In this home buying section, I will walk you through some of the very important points to help you quickly set up the notes in your home search.

• Contact a mortgage specialist & get pre-approved
• Review Purchasing Costs
• Property Tax
• S.T (only on new property)
• Legal Fees (Lawyer fee etc.)
• Home / Condo Inspection (if applicable)
• High Ratio Mortgage Premium (only if borrowing over 80% of the purchase price)
• Deposit (minimum 5% & forms part of the purchase price)
• Review First Time Buyer Savings (Tax rebates / RRSP withdrawals / Tax Credit)
• RRSP tax free withdrawal
• Define your Search Criteria
• Needs Vs. Wants analysis
• Neighborhood analysis (likes & dislikes)
• Determine what your budget will get you in your neighborhood of choice
• View property details from listings in your neighborhood of choice
• Tour open houses of qualified homes
• Make an offer
• Draft Contract of Purchase & Sale
• Determine Price, Possession date & Completion Date
• Determine Subjects such as Inspection, Financing & Paperwork)
• Submit Offer (with Expiry time and date)
• Sellers Options (Accept, Counter or reject)
• Place deposit check into the Trust Account of your Realtors Brokerage
• Select Notary Public / Lawyer
• Prepare for the move