Simple Steps for Buying your Home

This page will outline the steps you will take when you purchase your next home

1. Find out what you can afford - mortgage broker or bank

2. Get pre-approved - mortgage broker or bank

3. Find real estate agent

4. Find the home you want - real estate agent

5. Get a current market assessment (market analysis re price of home) - real estate agent

6. Place an offer on a home - real estate agent

7. If you have questions regarding the offer, ask your lawyer before signing

8. If there is a condition on reviewing the Status Certificate - have your lawyer review the Status Certificate before waiving the condition

9. Arrange for a home inspection - real estate agent can refer you to home inspector

10. Provide copies of agreement of purchase to the lawyer with basic information ie. full name of person(s) buying property, date of birth, name and phone numbers for your real estate agent and bank/broker

11. Obtain written confirmation from bank - provide copy to lawyer to make sure you attend at the financial institution or with broker to sign all documents, and provide all information required to finalize your mortgage

12. Notify utility companies you are buying property and arrange for the utilities to be put in your name on the date of closing ie. hydro, water, gas, Bell, Rogers

13. Arrange for home insurance

14. Attend at lawyer’s office to bring closing funds, proof of home insurance, personal identification (at least two, preferably driver’s licence and valid passport or major credit card)

I hope I have answered some of the most frequently asked questions, however, if I missed anything please do not hesitate to contact me at or 647-403-3386

There are normally some additional expenses (property tax adjustment, brokerage fees, hst on CHMC insurance fees) – make sure you ask your broker/bank about these charges.