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.
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
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
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?
- CMHC insurance
- Closing costs
- Laying out your monthly carrying costs
- Home Insurance
- Maintenance Fees (depending on type of property)
- Property Taxes
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?
- Have you considered the lifestyles between a condo and house
- What is your bare minimum for the size of your home?
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
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.
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
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.
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
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
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
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
Where do we start, I first want to say THANK YOU to Theepan Balasubramaniam . From day one when were looking to sell our home he stepped in and walked us through the ropes. He made it easy and stress free when we were selling our house. When it was time to look for our new home I knew right away he was our guy!... He didnt rush us, he didnt pressure us, and he waiting till we were ready ! Our journey to looking at homes which we probably walked into over 30 homes and over the course of 5 months i know we worked him hard and he was always helpful and available. I thank you very much brother for helping us find our first home where me my wife and our baby are excited to start a new journey ! I know you will also help us find our dream home in the near future to come. We are truly happy to know you and to have worked with you ! To anyone looking to buy or sell or just looking around just have sit down coffee at his favourite place "Coffee Culture" im sure you will be amazed by his passion for helpng others! Thank you to the entire Bespoke team for helping my family navigate through this journey!
We worked with Navi & Majury to purchase our first home and had a very smooth & positive experience! They were extremely professional, responsive, and organized which made for a seamless process. Their years of experience & very strong negotiation skills resulted in us finding the perfect home well within our budget, which is extremely challenging to achieve given the current market. As first time home buyers, we would highly recommend working with Navi & Majury to help you navigate the real estate industry! Huge thanks to them & the Bespoke team!
I had many questions throughout the buying process and Theepan always answered them in a timely and helpful manner. He also asked the right questions to determine what my definition of a ‘perfect home’ (style, pricing, neighbourhood, etc. etc.) before making recommendations on prospective homes. I really appreciated his patience and availability – especially spending many evenings and weekends looking at homes in different neighbourhoods, different styles of houses, renovated/non-renovated homes, etc. until I found exactly what I wanted. I never felt any pressure from Theepan to put in an offer on a house I did not want. He is also very knowledgeable of the market and provided very frank feedback about the properties (pros and cons). I would definitely recommend Theepan to anyone who is looking for a helpful and professional real estate agent!!
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.
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