Step By Step
Why Do You Want To Buy?
Are you tired of paying rent? Have you decided to pay your own mortgage and not your landlord’s? Have you outgrown your current home? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.
Determine Your Budget
Knowing budget in advance will help you narrow down your search and potentially save you time and stress. A mortgage pre-approval is the starting point for your home search. Being pre-approved from the start enhances your offer and allows you to better understand what you can afford. Most importantly, it provides you confidence that if you locate a house you want, you will be able to qualify for the finance needed to buy it.
Time to go Shopping
Take a Drive - Get to know the neighbourhoods, complexes, or subdivisions, which interest you. Drive around and get a feel for what it would be like to own a property in the area. Start getting a sense of the properties available in those areas.
Narrow Your Search - Select a few properties that interest you the most and I'll start making appointments to visit them. We'll discuss about the potential long term resale value or equity growth of the properties you are considering.
Make an Offer
My job is to assist you in negotiating a fair offer once you've found a house you're interested in based on nearby properties that are similarly priced or sold. If your offer is accepted, you'll pay a deposit and enter into a binding agreement. I will assist you in comprehending the terms, obligations, and restrictions of your contract throughout the due diligence period between signing the purchase agreement and closing on your home. I will also aid in directing you through the inspection and appraisal processes.
Close on Your Home
This is the final step of your home buying journey. Closing is the official transfer of ownership from the seller to the buyer. At closing, you will sign your mortgage paperwork to solidify your purchase. From there, you officially become a homeowner and will be handed the keys to your new home so you can begin making memories.