Buying a home is one of the biggest transactions in one's life. Whether you've been looking for a place for a brief or long time. Searching through hundreds of properties can be an overwhelming tasking. That’s why I have narrowed it down to six easy steps to successfully buy a home.
There are a few questions you have to answer before you can start actively looking for a new place to buy. These include: How much money are you willing to spend? Which neighbourhood do you prefer? Which features of your prospective home are non-negotiable must-haves?
Once you have chosen a REALTOR®, it’s time to start actively looking for your new home. Given your specifications and budget, the REALTOR® will start narrowing down the homes in your price range and present you with their top picks to look at online or in their office. After you’ve chosen a few that you’re interested in, you and your REALTOR® will attend their open houses to see the property first hand.
There are tons of places to get a pre approved mortgage and finding the right one for you takes both patience and diligent research. Don’t be afraid to call as many places as possible to get the best rate. My in house mortgage advisor has been in the business for over 15 years, she will gladly guide you through the process and get an amazing deal.
Once you find a home that you wish to purchase, it’s time to make an offer. Your REALTOR® will guide you through the whole process of making and negotiating a fair proposal. Feel free to ask them any questions you may have during this time – your REALTOR® should be more than happy to explain the process and terminology in more detail.
If you haven’t already sold your old home, now is the time to do so. Choose a REALTOR® that you’d like to work with and start going through the process of selling your home.
Once your offer has been accepted by the current owner and the paperwork and mortgage has been signed, you’ll have successful bought a new home. You’ll receive a move in date and the keys to your new place from your REALTOR® after everything has cleared. Congratulations, you are now a home owner!