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 29th, 2022

I had the pleasure of working with Amelin in the sale of our home. She was an absolute delight to work with. Amelin was involved from the very beginning. She guided us in ensuring we made the right renovations that would give us optimal value, found us great contractors for the work and made sure the house was on the market in the timeline we wanted. Amelin’s work ethic along with the Bespoke Team’s impeccable marketing strategy got our home sold for $400, 000 over asking in such a short amount of time!! We couldn’t be more happier!

I would definitely recommend Amelin to anyone whose looking for a hard working, honest and reliable realtor! With her humorous and humble personality you will enjoy working with her. She’ll become a trusted friend, which she is to us now.

NGNoelene G
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
Jul 29th, 2021

The team keeps the interaction professional and courteous. They try to ensure minimal effort on the clients part and were quick to cater to my needs. Thanks to the Bespoke team.

AAyo Tek
Jan 8th, 2022

We bought our first home with Theepan and we can't express enough how impressed we were with the amount of time and effort he put in to helping us find our first home. Theepan sought to get a deep understanding of our wants and needs in order to provide us with great options to evaluate. In a competitive market and despite our tall order, he was able to successfully find what we were looking for and helped us secure what we wanted. He provided us with valuable advice throughout the journey and answered all of our questions to make the first time home buying process as stress free as possible. He was also incredibly professional, always punctual and very flexible to working within our schedules. We highly recommend Theepan and the Bespoke Team to anyone looking for real estate support!

MTManivana Thevathsan
Jan 10th, 2021

My wife and I were referred to Theepan by one of his previous clients. We couldn’t be more grateful to Theepan and his team for their commendable job and hard work in helping us find our first dream home. Theepan’s professionalism, immense knowledge of the area, negotiation skills and guidance to meet our specific needs/wants made the process a breeze and exceptionally seamless, even during the pandemic. He always went above and beyond our expectations to show us new listings (on top of what we had asked), and was our one-stop shop for all our real estate needs.

SWSimaranjot Walia

Web4Realty

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