10 STEPS TO BUYING A HOME IN GEORGINA
Step 1- Make the Decision to Move
In our experience the decision to move is often triggered by life events:
- Changes in your marital status (divorce or marriage)
- Changes to your job
- Family changes (new baby, or aging parents)
- The need for space
- The need for less space
Sometimes it's just the sheer desire for change that gives us motivation. Whatever your reason is, buying a home is certainly a very exciting time.
Step 2 - Get Professional Guidance from a REALTOR®
No matter how many times you've bought a home in the past, it's important that you get help and advice from a trusted real estate professional. Our job is to act as representation and as a consultant and guide you through the entire buying process. That includes answering questions about the neighborhood, market conditions, schools, and helping you get the financing you need.
Step 3 - Get Pre-Approved For A Mortgage
In today's market, a mortgage pre-approval can go a long way. If you want to know how much mortage you can afford you can use our Mortgage Calculator, but it's best if you discussed your fianancing options ahead of time with a qualified Mortgage Professional
Step 4 - Begin Your Home Search
To begin your search, you should have a general idea about the type home you want. Once you've submitted your Dream Home Wish-List will use all of our resources to find homes that fit your criteria. Our preferred lenders will often give us the heads up on Power Of Sale properties long before they ever get listed on MLS. As able, we will also be able to advise you on “hot” markets and any good deals that are available.
Step 5 - Book Your Showings
Touring properties for sale is the fun part! When you hire a REALTOR® to represent your best interests you'll book all your showings through them. They will help you view properties objectively. Check out the homes listed in Georgina today to get you started.
Step 6 - Submit an Offer
After touring some homes, your search will be narrowed down, and you will be one step closer to finding a home to buy! After you find your dream home, we will put together an offer to the seller that is tailored to your needs.
Step 7 - Negotiate the Deal
It is very likely that the seller will submit a counter offer. We will help you assess the counter offer and help you to make an informed decision accept the counter offer, submit another counter offer, or reject the counter offer and move on. Emotions can often get in the way of making good decisions here, this is why using an agent with experience is so important.
Step 8 - Fulfil Your Conditions
If your home offer included conditions before the offer becomes firm and binding, this would be the time to do that. You may be required to secure financing and obtain a home inspection. We will work with you to do just that. Quite often we have only 5 banking days to get this done, so it's important that we have everything we need available to us.
Step 9 - Close the Deal
Once your deal is firm (ie. all conditions have been fulfilled or waived) it's on to the closing period. This period is often 60-90 days after the sell date. In this time you will have to hire a lawer. Closing costs, land transfer taxes, and your final down payment arrangement will all be handled by your lender and your lawers. If you have any questions or concerns through this process will will be standing by to answer anything as it comes up.
Step 10 - MOVE IN!
The most exciting step in the home buying process- moving day! A little bit of planning here will help ease the pressure of moving.