Buying

Ready to start the hunt for your New Home?

Buying your first home is a fun and exciting experience, but it can sometimes feel overwhelming at times. You are not in this alone, we are happy to help you along the process and even provide you the contacts needed to be successful.

This guide will walk you step by step through the entire process.

Step By Step Guide

The Home Buying Process

Planning ahead is a key ingredient in this step. Setting up a savings account, putting any bonuses, refunds, tax refunds, or cash gifts into the account will give you a great head start. It is also possible to use RSP’s to contribute to the down payment if this is your first time buying a home! This money will go towards the price of the home.

TIP – If you are moving into the home the minimum required is only 5% of the purchase price!

Pre-approval means you have been qualified by a lender for a mortgage loan based on the information you have given them; this is where you will be given a pre-approval amount (example – $400,000) and are given the go ahead to start shopping homes in that price range! This pre-approval process is completed with a Mortgage Specialist (at a specific bank) or a Mortgage Broker (available to shop all banks with you).

The pre-approval specifies a term, principal amount, and interest rate. We recommend getting started on this step as early as possible, as it will give you a clear picture of how much you are able to afford. Pre-approval locks you in for a time period (example – 90 days) at the same interest rate, so even if the rates go up during that time, yours will stay the same.

Now the fun begins! Condo, Single Family Detached, urban or rural living? We can help you find JUST what you are looking for by setting you up on a search outlining all that appeals to you in a home! Pictures only go so far, lets get out and see the properties that interest you!

When you’ve found the one you love that’s in your price range, put in an offer! Calvin will be there guide you through this portion.

We want to make sure that the home is up to your standards, and hiring a trustworthy home inspector is key. This step will help eliminate any worry about issues that may not be noticeable at first glance.

Ask around to your family and friends to find out who they have hired before, we also have great Lawyers available to recommend. The lawyer will make sure your paperwork is completed correctly, and will keep you well informed of the process.

This will take a few days to complete as all the paperwork is finalized by your Lawyer.

Congratulations! You’ve done it! This is the beginning of a new chapter in your life! Welcome to your new HOME!

Get Our Full Guide

Download our free buying and selling guide. In it you will find some of my best advice, tips, and tricks. Just fill out the form below and we’ll email it to you right away!

Have any Questions?

Let's Work Together