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 21st, 2021

My husband and I could not be happier with the outcome of the sale of our starter home and the purchase of our forever dream home. We owe our gratitude to Navi, Majury and Rohit for their knowledge and expertise in guiding us through this process. What we loved the most about Bespoke Real Estate Team is that it is true to its name; the experience was painless, and customized to our every need and with 2 young children and the complexities around COVID-19, this was much appreciated. Navi is extremely savvy, and has strong negotiation skills getting us the best price for both the sale and purchase transactions. Majury is patient and was very tuned into our needs for a new home, making the search enjoyable and exciting, and Rohit was meticulous, responsive and reliable at all times. We will absolutely continue to work with Bespoke for all our future needs and highly recommend them to anyone!

ASAbidah Shamji
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
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
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

Majorie is a fantastic committed professional. She listens to your wants and needs ensuring to find the right fit. Excellent communicator that goes above and beyond to fulfill client requests. She makes you feel valued and appreciates your busness. Majorie's collaborative style and great work relationship with colleagues aids in making your home search a positive and rewarding one.

YBYvette Blackburn Blackburn

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