MY BUYING APPROACH
A well planned and educated approach is key to making your home buying experience exceptional.
Buying a home is one of the most exciting – and at times overwhelming – journeys you’ll take. The key to making confident, informed decisions is education. By immersing yourself in the market and taking the time to explore a variety of properties and neighborhoods you gain valuable perspective on what feels right for you, and how to make a smart choice when the right home comes along.
Of equal importance is understanding current market dynamics—like supply, demand, and pricing trends. Being aware of these factors ensures your offer is strategic and competitive. Here’s how we’ll navigate the process together.
TRUST THE PROCESS
STEP 1
Budget Discussion
No matter your stage of life or your property goals, we’ll start with a clear review of your finances. This ensures you know exactly what works for you—no surprises, just clarity—so that every decision you make is grounded in confidence.
STEP 2
Pre-Approval
Before we dive into house hunting, we’ll secure a mortgage pre-approval. You’ll know your budget and be able to make offers with confidence. I’ll connect you with trusted mortgage professionals, and if you’re a first-time buyer, we’ll explore available perks and programs to make your purchase even smoother.
STEP 3
Explore Neighborhoods
With pre-approval in hand, we’ll talk about your dream home and the neighborhoods you’re drawn to. I’ll show you a variety of properties, introduce you to areas you might not have considered, and help you narrow your options. This stage is about getting educated, understanding the market, and discovering where you truly feel at home.
STEP 4
Finding “The One!”
When we find the property that feels right, I’ll provide a data-driven market analysis, compare similar homes, and craft an offer strategy designed to ensure we land your dream home.
STEP 5
Smooth Closing
From deposits to lawyers, lenders, and moving day, I handle the details so your closing is seamless and stress-free. You can focus on celebrating your new home while I take care of the rest.
THE TRUE COST OF BUYING
Buying a home involves more than just the purchase price. From deposits and down payments to taxes, lender requirements, and legal fees, knowing these costs upfront helps you plan confidently and avoid surprises.
DEPOSIT
- Paid in certified funds when making an offer, usually 5% of the purchase price.
- Held in trust until closing and becomes part of your down payment.
DOWN PAYMENT
- Separate from the deposit; lump sum paid at closing.
- Deposit is applied toward the total down payment.
LENDER STRESS TEST
- Proves you can afford your mortgage at a higher interest rate.
- Required for all borrowers with federally regulated lenders.
CMHC MORTGAGE INSURANCE
- Required if your down payment is less than 20% of the purchase price.
- Premium is calculated as a percentage of the mortgage.
- Can be paid upfront or added to your mortgage payments.
LAND TRANSFER TAX (LTT)
- Paid at closing; calculated based on purchase price.
- Toronto buyers pay both provincial and municipal LTT.
- First-time buyers may qualify for a rebate.
LAWYER’S FEES
- Legal support is required for closing; expect ~$2000.00
- Lawyers handle title review, adjustments, and ensure a smooth closing.
STATEMENT OF ADJUSTMENTS
- Covers reimbursements for things like pre-paid utilities or property taxes by the seller.
- Ensures all financial matters are fairly divided on closing day.
DESIGN CONSULTATION
Need help making design decisions now that you’re in your new home? Call me. I’m happy to provide assistance with paint colors, flooring choices, furniture style and placement and a variety of other home renovation and décor decisions.
