If you are planning on buying your first home or you haven’t bought a new home in several years, there may be a lot of questions you have regarding the home buying process. Some questions might be what can I afford to buy? Is this the right time to buy a home? Can I find the perfect home for my family?
Buying a home can be stressful and overwhelming, but not to worry, because everyone in your situation feels the same way you do. If you are ready to buy a home and don’t know where to start, this mini guide will help you navigate the process of buying a home.
Step One – Getting Pre-Approved for a Mortgage
The best time to get a mortgage pre-approval is before you officially start searching for a home, as it will give you a clear idea of the price range you can afford whether it is in Brampton, Caledon, Georgetown, etc. A mortgage pre- approval will eliminate any potential disappointments from the get go. Imagine finding a home you absolutely fall in love with, only to find out later it is beyond what you can afford. Knowing your price range allows you to look for homes within your budget carefree. Check out our mortgage calculator and more here.
Step Two – Deciding What You Want
Step Three: Down Payments and Closing Costs
Step Four: Choosing the Right Real Estate Agent and Begin Your Search
Once you find a real estate agent that is right for you, the search can finally begin. The search for your home can begin with you online as well as having your agent send you listings that they feel will best suit your needs based on your must-have list.
The Mitchell and Saldanha Real Estate Team always strives to find properties that match their clients’ visions and needs. With extensive experience in the market and genuinely looking out for their clients, the team is able to address your housing needs. Contact them today if you are looking for homes in Brampton, Georgetown, Caledon, Ornageville, Mono, and other GTA areas to discuss your housing needs.
Step Five: Put in an Offer and Negotiate
Step Six: Condition Removal and Inspection
In this step, your real estate agent is there to guide you through the process. Based on their experience and knowledge, your agent can give suggestions as to what your potential options are.
Step Seven: Preparing for Closing Day
These are just a few tips to help you understand what the buying process is like. For more information about buying a home or if you would like to talk to a real estate agent, contact the Mitchell Saldanha Real Estate Team here today or send an email at firstname.lastname@example.org and ask for our buyer's guide!