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
Navi is extremely professional, courteous, knowledgeable and has a very calm demeanor. The home buying/selling process is known to be one of the most stressful times in ones life and Navi helped navi-gate (see what I did there? 😏) us through that with little to no stress. He was very patient with us when seeing so, so many homes & offered expertise when we had loads of questions. I would highly recommend Navi for your home buying/selling needs! Thanks Navi!! <3
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.
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.
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.
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.
Real Estate Websites by Web4Realty
https://web4realty.com/