Time to buy!
A Step-by-Step Guide for Buyers
Buying your first home is a massive milestone, but it doesn't have to be a stressful ordeal. With a little planning and an experienced guide by your side, the process is actually a lot of fun! To help you feel confident and prepared, here is a simple overview of what to expect:
Pre Approval
Before we start looking at houses, the best first step is to chat with a trusted mortgage broker. They will help you get pre-approved so we know exactly what your comfortable budget looks like. When it comes to your down payment, a good rule of thumb is to have at least 5% of the purchase price saved up. Need a recommendation? I can help you find a professional broker or banker to suit your specific needs
Call me!
It is essential to work with someone you completely trust. I’m here to make buying a home simple and stress-free by handling the heavy lifting, respecting your budget, and always protecting your best interests
The Fun part!
Let's find your dream home. Share your wish list with me, and I'll give you the insider advantage: custom alerts that let you see new listings before the general public does. See something you love? I’ll book us a private tour immediately.
Conditions for purchase
Hidden
From the point of an accepted offer, this gives your mortgage broker 7 – 10 business days to approve your mortgage. It’s important to note that your initial pre approval is different from your mortgage approval – the pre approval you do at the beginning of this process with your broker is approving your personal financial picture, whereas the next step for the broker once you have an accepted offer is approving the property itself.
Financing: Pre-approval VRS Final approval
Once we have an accepted offer, your mortgage broker gets to work! They usually have 7 to 10 business days to officially approve your loan. While your initial pre-approval meant the lender gave a thumbs-up to your personal finances, this final step is all about getting the lender's thumbs-up on the specific property you are buying."
Property Inspection:
Think of the inspection as a health check for your home. It uncovers any hidden flaws so you understand exactly what you are buying. If repairs are needed, I’ll negotiate with the seller to get them fixed or we can simply walk away to protect your investment
Condo Document Review:
To make sure there are no hidden surprises, we’ll dive into the condo documents together. These files are essential because they show us the true financial and physical health of the condo corporation. I will explain exactly what it all means so you can move forward with total peace of mind.
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