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Buyer’s guide to buying a home in Toronto, Brampton and Mississauga, Ontario

As your personal guide and trustworthy agent, I strive to give you the best of the best. I believe that to make the best realtor in Toronto, Mississauga and Brampton list, a realtor needs to be aware of the market and share that knowledge with clients. In the years that I’ve spent in the industry, homebuyers have always asked me “What do I need to do when I buy a house?”. I’ve composed a step-by-step guide that organizes the buying process to make buying a house simple and fun!


Step 1: Decide to Buy 


Before you even go looking for a home, you have to understand your needs. Think about the type of place you’re looking for. Are you looking for a lot of bedrooms and washrooms for your family? Do you want a pool in the backyard? Do you want to live close to a school or a mall? These are just some of the things you have to consider before you start looking for a new home.

You also have to familiarize yourself with different types of ownership to help narrow down the perfect home for your family. Freehold is when it’s all yours, a condo is when you take care of the inside and pay your fees to an association, and co-op is similar to a condo but you rent a unit in the building and pay maintenance and repair fees.

Once you have narrowed down the criteria, it’s time to go looking for a home!


Step 2: Hire an Agent


There are thousands of real estate agents proficient in different locations. How do you choose the best realtor in Toronto, Brampton and Mississauga for your needs?

You have to pick carefully. The agent will be acting as your representative and should be someone who can look out for your best interests. You will need someone that you can trust and someone who understands what you want.

There are a few ways to look for your perfect realtor, such as:

  • Jot down some names and numbers that you find on “For Sale” signs
  • Ask friends and family for a recommendation
  • Visit one of the local offices in your area

The agent should be a trained and experienced professional who knows your area inside out. So, to narrow down on some of the best realtors in Toronto, Brampton and Mississauga, be sure to look at their experience in buying and selling houses in these areas. A great agent is someone who offers you quality services to help you accomplish your goal.


Step 3: Find your Home


There are many ways of finding that dream home! First, before you go shopping, you have to make sure you are also financially ready. Make sure you are clear on the budget for buying a house. You can use my very handy affordability calculator by clicking here

One thing to keep in mind is your down payments. This is a percentage of the total cost of a home that you’ll need to pay upfront. The more money you put down, the more you’ll save on monthly payments and cost of borrowing. Another important aspect is getting pre-approved for a mortgage. When the lender approves you for a mortgage, it gives you an idea on how much you can afford to buy your new house.

Keeping these things in mind, you are free to go window shopping! You can go searching for houses in the different neighbourhoods surrounding you - check newspaper listings, websites, or even drop by for any open houses that are being held in your area. Looking for houses can be really fun and exciting! You can browse listings using the smart listings search on my website, here.


Step 4: Make an Offer Now


Now that you’ve found the house that you are interested in, it’s time to make an offer. Not all offers are the same and here’s where your real estate agent comes in. They will help you with specific terms and conditions that will be mentioned in the offer like the price you want to pay, financing conditions, or inclusions and exclusions.

Not only is it about the price of the house but you have to carefully look at the other details included in the sale. Appliances, chandeliers, or even minor renovations can also be part of the deal. Shorter or longer closing dates can also be specified in the offer.

If there is something in the offer that doesn’t satisfy the seller, counter offers or negotiations can also be presented to help get a price that you think is fair.

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Step 5: Close the Sale


There will be closing costs associated with the sale that need to be paid either by or on the closing date. It can include mortgage application fees, inspections, and legal fees. But once that’s taken care of, you have access to your new dream home.

Congrats and welcome to your new home! You’re all ready to move in!