What Steps Are Involved in Buying a Home in Calgary, Alberta?
Buying a home or condo is a very exciting thing to say the least! Whether you are a first time home buyer or have already lived in a handful of different properties, knowing what to expect on the road ahead is essential in making your transaction go as smoothly as possible.
Part of that is getting informed about the buying process (if you don’t know already) such as what steps are taken and in what order. With that in mind, here are our 5 steps to buying a home in Calgary that will help you along the way.
Step #1 – Get pre-approval for financing
Before you seriously start to look for a home in Calgary, there is one crucial component of the buying process that needs to be looked after on your part.
You will need to secure a pre-approval of your new mortgage by your bank or mortgage specialist.
Once this is done, you’ll have an idea as to what price range of homes you can afford and begin to browse with confidence knowing that if you do find a property you can put an offer down on it without thinking twice.
There’s nothing worse than finding the home you’ve always wanted then finding out that you do not qualify for the mortgage amount that you need to go ahead with the purchase in the first place.
Also, you’ll have a rough idea as to how much your monthly expenses will be and feel assured that the decisions you are making are in your best financial interests.
Step #2 – Initial buyers consultation
After mortgage pre-approval, now is the time to consider what features you do and don’t want in both your new home and community. Also see these Best Areas of Calgary to Live In.
After determining these things and providing myself or your real estate agent of choice with that list, then we can begin searching for properties that fit your wants, needs and lifestyle best.
With thousands of listings out on Calgary’s real estate market at any given time it can become very time consuming searching through them all online by yourself. As an:
- E-pro Marketing Specialist
…I take the time to find the best homes for you and always work to make the most efficient use of your time. My goal is to make buying a home in Calgary as simple, easy and efficient for you as possible because your time is valuable.
Step #3 – Home showings
Now comes the exciting part for anyone whose in the market for a new home or condo!
We will begin showings at the listings that you have interest in. We can arrange to meet at the location, for me to pick you up or whatever else works for you best.
My service goal is to provide you with the most convenient showing times possible that fit your schedule. Just let me know the time that works for you and it will be done!
Step #4 – Negotiations & offers
Once you find the home(s) you like, we do our research on the property evaluating all the information available to us through our specialized industry tools.
That includes an in-depth a market evaluation to determine if the asking price is reasonable as well as looking at the history, title and recent area activity. Then negotiations with the seller begin.
This is where my experience and knowledge of the Calgary residential home market serves you best. I will fully inform you of every last detail there is to know about each step along the way and am 100% committed to getting you the best possible price for the best possible value.
Step #5 – Post-purchase care
Once the offer has been negotiated and the paperwork is signed I continue to handle every detail. This includes providing:
- Your mortgage lender the documents they need
- References for an experienced home inspector and any other contractors you might need
- A detailed checklist so you know exactly what you need to do and when while you look forward to your possession date
From possession onward, whenever you need expert advice on Calgary real estate I will be there for you. I am but a phone call, text or email away!
Also see Why a Home Inspection is as Important as it Gets today.
Questions about Buying a Home in Calgary?
Let a top-producing, highly-experienced REMAX real estate professional be your ultimate guide to buying a home in Calgary today!