Thinking about buying?

Are you entering into the world of home buying for the first time or are you a repeat buyer?  Count on me – I'm here to guide you through the journey.

For those seasoned in real estate transactions, the complexities and stress can feel reminiscent of previous experiences.  However, this time, you'll have the advantage of my support throughout the entire process and not only until you take possession but at any moment in the foreseeable future.

While each buyer’s needs are unique, there are often shared questions:

  • How much can I really afford?

  • Do I need an agent or should I go at it alone?

  • Where's the sweet spot for buying?

  • How do I negotiate the best possible price?

The ingredient for buying a home? Experience. 

I’ll address the most common questions, outline the steps ahead, and boost your confidence to find that perfect place you'll love calling home.

Get clear on what you want.

The key for finding your dream home?  Figuring out exactly what you're after.  Streamline your search with these three key focus areas:

Location

This marks your first big decision.  Which neighbourhood sparks your interest? Think about proximity to schools, parks, places of worship, hospitals, or any must-have amenities.

Type of Home

What style are you after?  Detached, semi-detached, bungalows, split-level, two-story, duplex, or a cozy townhouse. You may also want to consider the ideal lot size and the home's age as well.

Must Have Features

What seals the deal for you in a home?  Are you looking for a suite, garage, basement, or a cozy fireplace? How many bedrooms and - or bathrooms do you need?  Any special needs for family members?  Equally important, what's on your 'not for me' list?

The Pre-Approval Process

Once you've envisioned your dream home, the next step is gauging your monthly costs and accessible debt load. This is where securing a pre-approval from a mortgage broker or your bank comes into play.

  • Getting pre-approved isn't just a formality—it's a game-changer. It not only clarifies the exact budget you can allocate to your new home but can also lock in an interest rate, potentially saving you thousands in the long run. Moreover, a pre-approval gives you an edge during negotiations when submitting your initial offer.

    Consult with a Mortgage Specialist

    Reach out to a mortgage expert—be it your bank's specialist or an independent broker. Their expertise helps navigate through numerous rate and term options available, ensuring you make an informed choice.

  • Reach out to a mortgage expert - be it your bank's specialist or an independent broker. Their expertise helps navigate through numerous rate and term options available, ensuring you make an informed choice.

  • Eligibility for a mortgage involves various factors, mainly your Gross Debt Service (GDS) and Total Debt Service (TDS) ratios. These factors, considering your income, down payment, and financial commitments, determine a comfortable spending range.

  • Be prepared to provide essential documentation like income and down payment verification supporting your application and finalize the pre-approval process with your bank or mortgage professional.

  • This document is your secret weapon. Sellers find pre-approved buyers more appealing as it minimizes concerns about financing. Even if offers often hinge on financing conditions, having a pre-approval makes you a more attractive prospect to sellers of your dream home.

Let the house hunting begin.

It’s time to let the excitement kick in! Once we've outlined what you're looking for and locked in your pre-approval, it's time to dive into exploring properties.

The adventure often starts online.

90% of buyers kick off their home search on the internet. One fantastic resource is Realtor.ca—an extensive Canada-wide database showcasing all active properties on sale, known as the MLS® (Multiple Listing Service).  This user-friendly website allows you to narrow down your search based on area, price range, specific features, and even showcases properties on a map.

I'll set you up with a customized search portal ensuring you receive instant notifications whenever a property matching your criteria hits the market.

You can utilize all the features of Realtor.ca right here on my website.

Making an Offer

Working together, we will create an offer that reflects your specific buying needs while gathering essential insights about the sellers to ensure our approach respects their wants. Additionally, I'll guide you on the most strategic terms and conditions, prioritising your interests throughout our interactions.

I am committed to offering a range of comparisons and experiences. These resources are intended to empower you, aiding in your decision-making process to align seamlessly with your individual preferences.

  • I’ll provide you with recent sales comparables and current listings that closely match your preferences. These resources serve as valuable tools in negotiating a mutually agreeable price.

    Deciding on a closing date and potential offer conditions—like home inspections, appraisals, or water tests—will also be crucial. I'll provide guidance throughout this decision-making process, ensuring a seamless journey.

  • I will draft a legally binding document known as the 'Contract of Purchase and Sale’. It is designed to safeguard your interests, adhere to your directives, and align precisely with your timeline and requirements.

  • I will provide a comprehensive breakdown of the offer's specifics and terms, offering insights into various specialised clauses. This ensures you have a clear understanding of the agreement and the options available, empowering you to make informed decisions confidently.

  • I will represent you during the presentation of the offer and negotiate on your behalf to secure an exciting deal, ensuring the best overall results.

  • Horray!

    Once your offer is accepted, I will help you coordinate inspection appointments and send the accepted offer to your lawyer and lender. Typically, we will have 14 days for your due diligence as outlined in the offer. I will accompany you during the inspection walk-through, addressing any queries that arise.

    Your responsibilities will include providing necessary documents to your lender for financing approval and securing house insurance. Upon your satisfaction with all conditions, we will remove subjects, marking the moment for the SOLD sign to shine!

  • Unfortunately, this opportunity didn't materialize, but it's a chance for us to regroup, readjust, and embark on a fresh search while keeping an eye on this missed gem. In a multiple offer situation, sellers may circle back to us if the offer they previously accepted falls through.

  • Upon agreeing on the price and terms, you've secured either a firm or conditional offer. If conditions are part of the deal, it's time to initiate the process to fulfill them within the set timeline and solidify your purchase. Among the common conditions is the home inspection—an essential step allowing for a comprehensive review of the property and potentially avoiding unpleasant surprises.

    I can provide a list of reputable home inspectors if you don’t have one you already like using. Typically, the inspection fee ranges between $600 to $900, which you will need to pay to the inspector. Post-inspection, you'll receive a comprehensive report. This serves as a valuable tool for insurance inquiries and offers insights into future maintenance and renovation expenses. Depending on the property, additional inspections like sewer, water potability (for properties with wells), and perimeter drain inspections might be necessary.

  • Together, we will compile the requisite documentation for your lawyer, including agreements, waivers, surveys, and other purchase-related papers. While I typically handle most documents, your lawyer may request additional information pertaining to insurance, down payments, adjustment payments, and other signed documents.

    1. Financial Arrangements

    Arrange for your down payment and closing costs to be available a week before closing, as per your lawyer's instructions.

    2. Moving Logistics & Address Changes

    Whether you are hiring professional movers, renting a truck, or enlisting friends' help, early planning and organization are key.

    3. Property Insurance

    Secure home insurance before closing and obtain an insurance binder for your financial institution beforehand. Share house details with your insurance agent, including roof condition, furnace status, electricals, and exterior specifics.

    4. Utilities Management

    Contact local utility providers to coordinate billing changes upon closing. Remember to cancel services at your previous address to avoid overlap.

    5. School Notifications

    If applicable, inform your children's old and new schools about the impending move and facilitate the transfer of necessary records.

    By proactively addressing these details, my aim is to facilitate a smooth transition into your new home on Completion Day.