buyers

10 Steps to Smart Home Buying


Buying a home is no easy feat. Which is why we have decided to embark on providing our readers with as much useful information as possible. Arming yourself with knowledge of the real estate industry can not only save you a lot of money, but ease the burden and duration of the entire process. Below you will find a list of topics we are to cover over on our site. It is a table of contents of sorts to the book of information we plan to blog across this site.  Be sure to take a read, and more importantly, drop us a message if you have any further questions. Thank you.



STEP 1

THE TALK


Meet with us for a pre-buying consultation where we will get you prepared and knowledgeable about one of the biggest milestones you are about to take.  This will help you gain a better understanding so there are no hidden surprises.

  • What’s your motivation to buy?
  • Are you ready?
  • Buying with discipline vs. emotion

STEP 2

THE REALITY CHECK


We’ll go through with you if it’s the right time to buy – help you build your 5-year plan.


  • Understand market conditions. Is it a Buyer’s market?
  • What is the current interest rate?
  • Can you live in your current home for another 6-12 months?
  • What are the repercussions if you decide to wait

STEP 3

THE MONEY CRUNCHER


Now that we’ve determined your reasons for buying and that you ready to buy – let’s talk affordability.



  • What’s your budget?
  • Down payment
  • Do we need to get a pre-approval for a mortgage?
  • Mortgage
  • CMHC insurance
  • Closing costs
  • Laying out your monthly carrying costs
  • Home Insurance
  • Maintenance Fees (depending on type of property)
  • Property Taxes

STEP 4

THE NEEDS VS WANTS

Do your homework before you buy.  Here we breakdown what you need vs. what you want and fitting that into your budget that we just identified.


  • Differentiate between the types of home ownership
  • Do you need a condo or house?
  • Detached/Semi-Detached/Townhouse?
  • Have you considered the lifestyles between a condo and house
  • What is your bare minimum for the size of your home?

STEP 5

THE SPOT

Picking the ideal location is also a key part of the home buying triple constraint. We’ll help you find the right neighbourhood with the right schools.  Do you want a shorter commute to and from work?


  • Schools and ranks
  • Public transportation and accessibility
  • Amenities

STEP 6

THE HUNT


Now that we know what you want, where you want it and how much you can spend – let’s put all this to work.  Let us help you build your portfolio of ideal properties.

STEP 7

THE OFFER


Now that you’re in love, we have to move on to make that a lasting relationship.  It’s important that you don’t let your emotions get the best of you when making an offer. Real estate is an investment – fortunately, we are here to help you put together an Offer to Purchase and discuss all the details.


  • Comparative Market Analysis
  • Submitting Offers
  • Negotiating deals
  • Counter Offers

STEP 8

THE INSPECTION


What’s the first thing you do when you buy something? Make sure it’s in working order! It’s no different for home ownership. We’ll educate you on the importance of a home inspection and ensure we get an inspection done.


STEP 9

THE CLOSER

No, We haven’t switched the topic to baseball – we’re still on home buying.  It’s time to seal the deal.  This is where you meet the key player in closing the deal – the lawyer.


  • What’s entailed in the closing costs
  • Mortgage application fees
  • Legal fees
  • Title Insurance
  • Registration and more

STEP 10

THE MOVE


It’s finally here – D-Day! You move in to your new home.  Congratulations!


  • Call the movers
  • Address change and mail forwarding
  • Yard sale
  • Donate unwanted things
  • Utilities and more

CLOSING CHECKLIST

You've just snagged a great deal for your new home! It's exciting to move into your new home but there's still so much to do! We can help you organize the rest of your move.

GET NOTIFIED ABOUT THE NEXT HOME BUYER SEMINAR

TESTIMONIALS

Jan 12th, 2022

Being a landlord can be stressful but Navi has made the whole process seamless. He is very responsive and knowledgeable and is always available to discuss my concerns or any questions. Would definitely recommend this team!

JJoanne
Mar 31st, 2021

Amelin both sold our home and found us a new one that we love!

Her expertise and calm attitude through both processes were greatly appreciated. She is quick to respond, a strong negotiator and asks the right questions to guide you along. Amelin’s persistence gets results while being respectful to all involved. We really enjoyed our time with her and will work with her again for any future homes we buy/sell.

I would highly recommend Amelin to anyone that is looking for a realtor. She works hard to ensure you get into a home that fits your needs, future plans and budget.

RIRubaiya Islam
Jul 21st, 2021

My husband and I could not be happier with the outcome of the sale of our starter home and the purchase of our forever dream home. We owe our gratitude to Navi, Majury and Rohit for their knowledge and expertise in guiding us through this process. What we loved the most about Bespoke Real Estate Team is that it is true to its name; the experience was painless, and customized to our every need and with 2 young children and the complexities around COVID-19, this was much appreciated. Navi is extremely savvy, and has strong negotiation skills getting us the best price for both the sale and purchase transactions. Majury is patient and was very tuned into our needs for a new home, making the search enjoyable and exciting, and Rohit was meticulous, responsive and reliable at all times. We will absolutely continue to work with Bespoke for all our future needs and highly recommend them to anyone!

ASAbidah Shamji
Jul 28th, 2021

We know many real estate agents but no one came as highly recommended as Theepan. He made us feel like we were his one and only clients, with constant communication throughout the entire process and we felt like he always had our best interest at the forefront. He did not disappoint. If you're looking for an agent, you should look no further.

SHSyed H
Oct 23rd, 2020

I had many questions throughout the buying process and Theepan always answered them in a timely and helpful manner. He also asked the right questions to determine what my definition of a ‘perfect home’ (style, pricing, neighbourhood, etc. etc.) before making recommendations on prospective homes. I really appreciated his patience and availability – especially spending many evenings and weekends looking at homes in different neighbourhoods, different styles of houses, renovated/non-renovated homes, etc. until I found exactly what I wanted. I never felt any pressure from Theepan to put in an offer on a house I did not want. He is also very knowledgeable of the market and provided very frank feedback about the properties (pros and cons). I would definitely recommend Theepan to anyone who is looking for a helpful and professional real estate agent!!

 

DDevakaran Sarathchandran

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/