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
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!
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.
I've been working with Prez for the past year or so he has been outstanding in meeting and exceeding our real estate needs I rely on his real estate advice, service and professionalism. Thank you Prez and keep up the outstanding work.
Majury and Navi helped us buy AND sell our home in a matter of 7 days! The most customized experience we have experienced to date. My husband and I are over the moon and love our trusted realtors! 5 STARS!
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.
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