Get Pre-Approved for a Mortgage
Before you start shopping, get pre-approved by a lender. This tells you exactly how much you can afford and shows sellers you're a serious buyer. We can recommend trusted mortgage brokers.
Pro Tips:
- Compare rates from multiple lenders
- Get pre-approved, not just pre-qualified
- Lock in your rate for 90-120 days
Define Your Criteria
Work with your agent to identify your must-haves, nice-to-haves, and deal-breakers. Consider neighbourhood, property type, size, and budget to focus your search.
Pro Tips:
- List your top 5 priorities
- Be realistic about trade-offs
- Consider future needs (5-10 years)
Search for Properties
Your agent will set up automated searches and schedule showings. Expect to see 10-20 homes before finding 'the one'. Take notes and photos at each showing.
Pro Tips:
- Don't rush the process
- Visit at different times of day
- Check the neighbourhood on foot
Make an Offer
When you find the right home, we'll prepare a competitive offer. This includes price, deposit, conditions (financing, inspection), and closing date.
Pro Tips:
- Be prepared for negotiation
- Include appropriate conditions
- Have your deposit ready (certified cheque)
Negotiate & Accept
The seller may counter-offer. We'll negotiate on your behalf to reach terms that work for both parties. Once accepted, you have a binding agreement.
Pro Tips:
- Stay calm during negotiations
- Know your walk-away point
- Trust your agent's guidance
Fulfill Conditions
Complete your home inspection, finalize mortgage approval, and satisfy any other conditions within the specified timeframe (usually 5-10 days).
Pro Tips:
- Book inspection immediately
- Review inspection report carefully
- Get quotes for any issues found
Hire a Real Estate Lawyer
Your lawyer handles title search, land transfer tax, closing documents, and fund transfers. We can recommend experienced real estate lawyers.
Pro Tips:
- Budget $1,500-$2,500 for legal fees
- Provide documents promptly
- Review everything before signing
Closing Day
Your lawyer completes the transaction, you pay the remaining balance, and receive your keys! Congratulations on your new home.
Pro Tips:
- Do a final walkthrough
- Set up utilities in your name
- Change the locks