Quick Checklist in Buying a Home

This checklist gives you a summary of each step in the homebuying process. 

STEP 1: Decide what kind of home you want
❑ Choose the neighbourhood(s) where you want to live
❑ Consider which features are important to you (size, number of bedrooms/bathrooms, type of house, etc.)

STEP 2: Calculate how much you can afford
❑ Calculate how much money you have saved for a down payment
❑ Calculate how much your closing costs will be (ask your realtor or lender for advice)
❑ Calculate how large a mortgage payment you can afford each month
❑ Calculate the other monthly costs you will be responsible for as a homeowner (maintenance and repairs, property insurance, taxes, etc.)

STEP 3: Get the help and advice you need
❑ Find a realtor to help you find a home
❑ Get pre-approved for a mortgage so you know how much home you can afford
❑ Hire a lawyer to look after your legal interests and review any contracts
❑ Get an appraisal and home inspection for any property you are thinking about buying
❑ Make arrangements to get property insurance after you purchase your home
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