Buyer's Guide

Do you already know where you want to buy?  Are you looking for a  condominium (highrise or lowrise), a freehold detached home, semi-detached home or townhome?  When do you intend to move?   What features would you prefer and what features do you dislike?  What is currently available on the market?  If you are unsure of the above, then it is time to engage a real estate agent to assist you.  

In addition to educating you, the KK Realty Group will advise regarding housing trends in specific neighbourhoods. We will short list homes, both on MLS and “off market” homes, that might interest you and when the time comes, we will assist you in making an informed offer .

Just because you may think you can afford a certain payment every month does not mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or even deny you a mortgage. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you set your heart on a home, talk to a mortgage professional.  We can recommend several mortgage brokers to assist you.  This will also be an advantage when you make an offer on a home, as some sellers will not entertain offers from those who are not already prequalified for a loan.

This should be the most enjoyable step of the entire process (other than moving in). We will arrange showings of homes that interest you and that are within your price range. We will take note of what you like and do not like, and we will make sure to pay attention to details. We will turn light switches on and off, open and close doors, and run the faucets in various rooms. Do not limit your inspection to the home itself. Make sure to take time to explore the neighbourhood and keep an eye on traffic at certain times of the day, the proximity to schools, grocery stores and be aware of the parking situation. 

Depending on the state of the market, you may decide to make your offer conditional on financing, selling your existing home, or having the home inspected to ensure that there is no major structural damage or outstanding repairs.  We can assist you in arranging a home inspection and depending on the outcome of the inspection, perhaps you may be able to withdraw your offer or even renegotiate the purchase price.

Your lender will have your new home appraised so they have an independent value. The appraisal may also ensure that you are paying a fair price for the home, given the state of the market.

It is a good idea to be organized well in advance of the closing date to reduce the stress of the move.  Typically, you will have anywhere from 30 to 90 days to get ready for your move.  

Whether you are using professional movers or getting a bunch of your friends together, plan and organize it early.  If you are organized, you will have more time, once moving day arrives, to deal with unexpected items.  

Starting early also helps you from getting overwhelmed.  It is important to call the local utilities to get service such as phone, cable TV, internet, heat, gas, electricity, water, etc. connected or changed to your name. Start to give out your new address to your bank, doctors, schools, subscriptions and your friends.