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

I have had the pleasure of dealing with Majury. She was quick and efficient with finding us a rental when we weren’t ready to buy. She even found some good potential properties and helped steer us in the right direction when we were ready to purchase our first home. Majury went above and beyond and would recommend her to all of our friends and family! What a great asset to your team!

SRSarmily Ratneswaran
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
Feb 12th, 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
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
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

Web4Realty

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