Buying a Home
For most people, buying a home will be one of the largest personal financial decisions they will make. Team Masterson will guide you through the process, connecting you with the right people, information and properties and will skillfully negotiate on your behalf. We belong to four real estate Boards and can help you find a home that meets your goals and suits your lifestyle needs.
How Much You Can Afford?
Before you actively begin your search, you will want to establish how much you can afford. You can do so by meeting with a mortgage broker or you can do some of your own calculations by using CMHC’s mortgage affordability calculator. Once you know how much you can afford, it’s time to get pre-approved for a mortgage to let you ‘shop with confidence.’ It means that you will have a competitive edge over less prepared buyers. Most pre-approvals will guarantee your rate for 120 days. If we don’t find you the right home in this time period, you can renew your rate at the interest in effect at that time.
Refine Your Choices
Do you prefer a freehold or a condominium home? Two-storey, bungalow, split level, town or apartment? What about square footage, bathrooms and bedrooms? Does the neighbourhood provide all the lifestyle considerations that will fit your short- and long-term needs? Sharing your preferences will help us find you the best homes to view!
Do Your Know Your Market?
If you read the local real estate ads, you can get a sense of property values in your search area. We can help by creating a profile for you and sending data from the various boards to give the most up-to-date listing information on the Oakville/Milton District, Toronto Real Estate, Realtors Association of Hamilton/Burlington or Barrie Board web sites.
Do You Have a Lawyer?
You will want to have a lawyer to help you with the closing of the sale. If you do not have one, we can refer you to a trusted, local real estate lawyer.
Do You Have a Home Inspector?
A qualified home inspector can provide peace of mind when buying a resale home, indicating what repairs or maintenance may be required immediately or in the near future. This can help you in your buying decision and your future budgeting. If you aren’t familiar with any home inspectors, ask us for a referral.