Knowing how much you can afford to spend on a home and finding the right way to finance it are two of the easiest ways to increase the comfort of home ownership. Getting pre-approved for a mortgage involves a mortgage broker or the bank taking all of the necessary steps to qualify you, lock in an interest rate and collect your documents so you’re ready to go when you have an accepted offer.
Write a list of your top 5 absolute needs (i.e. # of bedrooms, bathrooms) – things that you cannot live without, and then write a list of your top 5 wants – things that would be nice to have, but aren’t absolutely necessary. Remember to be realistic and always consider your budget.
Buying a home is a very large event in life, so it’s not something that should be done without the help of a trained real estate professional. Your realtor will be helping you to determine what you want, write your contract for you, negotiate on your behalf to get the best price, review all documents with you, and make sure the process from acceptance to completion is smooth. With them being such a large part of the process, it’s important that you make sure that you find someone that has the experience, understands the market, you trust, and you know has your best interests at heart.
So now it’s time to get out there and find your new home. Most people start off by having a neighbourhood in mind, and we may suggest additional options that you may not have thought of, depending on your needs.
Congratulations!! You’ve gone house hunting and found the right home for you! The offer process can be exciting, but it can also be nerve-wracking. Fortunately, we are here to help you put together an Offer to Purchase, discuss all the details and problem-solve the difficult challenges that may lie ahead.
Closing day is the day you officially take ownership of your new home. It’s an exciting time for sure, but there are a couple of details you need to keep in mind before you get handed the keys. You will have to pay the closing costs, which include mortgage application fees, appraisals, legal fees, insurance, registration & more
