Buying a Home
Home buying is a process
You should not rush through it, too much is can be lost here. You need to be well informed about what needs to happen and in what order. Thanks to Canada Mortgage and Housing Corporation we are able to provide that crucial information to you.
Take your time to read through the information, it truly is important, especially if you are the first time buyer. The steps to buying a home are listed below.
Step 1 Is Homeownership Right for You?
Buying a home is one of the biggest financial and lifestyle decisions you will make, so it pays to make an informed decision by first looking at the main advantages and disadvantages of homeownership.
Step 2 Are You Financially Ready?
In this Step you will find a number of simple calculations that will help you evaluate your current financial situation and determine how much house you can afford and the maximum price that you should be considering.
Step 3 How Much Will It Really Cost?
After you have calculated the maximum home price you can afford, you will need to calculate the up-front costs and expenses associated with buying a home to make sure you are financially prepared.
Step 4 What Should You Buy?
Before you start searching for a home you need to think about your current and future housing needs and what characteristics are important to you in a home.
Step 5 What Professionals Should You Call On?
This Step describes the roles played by the professionals you will call on in the home buying process: real estate agent, mortgage broker, lawyer/notary, inspector, insurance broker. This guide for newcomers to the Canadian housing market, written in clear English, has everything needed to understand how to rent or buy a home.
Step 6 How Can You Find the Right Home?
If you have decided that you are ready to start your search, this Step offers information on ways to find the home that is right for you, useful tips for your search and Home Hunting worksheets.
Step 7 Ready to Buy?
Once you find the home you would like to buy, you will need to present the vendor with an Offer to Purchase or Agreement of Purchase and Sale. This Step describes the Offer to Purchase process.
Step 8 The Final Steps
Describes the final steps in the home buying process: things you will need to do on closing day, and how to hire and work with a moving company.
Step 9 Is There More to Home buying?
The real financial responsibilities of homeownership begin when you take possession of your new home; you will need to budget for mortgage payments, ongoing operating costs and an emergency fund.
Step 10 Tips on Home Repair and Maintenance
This section offers useful tips for new homeowners on home repair, maintenance and renovations, and discusses the importance of security and fire safety. Also includes a practical Maintenance Calendar.
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I'm Always Here to Help
If you have questions about up-to-date market conditions, would like to get my Price Analysis, or simply would like to know what that home next door is listed for... I'm always available to provide that information.
Perhaps you are considering a sale, but are just not sure what would be the best way to proceed in this changing market.
Or maybe you are the First Time Buyer, excited to enter the Housing Market, and have more questions than your would like to handle on your own...
Please give me a call at 705-241-4249
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