The first step in buying a property is deciding how much you can afford to spend based on your savings or mortgage.
If taking a mortgage, visit your financial institution to get a pre-qualification letter.
Decide how much you can deposit. This may range from 10% – 15%
of the sale price of the property.
Do you want to live in a single-family home or a complex? You will need to decide what types of properties you are open to purchasing.
How many bedrooms and bathrooms do you need? How much space do you really need?
Where do you want to live? Decide on the Parish, and possible communities.
Be honest with yourself. Balance what you want, with what you need and can afford.
Complete the CRS Client Registration Form.
Upload the required documents.
Subscribe to receive notifications of upcoming auctions.
When an auction goes live, review the available properties. Could any of them meet your needs?
Check Out the Current Properties on Auction!
Visit the location to view the EXTERIOR
of the property. Unlike open market purchases, you typically do not have access to see the inside of auctioned properties, as they may be occupied.
Familiarize yourself with the community. Understand what amenities are available, and the culture of the neighbourhood.
Do your research to determine the value of similar properties. Your CRS Agent
will guide you.
Read the conditions of sale. It outlines the rules of the auctions, your eligibility to bid, and the time to complete the purchase.
Bid on the property that meets your needs and budget.
Check your email and other alerts to know if the auction is closing, or if you have been outbid.
The deposit is usually 10 – 15%
and is typically due within 24 hours of winning the auction. Make sure the funds are available.
Pay the balance within the agreed timeframe. This may be financed through your savings or a mortgage.
Close the Deal
Complete the legal requirements to transfer the title. Your CRS Agent and partners will guide you.
Let everyone know about the high quality service you received at Complete Realty Solutions (CRS).