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 13th, 2022

Maj and Navi have been so helpful in the process to find a home. Maj made the process so much smoother and it was comforting to know I could contact her at any time with my questions. She was very honest and welcoming. If you're looking to buy or lease a home, definitely reach out to them! You won't be disappointed.

NKNiguraa Kalaignanan
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
Jan 12th, 2022

When i was looking for a rental property in the GTA, Prez was very knowledgeable and understood my wants/needs and executed it accurately, and a timely manner. He was also willing to help no matter the question as long as it is relates to real estate, and i was amazed at his wealth of knowledge of the industry. Thank you so much Prez, for constantly going above and beyond to meet client's needs and for your professionalism. I will definitely recommend the services of Prez, and his company to family and friends.

KIKehinde Idris
Apr 4th, 2022

Theepan is not only a knowledgeable realtor, but also a genuine human. We have now worked with him on a few transactions and he always has our best interest at the forefront. He throughly explains the process to ensure we understand so that we have confidence in our decisions. He is also very responsive, even after the closing. He takes the time to get to know exactly what we are looking for. He has been very patient with us as we navigate our way through this market. Looking forward to closing on another deal soon! Would highly recommend!

ATAbi Thiru
Jan 12th, 2022

I've been working with Prez for the past year or so he has been outstanding in meeting and exceeding our real estate needs I rely on his real estate advice, service and professionalism. Thank you Prez and keep up the outstanding work.

KKKam Kamran

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