Buy your home with confidence: a practical step-by-step guide
Discover how to plan, search, offer, and close on your ideal home simply and securely, with professional advice for every step of the way.
Step 1: Define your needs and budget
Before looking for a home, think about what you really need: the size, location, and type of home. Also, set a clear budget that includes the purchase price and associated expenses, such as taxes and improvements.
Step 2: Get a mortgage pre-approval
Go to a financial institution to find out how much you can finance. This will help you make realistic offers and position you as a serious buyer to sellers.
Step 3: Research the market
Search for homes that meet your criteria, compare prices, and visit properties to get a real sense of the market and what you can get at your target price.
Step 4: Make a competitive offer
When you find the ideal home, submit an offer based on market research and with the advice of a real estate agent. Make sure you understand the terms and be prepared to negotiate.
Step 5: Inspection and legal review
Arrange for a professional inspection to ensure the home is in good condition. Review all legal documentation to avoid future surprises.
Step 6: Sign the contract and formalize the purchase
After negotiating and accepting the terms, sign the sales contract. Complete the corresponding notarial procedures and arrange for the change of ownership.
A new chapter begins
After signing all the final paperwork to finalize the purchase, you are now officially the owner of your new home. It may take a few days for the financing to be released once the paperwork is submitted to the lender, but once the payment reaches the seller, you'll be ready to start enjoying your dream home.