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Buyers Journey

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The journey of purchasing a property can be daunting, long-winded and overwhelming. 

We walk you through the stages of buying from start to finish, making the process as smooth as possible so you can avoid the unnecessary headaches and move into your new home faster.

Our team are experts in Ontario’s Real Estate market and can take you through the steps of buying a home in your desired location. From pre-approval, to getting your keys and moving in we have it all listed out for you in detail.

Define Your Needs

Congratulations on taking the first step into homeownership! Before we even begin looking for the right property for you, we ask you to consider some factors that will help you to make an informed decision on the type of home you wish to purchase. This will make it easier for us to find a property based on your preferences:

Determine Your Budget

The most influential factor when buying a property is its price. The affordability of a property will depend on your income, expenses or any potential debt. We know that the property market can fluctuate, which means that we have the upper hand when searching and negotiating prices on your behalf.

Evaluate Market Conditions

Being aware of market conditions before you buy is key to making sure you are getting the most out of your new home. This is where we come in. We will support you when considering the best areas to live in, and more. Asking these questions will help you to better prepare for buying a home and ensuring your needs are met.

Pre-Approval

Pre-approval is the process of evaluating a potential borrower by approvals with a credit bureau and performing soft checks. A better score helps with getting better rates and a greater pre-approval sum.
 
We suggest checking your credit score ahead of time to make sure it’s in good shape for credit worthiness. You should gather evidence of your financial documents (such as Income, Tax Returns, etc.) as they will be important for applications and generally, help to keep track of finances.
 
The next step would be finding a mortgage broker that is most suited to your needs and provides optimal rates where you can file a mortgage application. Please be mindful that the pre-approved amount includes the down payment.


Once the pre-approval letter has been received from a lender, it’s time to review the rates and terms and conditions of the contract. A Hombek agent will take you through the contract to ensure you understand the details of the pre-approval amount and any further steps to take.

Finding an Agent

Finding the right real estate agent is imperative to the buying process. Not only will our agents guide you through the process but also find a property that is most suitable to your needs and work tirelessly on your behalf. This includes
 
• Making sure your needs are met when looking for properties 
• Ensuring your budget is maintained during the process  
• Researching and coordinating the showings of homes that meet your criteria  
• Negotiating on your behalf to get you the best deal possible 
• Managing paperwork and its accuracy 
 
Our agents are experienced, present and open at communicating your needs.

Searching for Your Dream Property

Searching for a property can be complex, especially if you’re not sure where to start. But with proper preparation and guidance, you can find exactly what you are looking for at the best price.
 
It’s important to keep your budget in mind, track your expenses, be aware of your income, and stay on top of potential debt. This will allow you to make the most informed decision when investing into your new property. Ask yourself the following questions:
 
How many bedrooms do we need? 
How many bathrooms do we want? 
Will the the basement be finished? 
What kind of backyard do you like? 
Is there a specific garage type? 
How about in the future?  
Will my needs change?  
Will they still be accommodated?
 
Questions like these will help to make your buying journey a little easier.
 
We recommend attending open houses in various areas and neighborhoods to find out your preferences in a home. And once you have found a property that you like, talk to one of our agents about making an offer. This way, we can offer you knowledge and insights about the property as well as planning a home inspection for potential issues.

Make an Offer

When making an offer, our agents will not only advise on a purchase price that is in your budget but ensure its comparable to the sales in the area.
 
The deposit amount should be included into the offer and include any contingences or requests as well as any further requirements that may need to be negotiated on your behalf.
 
Once the details are sorted, we will review each term and fulfill any gaps that must be addressed.

Close the Sale

Closing the sale is one of the last steps involved in the process of buying a home. This includes:
 
• Finalizing the mortgage, financing and conducting a final walk through
• Confirming the closing costs and obtaining title insurance to protect against issues faced with property titles
• Signing the closing documents and paying closing costs: down payment, legal fees, and any other expenses
• Registering the transfer of ownership with the land registry office and obtaining possession of the property on the possession date to ensure the services and utilities have been legally transferred into your name
• Updating your home insurance plan so it reflects the change in ownership, with better coverage

Get your Keys

Congratulations on your new home! It’s a cause of celebrations all round. Here are a few things to remember:
• Update your address  
• Pack and label boxes so that they are easy to find  
• Make sure you clean the new home before setting up shop  
• Unpack your belongings  
 
Buying your first home or investing into new property can be an exciting yet daunting experience. 
Our agents put your needs at the forefront and guide you throughout the process to give you the 
most seamless and successful experience. Your dream property is a phone call away!

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Toronto, ON, M3C 352

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Hombek Real Estate

1-647-719-9999

realestate.hill@gmail.com

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