The Steps
So, you want that dream home? I know exactly how to get you there. Here are the typical steps involved in buying a home:
GET PRE-APPROVED
You’ll want to get this process started asap, as getting pre-approved for financing is essential.
CHOOSE AN AGENT
Choose an agent whose personality meshes with your own and whose experience can work in your favour!
HUNT FOR HOMES
I’ll take note of your requirements and start searching for properties that fit the bill!
RESEARCH NEIGHBOURHOODS
Your new neighbourhood is just as important as your home. Look at schools, recreation and shopping.
MAKE AN OFFER
I’ll draw up an offer and negotiate on your behalf.
INSPECTION
This will address any hidden issues in the house.
CLOSE THE SALE
Arrange a closing date and sign the paperwork!
MOVE IN!
You did it! Welcome to your new home!
Choosing A Home
WHAT KIND OF HOME DO YOU WANT?
Are you interested in single- family, condo or townhome? Do some research of what each type of home has to offer. That will help narrow down your search area.
CONSIDER YOUR COMMUTE
Do you need a car to get to work? Are you going to be taking transit? Do a test run before committing to a certain area.
OLD HOUSE OR NEW HOUSE
Older neighbourhoods are great for their charm and character, but often older homes require more repairs, newer developments have modern finishes and less repairs needed.
COMMUNITY
What would you like to see in your new community? Is it more coffee shops? Events? Closer to the water? Whatever it is write it down and choose areas that have those features.
WALKSCORE
How important is it to you to be walking distance to things like schools, shopping and groceries? Think of what you want or need to be close to.
MUST NOT HAVE
Everyone has wants but have you considered the things you don’t want? If you hate noise you might want to steer clear of the college area for example.
Closing Costs
Closing costs are the legal and administrative costs you will need to pay when your house closes. You can expect to pay anywhere from 2% to 5% on closing costs when you buy a home.
BEFORE CLOSING
Deposit
Property Appraisal
Home Inspection
ON CLOSING
Land Transfer Tax
Property Tax
Mortgage Insurance
AFTER CLOSING
Moving Expenses
Utility Connections
Repairs & Maintenance