Buyer's Guide

Choosing to buy a home is one of the biggest decisions you’ll make. It’s a complex process that requires careful planning and the assistance of a knowledgeable Real Estate Agent to ensure everything runs smoothly. Here’s a general overview of what to expect and prepare for.

Get Your Finances In Order

First, set aside money for a down payment, which is at least 5% of the home’s purchase price. Next, meet with a mortgage broker to determine what you can afford. Shopping around for the best rate is highly recommended.

Visualize Your Dream Home

Once you have a price range, decide what type of home will best suit your lifestyle. Consider factors like access to schools, recreational facilities, and the neighbourhood. Think carefully about your reasons for buying and create a list of needs versus wants.

Meet With a Real Estate Agent

Partner with a Real Estate Agent you feel comfortable with. A Realtor® can help you find a home that meets your needs and budget, arrange viewings, and guide you through the buying process. Choose an experienced and knowledgeable Realtor® who will represent your best interests.

The Search

Using property search tools and consulting with your Real Estate Agent, you’ll find homes in your desired area. Your agent will keep you updated on new listings and schedule viewings with sellers.

Closing

Your Real Estate Agent will help you place an offer, which the seller may accept, counter, or reject. After negotiating an offer, conduct a home inspection and address any necessary repairs. Finalize your mortgage with your lender and prepare to sign the ownership papers, typically in a lawyer’s office.

Congratulations!

Becoming a homeowner is a liberating experience with many benefits, including pride of ownership, the ability to make home improvements, building equity, and appreciation. 

Enjoy your new home!