Buying your first home feels like a lot, but it follows a clear order. Here are the steps, in plain language.
Set your real budget. Look at your income, savings, debts and monthly comfort level, not just the biggest amount a lender offers.
Get a mortgage pre-approval. It shows your budget and strengthens your offer. Compare more than one lender or a mortgage broker.
Plan for the extra costs. Beyond the down payment, expect legal fees, land transfer tax, inspection, insurance and moving costs. Ask your lawyer and agent for current figures, and ask about any first-time buyer rebates that apply to you.
List your must-haves and nice-to-haves. Be clear about location, size, commute and condition so you can search faster.
Tour homes with an agent. An agent can explain what a listing does not say, such as how long it has been on the market and how similar homes sold.
Make an offer with conditions. Common conditions include financing and a home inspection. Your agent will explain what each one protects.
Complete due diligence. Do the inspection, review documents and confirm your financing.
Close and get your keys. Your lawyer handles the paperwork and transfer on the closing date.
Choosing where to look
Simcoe County has everything from city living in Barrie to lakeside communities like Innisfil and small towns such as Alliston and Bradford. Browse our town guides to see which fits.
Not sure where to start? Call us at 705-985-0082 or send a message, and we will walk you through it with no pressure.
