Home Buying - Step by Step

By
Real Estate Agent with Re/Max First

Home Buying processBuying a home is one of the biggest lifetime investments, both in terms of dollars and energy! That's why it is important for buyers to understand this process in order to make a wise decision. Calgary Home Team has developed a flowchart that identifies the major home buying steps:

- First, you should contact your real estate agent to determine your wants and needs such as your house style and requirements (size, bedrooms, amenities...), other factors to consider are work location, schools, shopping and public transit.

- Before you start any home search you should know how much you can afford, your real estate agent will direct you to mortgage professionals who can help you understand your financial options and get you pre-qualified.

- Then comes the fun part, looking for houses! Once you find the one you like, your agent will help you write an offer to purchase and present it to the seller. The seller has three options: 1. accept the offer, 2. reject it, or 3. counter it by changing the price, terms or both.

- When you receive the counter offer, you have the same three options that the seller has. At this stage It is very important to have a professional real estate agent representing you and maintain control of the negotiation process so you can make the right decision in what could be a very overwhelming process.

- If an agreement is reached, it is time to take care of many legal issues before closing day. Timing is an important factor here, as the mortgage documents should be processed and approved, a home inspection should be scheduled and done, not to mention the title search and home insurance. AGAIN, a professional real estate agent will help make this process smooth and hassle-free.

- Finally, the closing day! Meet with your lawyer to sign the papers, pay the down-payment and closing fees ( the not so fun part!!) and voila, you are now a proud homeowner, congratulations!!

Home Buying Step by Step

Are you thinking of buying a home in Calgary? Visit our website for a wealth of information that will help you understand the home buying process. When you are ready to purchase a home or if you have any questions give us a call at 403-519-9102 or send us an email. We'd love to help you find your dream home and assist you with all your real estate needs. 

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  1. Kamal Salim 04/27/2012 09:39 PM
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Topic:
ActiveRain Community
Location:
Alberta Calgary Region Calgary
Tags:
calgary
sheri macdonald
ryan macdonald
calgary home team
home buying

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Rainmaker
827,811
Tim Lorenz
949 874-2247
TIM LORENZ - Elite Home Sales Team

That is an important blog for the first time buyers.

April 27, 2012 08:54 PM
Ambassador
1,294,915
Praful Thakkar
Andover, MA: Andover Luxury Homes For Sale
Keller Williams Realty

Ryan, Sheri, not many agents have this 'step by step' approach. They just want to get the deal done and move on!

Great educational post for buyers - and wish everyone is on the same page.

April 27, 2012 10:05 PM
Rainmaker
1,098,311
Evelyn Johnston
Super Agent, Probably the Best Agent in the Galaxy
Elkhart County Subdivisions, LLC

Buying a home is a big step, expecially if it is your first one.  This step by step process should answer a lot of questions and calm a bunch of nerves!  Great job!

April 29, 2012 08:07 PM
Rainmaker
239,923
Ryan & Sheri MacDonald
Calgary Home Team
Re/Max First

Tim... It's always good to educate our buyer's right at the beginning, especially the first timers. Thanks for taking the time to read it. Ryan

April 29, 2012 08:15 PM
Rainmaker
239,923
Ryan & Sheri MacDonald
Calgary Home Team
Re/Max First

Prafal...Thanks for stopping by and thanks for your kind words. You're right, it's always good to have everyone on the same page. Take care. Ryan

April 29, 2012 08:16 PM
Rainmaker
239,923
Ryan & Sheri MacDonald
Calgary Home Team
Re/Max First

Hi Evelyn..Thanks for your kind words. It is always good to show our buyer's this process before the home search begins. Sometimes it answers some questions and other times more questions are asked because of it, either way it is good to start the dialogue. Take care. Ryan

April 29, 2012 08:19 PM
Rainmaker
394,110
Regina P. Brown
e-Pro Realtor
California Coast & Country Homes, Inc.

Ryan, Sheri, the step by step process is very informative. You've done a great job in creating the flowchart! It made  everything organized. Home buyers will find these steps very helpful.

May 03, 2012 09:07 AM
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Rainmaker
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Ryan & Sheri MacDonald

Calgary Home Team
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