BUYING

Let me help you every step of the way

SET A BUDGET

Understand where your money is going before you add home expenses to the mix. Consider all your monthly bills and any existing debts, like car or student loans.

Your down payment is also a key part of you budget. Will you purchase with the minimum 5% down payment, or are you planning on putting down the conventional 20% down payment? Both options come with different terms and rate options that a lender/broker can help you understand.

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WHAT'S AFFORDABLE?

Your lender will work to calculate your Gross Debt Servicing Ratio (household debt to income ratio) and Total Debt Servicing Ratio (total debt load to income ratio). 

A stress test is also required by CMHC to protect you from borrowing more money that you can afford, given a future change in interest rates.

For example: You may qualify for a $300,000 mortgage with a five-year fixed rate of 2.25%. That is until the bank uses the stress test rate of 5.25%, and now you can only afford $240,000.

GET PRE-APPROVED!

This is a critical step before starting to look at homes. Find a lender or mortgage broker who is experienced and provides great service. 

This sets you up to be successful in an offers situation as sellers are not only considering price, but the conditions of the offer in a competitive environment.

THE FUN BEGINS!

We start the search for your dream home! My job is to keep you informed of homes coming on the market that meet your needs. Think about what you want in a home:

  • Number of bedrooms 
  • School area
  • Do you need a home office?
  • Country acreage or urban setting?

Whether it is getting you set up on an email alert to notify you immediately of new listings, or searching MLS for potential properties, I can show you ANY home that’s listed. I will take care of booking the showings, getting your questions answered and negotiating you the best terms!

LOOKING TO BUY

There are MANY things to consider when buying a home. After spending 18 years in banking, my goal is always to ensure you achieve financial success. Here are a few more things to consider and prepare for to achieve that goal:

OTHER THINGS TO CONSIDER WHEN BUYING A HOME

  • Deposit required with your Offer to Purchase (apart of your down payment paid at the time the offer is accepted)
  • Legal fees and Land Transfer Tax when purchasing
  • Which lawyer will you use?
  • Title insurance
  • Home Insurance
  • Moving costs
  • Potential renovations needed

I am always familiar with the current homes on the market, and I know how your values fluctuate in your area well, so I can help you determine which properties are fairly-priced and in good condition before you start your search.

When purchasing a home, you are faced with a multitude of decisions! The primary one is whether you are actually prepared to purchase a home. Locating the perfect home is not always an easy task, and obtaining a mortgage loan can be a complex and tiring process. Although, once you have determined that you are ready to move forward with the required effort towards your home-purchasing goal, the rewards are unquestionable.

 While at your side each step of the way, I will make the process of purchasing a home easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. I will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale that match your specifications, and help you through the myriad of details attending the actual purchase.

Finding The Right Home For You

Once you've been pre-qualified and know what price range you want to stay in, I can help you determine which properties fit your needs by using the online tools available to locate them

 I have the best possible resources and communication systems available today to help you locate the homes on the market that match your specifications. You can even search my listings here at my website.

REAL ESTATE THE RIGHT WAY

I will help you complete your financing and inspections, and close on the transaction. 

My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful.