The Home Buying Process
Follow these five steps to successfully purchase your new home
Before you start house hunting, get pre-approved for a mortgage. This tells you how much you can afford and shows sellers you are a serious buyer.
Work with me to search for homes that match your criteria. I will set up showings and help you evaluate each property.
When you find the right home, I will help you craft a competitive offer and negotiate the best terms on your behalf.
Once your offer is accepted, we will arrange inspections, secure financing, and ensure everything is in order for closing.
On closing day, you will sign the final paperwork, receive your keys, and officially become a homeowner!
Frequently Asked Questions
Common questions from first-time buyers
How much do I need for a down payment?
In Canada, the minimum down payment is 5% for homes under $500,000, 10% for the portion between $500,000 and $1 million, and 20% for homes over $1 million. A larger down payment means lower monthly payments and avoiding CMHC insurance.
What costs should I expect besides the purchase price?
Additional costs include land transfer tax, legal fees, home inspection, appraisal fee, moving costs, and potential repairs or renovations. Budget approximately 3-5% of the purchase price for closing costs.
How long does the home buying process take?
From finding a home to closing typically takes 30-90 days. The actual time depends on financing, conditions in the offer, and the closing date agreed upon with the seller.
Should I get a home inspection?
Absolutely! A home inspection is one of the best investments you can make. It reveals potential issues and gives you negotiating power or the ability to walk away from a problematic property.
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