As your personal guide and trustworthy Sales Representatives, we strive to give you the best of the best.  We've composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!

Step 1: Decide to Buy 

Before you even go looking for a home, you have to understand your needs. Think about the type of place you’re looking for. Are you looking for a lot of bedrooms and washrooms for your family? Do you want a pool in the backyard? Do you want to live close to a school or a mall? These are just some of the things you have to consider before you start looking for a new home.

You also have to familiarize yourself with different types of ownership as well to help narrow down the perfect home. Freehold is when it’s all yours, a condo is when you take care of the inside and pay your fees to an association, and co-op is similar to a condo but you are essentially co-owner of the building & are responsible for your unit and to pay the maintenance and repair fees.

Once you have narrowed down some qualities, its time to go looking for a home!

Step 2: Hire an Agent

There are thousands of real estate agents, so how do you chose one that’s right for you?

You have to pick carefully. They will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust and someone who understands what you want.

A great agent is someone who provides you with quality service to help you accomplish your goal and who is willing to provide a **Buyer Rebate to help increase your inital equity.

Step 3: Find your Home

There are many ways of finding that dream home! First, before you go shopping you have to make sure you are also financially ready. Make sure to have a budget when you go shopping. You can use my very handy affordability calculator by clicking here. 

One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay. The more money you put down, the more you’ll save on monthly payments and cost of borrowing. Another important aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house.

Keeping these things in mind, you are free to go window shopping! You can go searching for houses according to the different neighbourhood surrounding you, check magazine listings, websites, or even drop by any open houses that are being held in your area. Looking for houses can be really fun and exciting! You can browse listings on my site by choosing a real estate market under the Tab - LISTINGS.

Step 4: Make an Offer Now

Now that you’ve found the house that you are set on, it’s time to make an offer. Not all offers are the same and here’s where your Realtor comes in. They will help you with specific terms and conditions that will be specified in the offer like the price you want to pay, financing conditions, or other things like inclusions and exclusions.

Not only is it about the price of the house but you have to carefully look at the other details included in this sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in the offer.

If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.

Step 5: Close the Sale

There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees. But once that’s taken care of, you get your new house.

Congrats, welcome to your new home! You’re all ready to move in!