Purchasing your next home is a life changing experience and you deserve one which moves you!
You know it can be complex and requires planning. You know it can take time and knowledge. You know that it will take finances and you know experience will help you make this an investment for the long term or short term.
If you are ready to move forward WESTSIDE Realty will aid you. Our goal is to make the process run smoothly. To ready you for this, here is a general overview of what to expect and prepare.
Get Your Finances In Order
- Budgeting and preparing for your initial down payment.
- Meeting with your mortgage broker.
- Know your budget
Shopping around for the best rate is highly recommended.
Visualize Your Dream Home
Once you’ve established a price range, it’s time to decide what type of home will best suit your lifestyle. Access to schools, recreational facilities, what the neighbourhood is like are just a few of the factors going into the purchase of your new home. Why you’re choosing to buy should help answer these questions for you — so think about it carefully. You may want to put this down in writing and create a needs vs wants list.
Meet With a Real Estate Agent
It’s important to partner with a real estate agent you feel completely comfortable with. A REALTOR® can help you find your dream home, that meets both your needs and your budget. They will set you up with viewing appointments, and also help bring clarity to the complicated process of buying a home. You’ll want to go with an experienced and knowledgeable REALTOR® who you can be sure will represent your best interests.
The Search
Using the property search on this site and consulting with your Real Estate Agent, you will be able to find homes in your desired area. They’ll update you frequently regarding new listings and schedule you appointments with sellers.
Closing
Your Real Estate Agent can help you place an offer that the seller will either accept, counter, or reject. After you’ve negotiated an offer, you’ll need to conduct a home inspection and deal with any repairs (the cost of which you can also negotiate with the seller). Finalize your mortgage with a visit to your lender, and you’re ready to sign off on ownership. This typically takes place in a lawyer’s office.
At this point, congratulations are in order! Becoming a new homeowner is one of the most liberating things you’ll ever experience. There are many benefits to home ownership — pride of ownership, the ability to make home improvements, building equity, appreciation — the list goes on.