Wednesday, March 17, 2004
Today's page count is 744
This week sees us running around finalising the paperwork to buy the house. We won't be moving in until the weekend of 12th June, but we have until the end of this week to produce a waiver.
A waiver is a legal document waiving our conditions of purchase, which we placed on the offer that was accepted by the vendor. Basically, we said we'd buy the house on the condition that we could get a mortgage, and that our survey (inspection) didn't throw up anything that caused us concern. The seller agreed to these conditions, but only if we waived them by the end of this week. This gives them the right to put the house back on the market if we decide to pull out for lack of mortgage or bad inspection results.
Once the waiver is delivered to the seller, the whole thing is legally binding. They have to sell the house to us and present it to us in a habitable state by 11th June, and we have to buy it from them at the agreed price and present them with the cash, also by 11th June.
We have the mortgage agreed - we're going to see the bank tonight to decide what KIND of mortgage we want. We had the inspection yesterday, and on a scale of 1 to 9 where 5 is average and 9 is good, our house came in at a "6, for it's age". We're happy - there are a few things to note, but nothing that screams to be fixed. Photos of the house will be available when I get the film developed (I forgot to take the digital camera). We're looking forward to moving in :-)
Our shipment of goods have arrived from Britain. They're in the customs building awaiting clearance. We have to be there for the customs officials to clear them, and we need the paperwork from the removal company to give to customs before they'll give us our goods. This paperwork is currently working its way through Canada Post. (I'll devote another blog entry later this month to that fine institution ...) So when we get the removal company's paperwork, we go to customs, clear the goods, and fax the stamped paperwork back to the removal company who will then store our stuff until we move in June. This assumes that the customs officials don't have a problem with our stuff, but I don't see why they should. Everything is listed, nothing is on the prohibited list, and there's no duty to pay on anything either. Straight in and out, pay for the extra insurance and storage charges (as the removal company have to look after our stuff for a few more weeks than anticipated) and BAMM! We're moved.
One last note today about the weather. It was a balmy plus two or three degrees until yesterday, when a snow storm came in and we're now facing 15 inches of snow for the next couple of days. Spring starts in Canada only in retrospect. "When did it stop snowing? THAT'S when spring started".
This week sees us running around finalising the paperwork to buy the house. We won't be moving in until the weekend of 12th June, but we have until the end of this week to produce a waiver.
A waiver is a legal document waiving our conditions of purchase, which we placed on the offer that was accepted by the vendor. Basically, we said we'd buy the house on the condition that we could get a mortgage, and that our survey (inspection) didn't throw up anything that caused us concern. The seller agreed to these conditions, but only if we waived them by the end of this week. This gives them the right to put the house back on the market if we decide to pull out for lack of mortgage or bad inspection results.
Once the waiver is delivered to the seller, the whole thing is legally binding. They have to sell the house to us and present it to us in a habitable state by 11th June, and we have to buy it from them at the agreed price and present them with the cash, also by 11th June.
We have the mortgage agreed - we're going to see the bank tonight to decide what KIND of mortgage we want. We had the inspection yesterday, and on a scale of 1 to 9 where 5 is average and 9 is good, our house came in at a "6, for it's age". We're happy - there are a few things to note, but nothing that screams to be fixed. Photos of the house will be available when I get the film developed (I forgot to take the digital camera). We're looking forward to moving in :-)
Our shipment of goods have arrived from Britain. They're in the customs building awaiting clearance. We have to be there for the customs officials to clear them, and we need the paperwork from the removal company to give to customs before they'll give us our goods. This paperwork is currently working its way through Canada Post. (I'll devote another blog entry later this month to that fine institution ...) So when we get the removal company's paperwork, we go to customs, clear the goods, and fax the stamped paperwork back to the removal company who will then store our stuff until we move in June. This assumes that the customs officials don't have a problem with our stuff, but I don't see why they should. Everything is listed, nothing is on the prohibited list, and there's no duty to pay on anything either. Straight in and out, pay for the extra insurance and storage charges (as the removal company have to look after our stuff for a few more weeks than anticipated) and BAMM! We're moved.
One last note today about the weather. It was a balmy plus two or three degrees until yesterday, when a snow storm came in and we're now facing 15 inches of snow for the next couple of days. Spring starts in Canada only in retrospect. "When did it stop snowing? THAT'S when spring started".
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