10 Steps to Buying a Property.

Following the right process from start to finish will ensure the most unforgettable experience.

1. Download your Buyer’s Guide and educate yourself on the process.

Most people just get on a website like mine and start browsing before they even know what goes into buying a property. The more you know about what you’re doing, the better experience you will have. Enter your email below to download your free guide.

2. Choose the right Realtor.

A Realtor is so much more than just the person who takes you on showings. I take the time to discover what matters most to you and your family and provide advice, insight and access to the properties and neighbourhoods that best match your needs. With access to the best market reports, statistics and local intelligence, I have my fingers on the pulse of your most desired neighbourhoods. I feel movements and shifts immediately and respond quickly to new property opportunities on your behalf.

3. Sit down with a mortgage professional.

It’s not enough to just use a mortgage calculator to determine your budget – although, it is helpful! Good thing I’ve got an incredible team of mortgage brokers who have been assisting my clients for year right at the ready. Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home and how much of a down payment you can offer, before you start looking. You will also be protected against interest rate increases for a defined period of time while you look for your new home.

4. Focus! Choose a neighbourhood.

There are SO many things that go into choosing the best neighbourhood for you. School districts, amenities, commute time, access to public transit and more are all factors that you’ll need to consider, whether you’re choosing a property for the next few years or as your “forever” home. Take some time to think about what you currently love (and don’t love) about where you live, and what’s most important for your lifestyle. The more you can narrow down on, the easier it will be to focus on a fine tuned list of areas to browse in.

5. Create a list of wants vs needs. (checklist in our buyers guide)

The GTA is a big place with a lot of properties. The more focused you are, the better chances you have of finding the perfect property for you. If you downloaded the Buyer’s Guide above, you’ll see that there’s a survey that will help you narrow down on exactly what you’re looking for. Then, it’s easier for your Realtor to send you properties that match your needs. Make sure to properly balance your wants vs needs and be realistic about what’s available.

6. Start your search with automatic property updates.

It’s time to start your property search, and every serious buyer needs to be on an automatic property updates service. The market is competitive, and buyers need every advantage they can get. Our automatic property updates services makes sure that you get the properties that matter most to you delivered to your inbox. You can sign up by clicking the button below.

7. Make an offer.

Once you’ve found the property you love, it’s time to make an offer. Together we’ll establish the right expectations and limits so that you can feel at ease throughout the entire process. I’m highly skilled at negotiating on behalf of my clients, and I’ll never pressure you to step outside of your comfort zone.

8. Deliver the deposit check.

Once an offer is accepted you’ll typically have 24 hours to deliver the deposit check to the seller. The deposit amount is negotiated during the offer process but it is typically 5% of the purchase price. If you deliver the check even 1 minute more than 24 hours, the deal is technically void. Moving money isn’t always fast, so it’s wise to ensure you have your deposit prepared in advance.

9. Waive any conditions.

If your offer contained conditions like a finance condition, you have a specific amount of time to “waive” the conditions or the deal will become null and void and your deposit will be returned to you. I provide financing referrals and will go over all related costs to ensure your closing goes smoothly. If you waive the conditions, the deal becomes firm and you are obligated to now close on the property. Neither side can back out at this point.

10. Close the deal.

Your lawyer and mortgage broker will set up meetings with you for a couple of days before closing to sign off on the final documents. At this point your job is to book the movers and get your finances in order (I can help you with this!). The lawyer will let you know exactly the amount you need to bring with you when you meet, and it will include the remainder of your downpayment, land transfer tax and legal fees. Last but not least – you’ll get the keys to your new property – congrats!

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