Everything you need to know about
The Home Buying Process
Congratulations, you’re a first time homebuyer considering purchasing your first property! Homeownership can be a highly rewarding experience, but it can also be challenging to find a property that meets your needs, matches your lifestyle and is purchased at a fair price. That’s where an experienced agent can help. We know the Kamloops Real Estate market very well and we’re here to simplify & guide you through the home buying process, so that you can enjoy every step of the way.
Working with a knowledgeable agent is key
Looking for an outstanding buying experience?
Let’s see if we’re the right fit.
HOME BUYING STEPS
01
Consult with A realtor
During our first call or meeting, we’ll get to know you and discuss your goals, your ideal price range, preferred locations and current market conditions. Together, we’ll create a list of your likes, dislikes and must-haves so that we can narrow down your search and match you to homes in the market
02
get pre-approved
To avoid falling in love with a home outside of your price range, we next recommend that you sit down with a mortgage broker or lender to submit an application for pre-approval. They will request a variety of documents and personal information to pre-approve you for a mortgage. Once approved, you’ll know exactly the price range you can afford to spend on a new home and the search begins.
03
start your search
We’ll create a customized client portal that will email you as soon as a new home come on the market that meets your criteria. We’ll also update you on current market conditions or changes, arrange showings and answer any property questions you may have.
04
submit an offer & negotiate
When you’ve found the one, we’ll write a competitive offer tailored to your needs and timeline. We’ll offer our professional opinion on value and negotiate with the Sellers on your behalf to ensure that you purchase the home at the best possible price and conditions.
05
arrange for inspections & appraisals
It’s crunch time! Once an offer is accepted, we’ll help you to schedule any inspections or appraisals required to remove your subject clauses by the specified date. If any deficiencies are found, we’ll be there to handle any further negotiations required
06
Confirm your financing
Even if you are pre-approved, lenders need to take into consideration the property under contract and may need to order appraisal or request additional documents. Work with your broker or bank to get your loan fully approved.
07
Provide The deposit
Ahead of subject removal, you will also need to provide us with the pre-determined deposit payment that shows the Sellers that you are committed to the home. This amount is held in trust by the brokerage and ultimately goes towards your purchase downpayment.
08
Fulfilling Conditions
Once you’re completed all subject clauses and any negotiations remaining with the Sellers, it is time to waive conditions (also known as Subject Removal), which confirms that you have fulfilled the conditions of your offer and that you are purchasing the property. This is the first celebration!
09
prepare for closing
As you prepare to move into your new home, we can recommend movers or other trusted industry professionals if needed. You’ll also meet with your preferred lawyer or notary in person to sign all the legal documents and have the official title transferred to your name.
10
Celebrate And Move in!
Congratulations, you’re officially a homeowner! On moving day, we’ll be there to hand over the keys and make sure you’re comfortable in your new home
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Let’s Find Your Home
We’ll simplify the buying experience so you can enjoy the process