Step 1 of 5
Check Your Finances
Checking your finances is an essential first step as it helps you figure out what kind of properties you can afford. This includes figuring out how much you have for a down payment, monthly mortgage payments, closing costs and any repairs or renovations. Your REALTOR® helps you sanity-check your budget against real market prices.
Before starting your journey, know what to pack.
Get ready before jumping onto the home-buying stage.
Step 2 of 5
Get Pre-Qualified
Getting pre-qualified for a mortgage means you know exactly what your budget is so that you can confidently start searching in your price range. Your REALTOR® can recommend trusted mortgage brokers and lenders.
Preparation is key to everything (including gymnastics).
Buying a home is a bit like flying a plane, you can’t just wing it.
Step 3 of 5
Start Your Search
Once you know your price range and are pre-qualified, it’s time to start your search. Your REALTOR® helps guide you through finding listings in neighbourhoods you like, and can also help by booking showings and spotting red flags early so that your search is as smooth and efficient as possible.
It’s easier to find home when you know where you’re going.
It’s ok to feel a little lost sometimes. But only a little.
Step 4 of 5
Make an Offer
You’ve found the perfect home, in a neighbourhood you love, at a price you can afford. Now it’s time to make an offer. This can be daunting if you’ve never gone through this process before but your REALTOR® can guide you on price, conditions, timing, and negotiation tactics.
Timing isn’t everything. Until it is.
Sometimes it helps to be direct.
Step 5 of 5
Close the Deal
Once your offer has been accepted (congratulations!), it’s time to make it real by closing the deal. Your REALTOR® ensures all of the paperwork, funds, and keys land exactly when they should. Now all that’s left to do is move in! Don’t worry, your REALTOR® can help you organize that too.
It’s really (really) important to know what you’re signing.
Take the time to make sure you’re all on the same page.