This first time is important- getting your finances in order.
You'll want to start by having enough for a down payment.
This amount is (at minimum) 5% of the property's purchase
price. Because everyone's situation is different,
you'll want to meet with a mortgage broker to determine
what you're able to afford through a pro-approval process.
They can also make individualized recommendations based on your
situation. We highly recommend that you shop around for the best
rate and work with a trusted mortgage broker.
Once you’ve established a price range, it’s time to decide what type of home will best suit your lifestyle. Think about things like access to schools, recreational facilities, what the neighbourhood is like, and so on. Why you’re choosing to buy should help answer these questions for you — so think about it carefully. You may want to put this down in writing and create a needs v/s wants list.
It’s important to partner with a Real Estate Agent you feel
completely comfortable with. A REALTOR® can help you find your
dream home, that meets both your needs and your budget. They
will set you up with viewing appointments, and also help bring
clarity to the complicated process of buying a home. You’ll want
to go with an experienced and knowledgeable REALTOR® who you can
be sure will represent your best interests.
Sit down with your Real Estate Agent for a consultation to help
you find homes in your desired area and unique criteria. They
will keep you in the loop regarding new listings and schedule
you appointments.
When you find a property you like, your Real Estate Agent will work with you to write and submit an offer on your behalf. They ensure that the offer will be written in your best interest, whilst negotiating terms and price. They can arrange a home inspection, deal with any repairs, and finalize the mortgage. If you need any contacts for a home inspector, mortgage broker, home insurer, or lawyer, they can provide you several trusted contacts. Once your ducks are in a row, you're ready to sign the final documents at your lawyer's office.
Congratulations! Becoming a new homeowner is one of the most rewarding experiences.
Still have questions? Let's chat about it over some coffee
or tea!
