MARIE TAVERNA & KIM TAVERNA

TAVERNA REAL ESTATE GROUP

Direct : 604-802-7759   

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Home Inspection Resources THE ULTIMATE HOMEBUYER’S CHECKLIST

 Home Inspection Resources THE ULTIMATE HOMEBUYER’S CHECKLIST

Here’s how to start your home buying journey.

Buying your first home is a huge milestone. Congratulations! There are so many decisions to make along the way – everything from determining what you can comfortably afford to spend to maintaining your home over the years. 

In recognition of these important decisions you’ll have to make throughout your time as a homeowner, we’ve created The Ultimate Homebuyer’s Checklist to walk you through every step, ensuring you’re well-prepared and confident in your homebuying decisions.

The Ultimate Homebuyer’s Checklist includes the following 10 key steps to helping ensure a smooth transition into homeownership and throughout your homeownership journey:

Step 1 – Assess Your Financial Situation

  • Calculate your budget, including down payment, closing costs and ongoing monthly expenses
  • Check your credit score and work on improving it as needed
  • Get pre-approved for a mortgage with your mortgage broker or lender to determine what you can comfortably afford to spend

Step 2 – Define Your Home Preferences

  • List your must-haves, such as the number of bedrooms, location and desired features
  • Differentiate between your needs and wants to prioritize effectively
  • Research neighbourhoods and communities to find the perfect match for your lifestyle

Step 3 – Find a Real Estate Agent

  • Ask for recommendations from trusted friends, family and colleagues, and conduct interviews to select a reputable agent with whom you feel comfortable working
  • Ensure your agent has expertise in your preferred location/neighbourhoods
  • Communicate your goals and preferences clearly

Step 4 – Start House Hunting

  • Attend open houses and schedule viewings with your agent
  • Take notes and photos to compare different properties
  • Consider the potential for future growth and resale value of each property

Step 5 – Make an Offer

  • Work with your agent to craft a competitive offer
  • Negotiate terms, including the price, contingencies and closing date
  • Be prepared for counteroffers and stay flexible, but also be cognizant of your maximum purchase price

Step 6 – Inspect the Property

  • Hire a professional home inspector to evaluate the property’s condition
  • Review the inspection report carefully and address any concerns
  • Negotiate repairs or credits as necessary

Step 7 – Secure Financing

  • Review loan terms and with your mortgage broker or lender to ensure you understand the details
  • You’ll be required to get mortgage insurance if your down payment is less than 20% of the purchase price
  • Finalize your mortgage application with your mortgage broker or lender

Step 8 – Close the Deal

  • Review the closing documents with your lawyer/notary and agent
  • Conduct a final walkthrough to ensure the property’s condition
  • Sign the paperwork and receive the keys to your new home

Step 9 – Move and Settle In

  • Plan your move and hire movers if needed
  • Change your address, set up utilities and forward your mail
  • Personalize your new house so it feels like home

Step 10 – Maintain Your Investment

  • Create a maintenance schedule for your new home
  • Budget for repairs and improvements over time
  • Stay connected with your real estate agent and home inspector for future needs

Get The Home Buyer’s Checklist Before Your Buy!

To make your homebuying journey even more manageable, we’ve prepared a downloadable PDF version of The Ultimate Homebuyer’s Checklist. Print it out and keep it handy as you embark on this exciting adventure. With this checklist by your side, you’ll be well-prepared to find your dream home and make it your own.

 

Download The Ultimate HomeBuyer’s Checklist Here

 

Your path to homeownership starts here. Happy house hunting!

 

Find an Inspector near you: https://abuyerschoice.com/locations

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