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

Nov 20th, 2021

If you're looking for an expert to help you navigate the real estate industry as a first-time home buyer, Theepan Balasubramaniam from Bespoke is the man! He has expertise and specialties in the Markham, Scarborough, Pickering, Downtown Toronto, North York and East York communities whether it's in residential houses, lofts or condominiums (I'm sure he has expertise in other communities, but these areas were my focus). He will make you and your needs a priority and will accommodate your schedule. He is thorough, knowledgeable, dependable and consistent. He listens precisely to your needs in what you are looking for in a home and will stop at nothing until you get EXACTLY what you want, at the price you want it. He takes the time to understand your lifestyle in order to ensure what you want is what you actually need. I am forever grateful to Theepan for helping me find my beautiful dream home.

TTanya
Sep 29th, 2021

We had the pleasure of purchasing our first house with the help from Theepan and his team at Bespoke. We were referred to him by my uncle who spoke highly of him, and boy did he not disappoint! Theepan was very professional, patient, and incredibly knowledgeable when it came to not only finding us a home that met all our needs and wants but also educating us on making smart choices when it came to real estate market along the way. He made the house buying process super smooth for us, something that’s often looked as a stressful transaction but was rather the opposite for us. We can go on and on but honestly you don’t need to look further when you’re looking for a realtor team. Bespoke is really IT. We can’t wait to buy our next property with Bespoke. Thank you for everything.

FZFariha Z
Jul 3rd, 2021

My fiancé and I had the privilege of partnering with Navi and the Bespoke team in our search for a house. Navi is very professional, and really went above and beyond in assuring us that everything was in order, and providing us unbiased advice. Thanks to him and the team, we were able to purchase a property we truly love! If you are in the market to purchase or sell a property, I would highly recommend to call them!

PPoonanji
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
Apr 20th, 2021

It’s been more than a year since my husband and I became homeowners. There is no doubt Theepan and his team are very knowledgeable about real estate. Both Theepan and Navi were easy going and very patient during the experience of purchasing our home. However, we weren’t thrilled about the process after closing the property. We felt an effort wasn’t made to maintain a lasting client-realtor relationship. It was kind of an abrupt end with some attempts. Honestly, a simple thank you note would of suffice. This was the only element lacking, and would have tied in to make the experience great.

AAAlissa Alvir