Knowledge . Experience . Success     

As your personal guide and trustworthy agent, we strive to give you the best of the best. In the years that we’ve spent in the industry, homebuyers have always asked us “What do I need to do when I buy a house?”. We've composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!

Step 1: Decide to Buy 

Before you even go looking for a home, you have to understand your needs. Think about the type of place you're looking for?

  • Freehold - own the land & building
  • Condominium - could be an apartment or a townhouse, they have monthly fees to maintain the exterior & common areas. The owner is responsible for the interior maintenance & insurance on the contents.
  • Co-op - you own a share of the premises, responsible for maintenance, repairs & must be approved for ownership
  • POTL - this is a hybrid of Freehold & Condo. You own the land & the building. You are responsible for the maintenance inside & outside (usually) however there is usually a smaller maintenance fee for maintenance of laneway, snow removal & garbage pick up. 
  • What do you need & want! example: Area? Dedrooms?  Washrooms?  Backyard?  Close to transit, schools, shopping? These are just some of the things you have to consider before start looking for a new home.

Once you have narrowed down some qualities, its time to go looking for a home!

Step 2: Hire an Agent

  • There are thousands of real estate agents so choose wisely?
  • They will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust and someone who understands what you want.
  • Helpful hints - a trained professional, trustworthy, knowledgable of the area, understands your needs, getting a referral from a friend or family member helps!

A great agent(s) is someone who offers you quality service, experience in the industry & knowledge of the market so you can accomplish your goal.

Step 3: Find your Home

There are many ways of finding that dream home!

  • First, before you go shopping you have to make sure you are also financially ready. Make sure to have a budget when you go shopping. You can use our very handy affordability calculator by clicking here
  • One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay in cash and the balance will be a mortgage. It is very important to get pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house.

Looking for houses can be really fun and exciting! You can browse listings using the smart listings search on my website, here.

Step 4: Make an Offer 

Now that you’ve found the house that you are set on, it’s time to make an offer. Not all offers are the same and here’s where an experienced professional real estate agent comes in.

  • They will help you with specific terms and conditions that will be specified in the offer like the price you want to pay, financing conditions, or other things like inclusions and exclusions.
  • Not only is it about the price of the house but you have to carefully look at the other details included in this sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in the offer.

If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.

Step 5: Close the Sale

There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, land transfer tax and legal fees. But once that’s taken care of, you get your new house.

Congrats, welcome to your new home! You’re all ready to move in!

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