Buying Tips

Buying Tips

Buying Tips

In this home buying section, I will walk you through some of the very important points to help you quickly set up the notes in your home search.

  • Contact a mortgage specialist & get pre-approved
  • Review Purchasing Costs
  • Property Tax
  • S.T (only on new property)
  • Legal Fees (Lawyer fee etc.)
  • Home / Condo Inspection (if applicable)
  • High Ratio Mortgage Premium (only if borrowing over 80% of the purchase price)
  • Deposit (minimum 5% & forms part of the purchase price)
  • Review First Time Buyer Savings (Tax rebates / RRSP withdrawals / Tax Credit)
  • RRSP tax free withdrawal
  • Define your Search Criteria
  • Needs Vs. Wants analysis
  • Neighborhood analysis (likes & dislikes)
  • Determine what your budget will get you in your neighborhood of choice
  • View property details from listings in your neighborhood of choice
  • Tour open houses of qualified homes
  • Make an offer
  • Draft Contract of Purchase & Sale
  • Determine Price, Possession date & Completion Date
  • Determine Subjects such as Inspection, Financing & Paperwork)
  • Submit Offer (with Expiry time and date)
  • Sellers Options (Accept, Counter or reject)
  • Place deposit check into the Trust Account of your Realtors Brokerage
  • Select Notary Public / Lawyer
  • Prepare for the move

Contact Us