EVERYTHING
YOU NEED TO KNOW
AS A BUYER.

Let our friendly team seamlessly guide you through each stage of the home-buying journey. Whether it's your first home, an upgrade, downsizing, or venturing into an investment, rest assured, we have the expertise to assist you with a warm and welcoming approach.

EVERYTHING
YOU NEED TO KNOW
AS A BUYER.

Let our friendly team seamlessly guide you through each stage of the home-buying journey. Whether it's your first home, an upgrade, downsizing, or venturing into an investment, rest assured, we have the expertise to assist you with a warm and welcoming approach.

EVERYTHING
YOU NEED TO KNOW AS A BUYER.

Step by Step Buyers Guide

Buying a home is one of the most exciting milestones of your life. Our Team will help you through the process, but so that you feel well informed, here is a step by step guide of the process from start to finish.

Step 1: Research

There are many things to consider when purchasing a home, but start by making a list of your needs and wants. Do you know the area you want to be? Take a drive or walk around the neighborhoods to get a feel for them. Have you considered the lifestyle? Do you want a townhouse, condo, or fully detached? What is really important to have or to make sure you do not have with both interior and exterior features. Be clear on what is an absolute must and what would be an added benefit, but is not entirely necessary. 

Step 2: Decide on a Budget

Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or Condo fees that could easily blow your budget.

Step 3: Get Prequalified

Ensuring you are comfortable with a budget is a great first step, but you want to make sure that a lender will also agree with the amounts you set out. Just as they can approve you for more than you want to spend, they may not approve you for enough. To get pre-qualified, you can talk to a bank directly or to a mortgage agent. We recommend interviewing a few different lenders before deciding as some lenders will be able to give you different rates, and the lowest rate isn’t always the best option for your situation. Whoever you end up gonig with, having a pre-approval means you know what you can spend when searching for your right home. 

Step 4: Choose an Agent

Hiring an agent to help you purchase a home doesn’t cost you anything, and ultimately will take a lot of stress off of your shoulders. Not only will our team help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but we  also have an in depth knowledge of the market. We can help guide you on market prices of homes, show you what each area has to offer, and provide insight on what area may be the best fit for you.

Step 5: Shop for Homes

This should be the most enjoyable step of the entire process (other than moving in!). Your agent will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. This is your opportunity to dig into that needs and wants list and make adjustments based on seeing homes in person and what is available on the market within your budget. 

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Step 6: Make an Offer

Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. Your agent will be able to help you negotiate if you receive a counteroffer and reach an agreement.

Step 7: Home Inspection

In some cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. Your agent will help you arrange this, and is usually done quite quickly after an offer is accepted. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.

Step 8: Finalize the Loan

Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 1,3, or 5 year terms and 25 or even 30 year amortizations. Work with your mortgage lender to select the option you feel the most comfortable with.

Step 9: Home Appraisal

Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.

Step 10: Sign the Final Paperwork

No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and real estate lawyer and, when you’re finished, you’ll know you are the legal owner of your new home.

Congratulations!

On the day of closing once all the funds have reached the sellers lawyer, your lawyer will release the keys to you and you can now officially move into your new home!

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