Your Home Buying Journey
The home buying process can feel daunting, but it doesn’t have to be. Count on us to guide you through the journey. We’ll be by your side – and on your side – every step of the way.
1. Meet Your Realtor
First, let’s talk! We want to get to know you – your needs and wants, deal makers and deal breakers, and the why behind your quest for home ownership. We’ll meet and discuss the style, price point, location and overall vision for your future home, and your timeline for finding it.
Timing: 1 hour
2. Mortgage Pre-Approval
Seeking a pre-approval early on allows you to determine an affordable price point for your future home and helps alleviate the pressure of home financing later on. If you are not connected to one, we are happy to recommend a few outstanding local brokers that can assist you in finding a great rate.
Timing: 1 to 3 weeks
We Recommend: Mortgage Broker
3. Home Search
Our search begins with a Discovery Tour. During these initial trips, you’ll have the freedom to explore a few different options, and we will gather more insight into what you like. These insights are then used to create your customized MLS search portal. Updates will be sent to your inbox daily based on your specific criteria. Find a property you’re interested in? We’ll schedule viewings and tour homes together – as many as you like, at your own pace, until you find something you truly love. Plus, we have a super handy app to help you see all the inside details on your favourite homes.
Timing: Typically 2 to 6 months
4. Negotiation
Property found! Time to evaluate the home based on recent market activity and how the home showed while viewing. We position your offer to get you the best terms and price. Once we reach an agreement, the home is now ‘conditionally sold’ and we get to work on satisfying the conditions on the offer.
Timing: Negotiations take a few hours to a few days. Your initial deposit is due approximately 48 hours after the agreement is reached.
5. Condition Period
During this period, the conditions set in your contract must be satisfied. We will get in touch with your Mortgage Broker so that you can obtain the necessary financing to get fully approved on the mortgage and help arrange a thorough review of the property with a certified Home Inspector. If you’re purchasing a condo, you will need a condo document review.
You’ll need: Mortgage Broker, Bank, or Lender for financing; Home Inspector (approximately $500 – $600); if applicable, Condo Document Review ($450 – $500)
Timing: Typically 2 weeks
6. Sold
Conditions are removed, the home is SOLD. Now it’s time to finalize the property transfer. You will need to engage a lawyer. Now, you are officially a homeowner. 24 hours prior to closing we’ll do another walkthrough of the space to make sure it’s looking great.
Timing: Variable dependent upon possession; expect to spend 1 hour with the lawyer one to two weeks prior to possession. We’re happy to recommend a lawyer too.
7. Possession Day
The title has been transferred, the funds have been received and the keys have been released. All that’s left to do now is move in. Congratulations, and welcome home.
Timing: Contracts often state noon on your possession date; One last 1-hour walkthrough and a lifetime of memories.
Need a recommendation for a talented interior designer, skilled tradesperson, or a new favourite restaurant in your neighbourhood? Even after the deal is done, we are always here.
Have more questions about the Home Buying process? Reach out to us – we’re always happy to connect.