Understanding Your Home Purchase

Understand the Total Cost of Buying

Your real estate agent and lender will guide you through costs including mortgage, land transfer taxes, and other fees. Get a detailed breakdown of closing costs from your lawyer. Consider additional expenses like moving costs, new appliances, and home furnishings.

Be Realistic

Property value is determined by multiple factors: Location, Layout, Presentation, Amenities, and Upgrades/Updates. Unless you have an unlimited budget, expect to make some compromises in your search.

Know your priorities to make informed trade-offs that fit your lifestyle. Your real estate agent will help identify deal-breakers and find properties that align with your needs, goals, and long-term plans. The ultimate goal is finding the best overall value within your budget.

Your Professional Support Team

Your Realtor

Your Realtor® plays the most crucial role in your home-buying journey. Their responsibilities include:

  • Finding your ideal home
  • Writing and submitting purchase offers
  • Negotiating the best possible deal
  • Providing community information
  • Coordinating home inspections
  • Saving you time, trouble, and money

Don't hesitate to ask questions about service charges when selecting an agent. While vendors typically pay the commission, some agents may charge buyers additional fees.

Lender/Mortgage Broker

Start your mortgage pre-qualification early. Various institutions offer mortgages: banks, trust companies, credit unions, pension funds, and more. Compare multiple lenders as terms and options vary significantly.

Consider working with a mortgage broker who can find the best terms and rates across multiple lenders.

Legal Support

A lawyer protects your legal interests by checking for liens, reviewing contracts, and ensuring a smooth property transfer. Choose a lawyer who:

  • Should be a licensed full-time lawyer/notary
  • Should be local and understand real estate laws, regulations and restrictions
  • Should have realistic and acceptable fees
  • Can explain things in plain language

Home Inspection

A professional home inspection is crucial. Your inspector will evaluate the property's condition, identify issues, and highlight potential concerns. Every inspection should cover:

  • Foundation
  • Doors and windows
  • Roof and exterior walls
  • Attics
  • Plumbing and electrical systems
  • Heating and air conditioning systems
  • Ceilings, walls and floors
  • Insulation
  • Ventilation
  • Septic tanks, wells or sewer lines
  • Any other buildings such as a detached garage
  • The lot, including drainage away from buildings, slopes and natural vegetation
  • Overall opinion of structural integrity of the buildings
  • Common areas (in the case of a condominium/strata or co-operative)
  • W.E.T.T. Inspections

    A WETT inspection examines your solid fuel burning system for safety and compliance. Often required for home insurance.

    Stacy AnastasiadisLouise Anastasiadis

    "Together, we make your life easier and your transition seamless. Our combined experience in real estate and banking ensures you'll feel comfortable and confident throughout your real estate journey."

    Stacy & Louise Anastasiadis

    The Anastasiadis Real Estate Team - Sutton Group

    Ready to start your real estate journey with us?

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