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

Amelin worked tirelessly to ensure I found a great property in my ideal area, within budget. She was professional, patient, and highly knowledgeable. Furthermore, she was well-versed with all property types (detached homes, condos etc.) across the GTA as well as Downtown Toronto. Don't take my word for it - give her a call and see for yourself; you won't be disappointed.

VV V
Jan 21st, 2022

It has been a pleasure working with Prez from Bespoke to purchase my very first investment property. As someone who knew nothing about the real estate market, I was very anxious about stepping foot into it, especially during the pandemic. But throughout the entire process, Prez has always been so responsive, reassuring and extremely patient with answering all my questions. He is very knowledgeable and always provides me with detailed information, tools and resources to help make informed decisions. He goes above and beyond to maintain ongoing communication about my next steps and to keep me updated on market trends. He is an amazing realtor with not only a wealth of knowledge and expertise in the field, but is also someone who is professional, caring and reliable! I would highly recommend Prez and the team to anyone without hesitation!

ACArthana Chandraraj
Aug 5th, 2020

Navi was an exceptional professional in helping my wife and I purchase two properties and sell one in a short period of time. One characteristic that stands out the most is his integrity through providing advice with his client's interest in mind.

That said, on more than one occasion during our experience, Navi really challenged us to think and consider all options before making a decision. He could have easily provided us with what we wanted to hear in making an offer on a property that we wanted to act on in the heat of the moment. Instead he challenged us to consider all possible options before making a final decision.

One final memorable example of Navi's professionalism was his willingness to endure and fight for his clients. Navi was at the helm of an eight party bidding war for what would become our home. He was prepared, and kept us informed throughout the four hour process.

Because of his determination and persistence we came out on top and secured the property that we wanted.

Buying and selling a home can be an intense and enduring process, that is why we need professionals such as Navi to help guide us through the process with the client's interests in mind.

Thank you Navi for all your hard work.

IIngus and Jen
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 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

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