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

Feb 6th, 2022

We worked with Theepan on our recent purchase and time and time again, Theepan proves to be not only professional, but as someone who always looks out for his clients. This is not our first purchase with Theepan and no matter what we're out to buy, it's always such an immense pleasure working with him. We were looking at properties during peak Covid during March and April, and Theepan never failed to give us as much of the viewing experience as possible under the restrictions at the time. Theepan is so full of knowledge and always puts you at ease when you speak to him. We look forward to many more purchases with Theepan, and can't wait to see what the future has in store! Thank you very much for all that you do!

PMPrathishni Mathies
Jan 12th, 2022

Being a landlord can be stressful but Navi has made the whole process seamless. He is very responsive and knowledgeable and is always available to discuss my concerns or any questions. Would definitely recommend this team!

JJoanne
Jul 3rd, 2021

My fiancé and I had the privilege of partnering with Navi and the Bespoke team in our search for a house. Navi is very professional, and really went above and beyond in assuring us that everything was in order, and providing us unbiased advice. Thanks to him and the team, we were able to purchase a property we truly love! If you are in the market to purchase or sell a property, I would highly recommend to call them!

PPoonanji
Mar 20th, 2020

We had the privilege of having Theepan assist us on purchasing our first home. Having an agent such as Theepan guide us threw this process was exactly what we needed as first-time home buyers. He was patient and extremely knowledgeable. He understood our needs and ensured that we had viewed houses that met our strict requirements. Although the process of purchasing a home is stressful, Theepan ensured the process was one that was enjoyable and rewarding. When we found the home we liked, Theepan was able to negotiate the purchase price down to a figure that was in our budget.

We would recommend Theepan to any home buyer looking for an agent who is caring, knowledgeable and patient.

HVHaran Viswanathan
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

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