Buyers Guide
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 starting to look 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!
Gianpiero (GP) Di Palma and his team of qualified and professional real estate agents service areas include: All of Toronto and the GTA, Peel Region, Halton Region, Hamilton, Durham Region, York Region, Wellington County, Brant County, Niagara Region, Waterloo Region, Grey County, Dufferin County, Simcoe County, Simcoe Region, Kawartha Lakes, Peterborough County, Nipissing District, Muskoka Region, and others. Neighbourhoods & communities we serve: Ajax, Alderwood, Alliston, Ancaster, Angus, Annex, Armour Heights, Aurora, Barrie, Bayview Village, Beamsville, Beaverton, Binbrook, Bloor West Village, Bolton, Bond Head, Bracebridge, Bradford, Bridal Path, Brock, Burlington, Caledon, Tottenham, Beeton, Bond Head, Caledonia, Cannington, Casa Loma, Chinatown, Churchill Meadows, Clarkson, Clanton Park, Cobourg, Collingwood, Concord, Cooksville, Credit Mills, Credit Pointe, Creditview, Danforth Village, Don Mills, Don Valley Village, Downsview, Dundas, East Credit, East York, Elora, Erin, Erin Mills, Essa, Etobicoke, Fairview, Fergus, Forest Hill, Georgetown, Georgina, Grand Valley, Gravenhurst, Grimsby, Guildwood, Guelph, Halton Hills, Hamilton, Harbourfront, High Park, Hoggs Hollow, Horseshoe Valley, Hurontario, Huntsville, Innisfil, Keswick, King, King City, Kleinburg, Lakeview, Lawrence Manor, Lawrence Park, Leaside, Leslieville, Liberty Village, Lincoln, Lisgar, Little Italy, Little Portugal, Long Branch, Lorne Park, Loretto, Maple, Markham, Markland Wood, Meadowvale, Meadowvale Village, Midhurst, Midland, Millbrook, Mimico, Mineola, Mississauga Rd, Mississauga Valleys, Moore Park, Mount Dennis, Muskoka, New Toronto, Newmarket, Niagara Falls, Niagara-on-the-Lake, Nobleton, North Toronto, North York, Oak Ridges, Oakville, Orangeville, Orillia, Oro-Medonte, Oshawa, Parkdale, Penetanguishene, Pickering, Port Credit, Port Hope, Port Perry, Puslinch, Ramara, Rathwood, Richmond Hill, Riverdale, Roncesvalles, Rosedale, Rattray Marsh, Scarborough, Schomberg, Shelburne, Sheridan, Smithville, South Riverdale, Springwater, St. Catharines, St. Lawrence Market, Stayner, Stoney Creek, Streetsville, Sunnyside, Swansea, The Beaches, The Junction, The Kingsway, The Queensway, Thornhill, Tiny, Tottenham, Trinity Bellwoods, Vaughan, Wasaga Beach, Welland, Weston Village, Whitby, Whitchurch-Stouffville, Willowdale, Woodbridge, York, York Mills, Yorkville.
384 Winfield Terrace, Mississauga, Ontario, L5R 1N8
Main Office: 800-704-2334
Fax: 416-987-4920
Email: newworld2000realty@gmail.com
Gianpiero (GP) Di Palma
New World 2000 Realty Inc. Brokerage Broker of Record
3149 15th Sideroad, Beeton, Ontario L0G 1A0
Direct: 416-417-8790
Office: 647-951-7355
Main Office: 800-704-2334
Email: gpdipalma@gmail.com
