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

Jul 29th, 2021

Thank you Theepan for your invaluable advice and service. You helped us sell our home in a week’s time. From the day we met you till the day we signed off on the sale, your service was impeccable. We also appreciated how compassionate and understanding you were during this stressful period.  Thank you for being very responsive, and going beyond our expectations.

SSabesan Jeyarajasingam
Mar 29th, 2022

Prez was our realtor agent from Bespoke. A great guy , helped us buy an incredible house in less than 2 months in Scarborough, Toronto! He's got some great professional skills, calm and knowledgeable. Easily approachable and right away attended to our needs when in doubt or question. Overall my husband and I had an excellent experience working with Prez. Would love to work again in the future if possible 😁

DPDr Pai
Jan 28th, 2020

I have worked with Theepan and his team to find tenents for my propery and to also sell my house. There were some complications from my side but the Bespoke team handled everything in a very professional manner. This resulted in very little involvement from my side and prevented a lot of stress for me. The house was sold without any disruption to my daily life. I would definitely work with them again.

SSSumu Sathi
May 26th, 2020

Theepan made two house deals for our family. we are very pleased of their services, Trustworthy, accuracy, and suggestions. Specially pandemic time, whole selling process was making w/electronics. Thank you for your services and valuable time.

ARAminur Rahman
Jan 3rd, 2020

Where do we start, I first want to say THANK YOU to Theepan Balasubramaniam . From day one when were looking to sell our home he stepped in and walked us through the ropes. He made it easy and stress free when we were selling our house. When it was time to look for our new home I knew right away he was our guy!... He didnt rush us, he didnt pressure us, and he waiting till we were ready ! Our journey to looking at homes which we probably walked into over 30 homes and over the course of 5 months i know we worked him hard and he was always helpful and available. I thank you very much brother for helping us find our first home where me my wife and our baby are excited to start a new journey ! I know you will also help us find our dream home in the near future to come. We are truly happy to know you and to have worked with you ! To anyone looking to buy or sell or just looking around just have sit down coffee at his favourite place "Coffee Culture" im sure you will be amazed by his passion for helpng others! Thank you to the entire Bespoke team for helping my family navigate through this journey!

PSPak Selvarajah