Buying a Home

The best way to begin the process of buying a home is to determine the selling price range in which your search will take place. This figure will take into consideration how much you feel you can afford, and how much a lender feels you can afford. During our initial consultation, I will cover lending practices with you so you have an idea about how much of a mortgage you would qualify for based on financial formulas. As a mortgage lending officer with Centrum Power Financial Inc., I can advise you on how your income, credit rating, current liabilities, and employment record come into play. I can also assist you with getting prequalified, so you know exactly what your spending cap for a property is going to be and how much you will need to cover the down payment and closing costs.

The next step is determining what you want most in a home. Everyone has their own criteria, and it is important that I fully understand which things are deal breakers and which things you would prefer, but do not insist upon. I will ask you questions, such as the number of bedrooms and bathrooms, if you want a garage and what size, the size of lot you desire, if you want a pool or not, neighbourhood and school district preferences, and square footage requirements. The more I know about your needs and desires, the better I can streamline the list of homes to show you.

Once I locate a home that you want to buy, I will prepare the purchase offer and walk you through the negotiation stage. Mortgage companies assess both the buyer and the property, so my mortgage lending experience will help me advise you on whether a property is likely to be acceptable to lenders. Finally comes the closing, and I’m right there for you then, as well.

Call me, Kevin Smith, a sales representative with Royal LePage Trinity Realty, Brokerage, to be with you every step of the way when buying a home in Simcoe County and the surrounding areas.