Step 3: The Financing

To make your financing process as painless and easy as possible, ask your agent to introduce you to a preferred financing consultant. This professional will work with your agent and you to ensure the financial aspects of your home purchase is stress free.

What exactly will this consultant do for you?


  1. 1. Review your current financials.
  2. 2. Discuss the available options for you during the purchasing process.
  3. 3. Guide you to a reasonable and an appropriate price point.
  4. 4. Negotiate on your behalf to get you the best deal - price, interest rates, loan approval.
  5. 5. Keep you informed and up to date on the entire process throughout your purchase.


Step 4: The Right Home

So now that you've met with your trusted advisors, its time to begin your search. But where do you start and how do you even begin? There's a lot of homes out there on the market, and diving in without a knowledgable guide can become overwhelming and confusing. Your McKillop Team agent will help you find homes that fit within your criteria. The right home will meet all of your important needs, and as many of your wants as possible.


Some questions you might ask yourself include:



  1. What amenities are absolutely crucial for you and your family?
  2. How much living space do you need and why?
  3. Which is more crucial: size or location?
  4. Would you be interested in some d.i.y. with a fixer-upper?
  5. How important is home value appreciation?
  6. Is neighbourhood maturity a priority?
  7. Is accessibility to main routes important?
  8. What features are definitely non-negotiable in your new home and property?

You'll learn lots as you look for homes, and you will find that your priorities may adjust along the way.

Step 5: The Offer

Now that you've found a home you absolutely love, the next step is deciding on an appropriate price. It's always important to remember that this is an investment. Your agent will give you key  information on other properties in the neighbourhood to help you make an informed decision. You can never ask too many questions and your agent will explain and guide you through the entire offer process.


Some things to consider when deciding on the best price point are:


  1. List price - Start with the price point that the home is listed at. This will give you a base when looking at the home's value.
  2. Market Analysis - Your agent will give you an idea of comparable home values in the area to help you decide if the price point is on par.
  3. Improvements - Your agent can give you a list of improvements made to the home and help you determine its market value.

Step 6: The Scrutiny

Your agent will provide you with a list of possible improvements, changes, and challenges within your home. That way you'll know what you are getting into before you complete the purchase.

Knowing what work has been done and not done to your home is important information to have in the buying process. While updates in and around the home can increase the value, damages can take money directly out of your pocket. The main concern is any possibility of structural damage, which can come from a number of factors such as water, shifting ground, or poor construction.

Quite often a problem appears to be big, but can be fixed with very little effort and not a huge budget.



Step 7: The Close

Once you've figured out a price point you're comfortable with, you're pretty much in the "home" stretch! But, in order to ensure that you don't put the property purchase at risk, you have a couple responsibilities that you'll need to keep in mind:


  1. Stay in control of your finances and credit - Do not make any large purchases during this time. It's important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance.


  1. Keeping in touch with your agent and financial consultant - It's important to stay in constant communication with your McKillop Team agent and financial guide during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don't be afraid to ask questions. The McKillop Team is there to help you!


Step 8: The Protection

Congratulations, and welcome home! Your home-buying process is complete, which means it's time for the maintenance plan! It's now up to you, and in your best financial interest, to protect your investment for years to come. Performing routine maintenance on your home's mechanical systems is always more affordable than having to fix big problems later. Be sure to watch for signs of leaks, damage and wear. Remember, just because the sale is complete, your relationship with your McKillop Team agent doesn't need to end! After you buy, your agent can still help you - providing information on the real estate market, finding contractors and repair services, and even tracking your home's current value.



Happy home-owning!

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