10 Steps to Purchasing a Home
Buying a home does not have to feel complicated. The right process, clear advice, and good preparation can make each step easier to understand and manage.
I’m Dave Holt, and my role is to guide you through the process, protect your interests, and make sure you understand what happens from the beginning of your search through closing day.
Purchase a Home with Your Trusted Expert
Contact Dave Holt as your Trusted Realtor. Real Estate is not a difficult business however like most things in life there’s a right way to do things and there’s a wrong way to do things and life’s challenging enough without making it any more difficult. I treat each and every one of my clients like they’re my Family- I do right by them by treating them with honesty, putting their best interests first and being the resource they need me to be. I’m with my clients each step along the way and will make sure the sale goes as smoothly as possible for everyone involved.
Define Our Search
Define our Search, area, type of home, price range- I’ll explain the current market conditions to you, and determine the type of home you’d like to purchase, importance of schools, area or neighbourhood, commute for work and any other “must haves”.
Review and Sign the Buyer Representation Agreement
Review and sign the Buyer Representation Agreement- I review and explain the RECO Information Guide and BRA forms with you first before you sign anything. I do not expect anyone to sign these documents the first time we meet.
Obtain Preapproval for a Mortgage
Obtain preapproval for a Mortgage- I can provide several mortgage brokers you may wish to contact to get approved for a mortgage. It’s important to get preapproved early in our search to protect you against the possibility of interest rates going up and to ensure we’re looking at homes you can afford.
Search for and View Homes Listed for Sale
Search for and view homes listed for Sale- You’ll receive new listing alerts from me and then we’ll view as many homes as is necessary to make sure we find just the right home for you.
Prepare a Market Evaluation Analysis
Prepare Market Evaluation analysis of Home you’d like to submit an Offer- Before we submit an offer, I’ll complete an analysis of recent sales of comparable homes in the neighbourhood and recommend an offer price. I’m willing to bet that you as a Buyer will already have an idea of what to offer based on our time spent together (market intelligence).
Offer Presentation and Negotiation
Offer Presentation and Negotiation-I’ll prepare the Agreement of Purchase and Sale and related documents and include all necessary clauses and conditions making sure your interests are fully protected!
Fulfill Conditions in the Accepted Offer
Fulfill conditions in accepted Offer- Our offers will likely include conditions such as satisfactory financing, satisfactory review of a status certificate (Condos) and satisfactory home inspection. All designed to protect you the Buyer before finalizing your purchase.
Accepted Offer and Close the Sale
Accepted Offer and Close sale of your home- Once we’ve fulfilled (completed) all of the conditions in our offer the house is sold firm. Your lawyer will complete all of their responsibilities and on the day of closing you’ll receive a call from your lawyers’ office saying the transaction has closed and congratulations on your purchase. Have fun moving!