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 4th, 2022

Working with Theepan and the Bespoke team was like hitting the “easy button” at Staples! Everything from the initial consultation to moving in was so seamless. Theepan also empowered us with thought-provoking questions which helped tremendously, and we felt so comfortable asking all our stupid questions. We’ve already recommended Bespoke to our friends and family, and they’ll definitely be our go-team for all our real estate questions going forward. Keep up the great work guys!

TThanusan and Salujah Chelva
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
May 11th, 2020


Theepan was our realtor for both the sale and purchase of our homes and we had the best experience working with him. He was very patient and knowledgeable about the selling and buying processes and made us feel confident about the huge decisions we made. When it came to selling our parents’ home, Theepan was very hands on during renovations and selected all the amazing finishes. As first-time home buyers for our new home, Theepan made the process very comfortable and ensured we found a house that met all our needs. Our family can’t thank Theepan enough for his dedication and great spirit during this process.
 

JUJaminy U
Apr 6th, 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.

JHJenna Hitchcox
Aug 14th, 2020

When we decided to take the plunge into the real estate market in early 2017, we already knew of the strong track record that Theepan Balasubramaniam and brought to the table. They did not disappoint. We found the property we had envisioned and closed it within six weeks. Being new to home ownership, we found Theepan’s focus on client service to be his defining characteristic which others have commented on as well. His natural inclination to educate his clients rather than just sell to them is what makes Theepan a realtor par excellence. Even after moving in, we have continued to draw on his expertise on everything from plumbing issues to converting our home into an investment property and he has given freely of his time, for which we are grateful. We highly recommend Theepan and the Bespoke team for all your real estate needs. - Tharshiga & Kumaran
 

KNKumaran Nadesan

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