Buying real estate is one of, if not, the biggest purchase of your lifetime. Hundreds of thousands of dollars are on the line and you need to make sure you’re making the smartest decision possible. It can be a very stressful and overwhelming process but it does NOT have to be. Buying a home can be fun 🙂
Would you like a team of agents, with a ton of construction experience, a background in design, killer negotiation skills, with trustworthy real estate advise guide you through the process?? Then you’ve come to the right place. What’s the best part of all this? Our services are completely FREE!!
The 10 step buying process
1. Find yourself the best Real Estate buyers agent you can find.
Congrats !! You’ve just completed Step #1. You are here. Simply fill out our VIP House Search form and get the ball rolling
2. Get Pre-Approved for a mortgage
This is a very important step that needs to happen before you start shopping for houses. You definitely don’t want to find your dream home only to find out you can’t afford it. That’s just no fun. Below are our “GO TO” mortgage brokers who can help you crunch the numbers and get you pre approved.
Steve is one of our long time buddies and works under the Dominion Lending Centre name out in Coquitlam. An awesome baseball/basketball player and father of two boys.
Reza lives and works out of downtown and runs Sabour Mortgages under the Dominion Lending umbrella. He has been in the financial services game for over 10 years and is part of a bunch of charities.
Niki Cuthbert is an independent mortgage broker and co-owner of Ask About Mortgages– Mortgage Architects. She is a north shore girl and a new mom to a beautiful little girl named Charlie.
3. Make a wish list
There are a ton of factors to consider when making your list and the priority of that list changes as you see properties in person. Our goal is to find you something that gets you a 7 out of 10. Because 10 out of 10’s just don’t exist. They are like unicorns. Because one of those 10 is price.
Things to consider when making that list; numbers of bedrooms, sq/ft, ideal location, parking, is in-suite laundry and a patio a must ?
Fill out our VIP house search form to get started.
We usually like to set up a quick coffee or beer meeting to discuss exactly what you are after and explain how we can help. Plus, is gives us a chance to meet face to face and get on the same page. Contact us anytime
4. START THE HUNT
Once you decide on your search criteria, we set up a search and start sending you properties that match your criteria. One of the benefits of working with an agent, is you get notified 2 or 3 days before the public when a matching property hits the market. Once you come across a listing or two you want to see in person, you simply let us know and we organize the showings for you. It’s now time to hit the streets.
During this time we can educate you on the pros and cons of certain areas. Teach you about specific issues to look for in certain types of buildings. Advise you on renovation ideas. Show you what “rainscreening” actually means. And answer every real estate question you’ve had on your mind.
5. You found the ONE !!
You’ve found the one !! This is the biggest and most exciting step (besides the house warming party obviously) It’s time to sign up an offer. We now draft up a contract, do the research on all the comparables, dig up the tax report, and then sit down with you to come up with the most attractive offer possible. This is where our Special Agent negotiating tactics get you the BEST price possible. Time to play some hardball. Our favourite part 🙂
6. Offer is accepted
We now have a week to 10 days to remove subjects. During this time we help you organize inspection, read through all the strata docs, and help your mortgage broker get everything they need to get you a full mortgage approval.
8. Pick a Lawyer
You’ll need to pick a real estate lawyer to make the deal legit. Don’t worry we have some solid lawyers/notaries we can refer you. Usually it costs around $800-$1000 depending on your mortgage situation. We organize delivery off all the documents to the lawyers. All you need to do is show up on a specified day and sign a bunch of papers.
7. Subjects are removed (DONE DEAL)
Congrats !!! You have done all your due diligence and are happy moving forward with the purchase. You sign a subject removal addendum and get a deposit cheque (usually 5% of the purchase price) and BAM !! We technically have ourselves a done deal.
9. Organize the move
During the next coming months you’ll need to organize movers (We have hook-ups for you), call and book cable/internet connection, set up hydro, and purchase house insurance (we also have a connection) Closer to the completion day we will organize with lawyers and other agents to get you access and keys to your brand new home.
10. HOUSE WARMING PARTY
One thing we are famous for is actually showing up to house warming parties. haha !! It’s honestly one of the reasons we got into real estate. By the time we’ve gone through this entire process and successfully purchased a home together, we have become pretty good friends and it would just be weird if we didn’t show up at your house warming party baring gifts.