transfer, and the buyer can complete the purchase without ever setting foot in the home before possession day. Get your hand-reviewed valuation from Joel Dyck.

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