Your very first step in the homebuying process is figuring out
what kind of home will best suit your needs, so the first
question to ask yourself is ‘Why do I want to move?’ The
answer is different for everyone so you need to find your
unique motivation. For example, is it that you need more space
because your family is growing? Or are you moving to be closer
to work or family? We will send you our Buyer Questionnaire
that will help you sort this out.
Your wishlist has 2 parts: what you MUST HAVE and what
WOULD BE NICE, your needs versus your wants. These aren’t set
in stone; they can often shift based on things like what you can
afford in a particular neighbourhood or how renovated you want
the home to be. It’s important to keep in mind the trifecta of real
estate: Price, Condition, and Location. You need to determine
for yourself what your magic combination of these 3 factors are
to help guide you to the right home for you.
This is perhaps THE most important starting point. You need to know exactly what your price
range is for buying your next home: if you don’t know, you might end up falling in love with a
home you can’t afford. Online mortgage calculators aren’t detailed enough to give you a
definitive answer because they don’t take into account things like your credit score and report,
your other financial commitments, and more. You’ll want to speak to a great mortgage broker
who will review all your documents and give you a clear answer. One mortgage broker that we
recommend is the Welbanks Team, who happened to help us get our own mortgage done! Want
more recommendations, just ask.
PREPARE 1
MORTGAGE PREAPPROVAL
WISHLIST
Buyer Questionnaire