BUYING YOUR FIRST HOME
FIRST TIME BUYER? SEE WHAT ADAM WILL DO FOR YOU
✓ Paid Lawyer Fees
✓ Paid Home Inspection
✓ Comprehensive Market Analysis on properties of interest
✓ Paid Moving Costs
✓ 24/7 Assistance
✓ Strong Negotiation Skills, Offer Presentations, Home Purchase Guidance
Buying your first home can be a bit daunting and you may not be sure of where to start. Read our step-by-step guide about buying a house in Canada, so you can close with confidence.
As your personal guide and trustworthy agent, I strive to give you the best of the best. In the years that I’ve spent in the industry, homebuyers have always asked me “What do I need to do when I buy a house?”. I’ve composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!
Step 1: Decide to Buy
Before you even go looking for a home, you have to understand your needs. Think about the type of place you’re looking for. Are you looking for a lot of bedrooms and washrooms for your family? Do you want a pool in the backyard? Do you want to live close to a school or a mall? These are just some of the things you have to consider before start looking for a new home.
You also have to familiarize yourself with different types of ownership as well to help narrow down the perfect home. Freehold is when it’s all yours, a condo is when you take care of the inside and pay your fees to an association, and co-op is similar to a condo but you rent a unit in the building and pay maintenance and repair fees.
Once you have narrowed down some qualities, its time to go looking for a home!
Step 2: Hire an Agent
There are thousands of real estate agents how do you chose one that’s right for you?
You have to pick carefully. They will be acting as your representative and you will need someone to look out for your best interests. You will need someone that you can trust and someone who understands what you want.
There are a few ways to look for your perfect Realtor, such as:
- Jot down some names and numbers that you find on “For Sale” signs
- Ask friends and family for a recommendation
- Visit one of the local offices in your area
They have to be a trained professional who knows your area inside out. A great agent is someone who offers you quality services to help you accomplish your goal.
Step 3: Find your Home
There are many ways of finding that dream home! First, before you go shopping you have to make sure you are also financially ready. Make sure to have a budget when you go shopping. You can use my very handy affordability calculator by clicking here.
One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay. The more money you put down, the more you’ll save on monthly payments and cost of borrowing. Another important aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea of how much you can afford to buy your new house.
Keeping these things in mind, you are free to go window shopping! You can go searching for houses according to the different neighbourhood surrounding you, check newspaper listings, websites, or even drop by any open houses that are being held in your area. Looking for houses can be really fun and exciting! You can browse listings using the smart listings search on my website, here.
Step 4: Make an Offer Now
Now that you’ve found the house that you are set on, it’s time to make an offer. Not all offers are the same and here’s where your real estate agent comes in. They will help you with specific terms and conditions that will be specified in the offer like the price you want to pay, financing conditions, or other things like inclusions and exclusions.
Not only is it about the price of the house but you have to carefully look at the other details included in this sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in the offer.
If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.
Step 5: Close the Sale
There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees. But once that’s taken care of, you get your new house.
Congrats, welcome to your new home! You’re all ready to move in!
Find Your Dream Home
Adam has been fantastic helping me find a house to buy I appreciated that he began the process by sitting down with me to really learn and understand what was important for my first home.
Instead of going through countless listings on my own as I had before I met Adam, he began feeding me only the listings that applied to me based on my needs.
I was also impressed by the number of hidden pocket listings of which he was aware helping to keep me out of the painful bidding wars I have encountered in the past.
While my previous experience with other realtors has led me to feel they are often only motivated to make a sale,Adam has personally gone far beyond this unfortunate norm. He truly cares first and foremost that I find a home that makes me happy and won't let me settle for anything less.
I would definitely recommend him to anyone looking to find their special home
We had a great experience selling our house with Adam . He was professional, knowledgeable, and responsive. He has a lot of experience and knowledge of the real estate market in our area. We were very pleased with his services from start to finish and sold our house quick and above asking!Khaqan H
Adam is a an experienced Real Estate agent who really makes sure that you get your dream house, a property which you can call home. I highly recommend Adam.Madhav Nath
Thank You Adam for your patience and time over these past 7 months in trying to find the right home in this crazy market !! This week we moved into our new home and it is so good to be settled. Thank you for arranging the Mortgage for us we couldn't do with you When I go to downsize( the next time) I will be sure to connect with you again.Mohammed Awadi
My wife and I have had the opportunity to work with Adam several over a Year on homes and commercial spaces, each time very successfully and our experiences have been nothing short of spectacular!Ritish
A great person and always has a way out for buying difficultiesDr.Majed Zaitouni
Both his personality and work skills are greatMounir Srayeddin