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Specializing in Toronto Waterfront

Condominium Sales & Leasing.

As your personal guide and trustworthy business partner, I strive to give you the best of the best.  It is natural for homebuyers to ask me “What do I need to know and do when buying a house?”. I’ve composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!


Step 1: Decide to Buy 


Before you even go looking for a home, you have to understand your needs. Think about the community you might want to live in. Think about the type of place that's ideal for you and your family. How many bedrooms and washrooms would you like? Do you want to live close to a school or a mall? These are just some of the things you have to consider before starting to look for a new home.

You also have to familiarize yourself with different types of ownership as well to help narrow down the perfect home. Freehold is when it’s all yours, a condo is when you take care of the inside and pay your fees to an association, and co-op is similar to a condo, but you rent a unit in the building and pay maintenance and repair fees.

Once you have narrowed down some qualities, its time to go looking for a home!


Step 2: Hire an Agent


There are thousands of real estate agents available. How do you chose one that’s right for you?

You have to pick carefully. An agent will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust and someone who understands what you want.

There are a few ways to look for your perfect Realtor, such as:

  • Jot down some names and numbers that you find on “For Sale” signs
  • Ask friends and family for a recommendation
  • Visit one of the local offices in your area

A good choice is a licensed real estate agent that is trained professionally and knows the area you are interested in moving into inside out. A great agent is someone who offers you quality services to help you accomplish your goal.


Step 3: Find your Home


There are many ways of finding that dream home! First, before you go shopping you have to make sure you are also financially ready. Make sure to have a budget when you go shopping. You can use my very handy affordability calculator by clicking here

One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay at the time that your offer is accepted. The more money you put down, the more you’ll save on monthly payments and cost of borrowing. Another important aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house.

Keeping these things in mind, you are free to go window shopping! You can go searching for houses according to the different neighbourhood surrounding you, check newspaper listings, websites, or even drop by any open houses that are being held in your area. Looking for houses can be really fun and exciting! You can browse listings using the smart listings search on my website here.


Step 4: Make an Offer Now


Now that you’ve found the house that you are set on, it’s time to make an offer. Not all offers are the same and here’s where your real estate agent comes in. They will help you with specific terms and conditions that will be specified in the offer like the price you want to pay, financing conditions, or other things like inclusions and exclusions.

It's not only about the price of the house, but you have to carefully consider the other details included in the sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in the offer.

If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.


Step 5: Close the Sale


There will be closing costs associated with the sale that need to be paid either by or on the closing date.These can include mortgage application fees, property inspections, and legal fees. But once these are taken care of, you get your new house.

Congrats, welcome to your new home! You’re all ready to move in!