Are you a First Time Home Buyer ?   Not sure how to get started with the Home Buying Process ? 

1.  Visit a Mortgage Broker - you need a budget !  
  • you will likely need pay stubs, two years tax assessment statements, letter of employment
  • list of all debt : credit cards, car loans, personal lines of credit, anything else you owe
  • list of all assets : RSP's, savings, property, car etc. 
  • check your credit score, if there is anything outstanding, try to clear it off
2. Find a Realtor to Help You ! 
  • As a buyer you do not pay your Realtor, they are paid by the seller when you purchase a home
  • Choose someone familiar with your desired location
  • Choose someone knowledgeable and willing to work FOR you
  • Be sure they have the experience to protect your interests
  • Choose a person you can get along with
3.  Determine the Area(s) you wish to live. 
  • If you are shopping in your home town, that should be easy
  • If you are shopping out of town, your Realtor should be able to help
  • Think of distance to work, shopping, schools, parks etc. 
  • New Subdivisions (less then 20 years) ?  old areas (1950's-1980's) ?  Heritage areas (100+ years) ?
4.  Create a NEED List  - These are Things that are hard to change
  • Number of Bedrooms (can any be below grade ? )  
  • Number of Bathrooms (Ensuite Bath ?)
  • Square footage
  • Formal Dining room
  • Garage (single, double ? ) Number of parking spaces ?  Double wide or tandem ? 
  • Small yard, large yard ?  Rear Neighbours ?  Mature trees ? 
5 Create a WANT List - these are things that would be nice but could be added later
  • Carpet free
  • granite counters
  • fenced yard
  • pool
  • large deck
  • Stainless Steel appliances
  • New Kitchens and Baths
6.  Think about Closing Costs - You need to Budget for extra cash at Closing Time
  • Land Transfer Tax  **See Calculator** it is determined by your purchase price
  • First time home buyers can receive up to a $4000 rebate *verify you are eleible with your lawyer
  • Legal Fees (budget $1000-1500) *check with your lawyer
  • Moving expenses (DYI or hiring a company)
  • Connection Fees and Deposits with Utility Companies