Here's a step-by-step guide to buying a home, to help you get off on the right foot when it comes to buying a home.
1. Decide to buy a home
Make sure you are ready both financially and emotionally!
2. Get Pre-Approved
Work with a mortgage broker or your bank. They will work with you on what you require to submit an application. Once approved, this will determine how much you can afford to spend on a home.
3. REALTOR® Consultation
Work with me to help guide you through the process. We will discuss your price range, ideal locations, current market conditions and much more!
4. Start Your Search
I will get you information on new homes that meet your criteria as soon as they’re listed. They’ll work with you and for you to ensure you find your dream home.
5. Current Market Conditions
I am a valuable resource as you consider different properties. They will be there when you have questions regarding the homes you’re interested in – I can tell you what is a good deal, and when to walk away.
6. Make an Offer
I will help create your offer tailored to your needs including the right subject clauses down to the closing date that works best for you.
7. Negotiate
You may receive a counter offer but don’t be worried! I will negotiate for you to ensure you get the best possible price for the house you love!
8. Accepted Offer
It’s crunch time! The next few weeks are busy as you need to schedule and remove every one of your subject clauses by the specified date. You’ll likely need to schedule an inspection, appraisal, financing approval, and several others. You will also need to provide a deposit to put down on the home. The deposit will be a pre-determined amount given in-trust to me by way of a Bank Draft to show the sellers you are committed to this home. Don’t worry, that money goes towards the purchase of said home if all goes well! This is a busy time but be sure to reach out to me if you have any questions or are unsure about next steps.
9. Subject Removal
Once you have completed all your subject clauses, and everything went smooth, it is time for you to sign on the dotted line and consider your new home to be yours (almost!).
10. Official Documents
You will need to provide me with your preferred lawyer or notary to have the official title transferred into your name. You will meet with the lawyer or notary in person to sign all the legal documents before you move in. This typically happens a few days before you take possession of your new home. I can provide a number of options of you don't know any lawyers or notaries.
11. Move In!
Congratulations, you are officially a homeowner! The date pre-determined by you is your move-in day! You can now move into your new home. I will be there ready and waiting to hand you the keys. Enjoy!
Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.
My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.
My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.