Moving into a new home

Choosing the right location
Start by making a list of all the features you want in your new home, then use the list to target your search.

Exploring the neighbourhood
Once you have started narrowing down your choices, explore every nook and cranny of the neighbourhood. Take the time to visit the area at different times during the week, and ask yourself the following questions.

Your credit rating is your best ally
Unless you’re independently wealthy and can pay for your home in cash, you’ll need to take out a mortgage. Before granting you a loan, your financial institution will conduct a credit check to determine your creditworthiness, which is reflected by your borrowing and repayment history.

Assessing your net worth
When buying a home, you will have to factor in your savings and disposable income.

Get a pre-approved mortgage
Make an appointment with a bank, financial institution or mortgage lender before you start shopping for a home in order to discuss your options and get a pre-approved mortgage. That way, you’ll know exactly how much you can spend on your new home.

Explore the real estate market
Read real estate agency publications and check out the wide range of specialized sites online.

Visiting the home
Always visit potential homes in the daytime. If this is not an option, arrange a second visit. Arrive early and take the time to inspect the home’s interior and exterior. Take stock of how much light and shade the property receives at any given time.

Seek expert legal advice
Seek out the advice of a lawyer or notary before making an offer to purchase. Only legal experts are licensed to draft the deed.

Working with a real estate agent
While you are under no obligation to work with a real estate agent or broker, their services may prove invaluable as they have in-depth knowledge of their respective housing markets.

Making an Offer to Purchase
Once you have found the home of your dreams, you need to present the vendor with an Offer to Purchase or an Agreement of Purchase and Sale.