Buying a home

Let’s find your dream home

Discover the key to your dream home with Paul McCallum’s expert guidance. Navigating the exciting process of buying a home becomes a seamless and informed journey with Paul by your side. Explore the possibilities and make your dream home a reality.


8 Steps to Buying a Home with Paul 

As your dedicated realtor, I am here to guide you through the exhilarating journey of finding your dream home. With my expertise and support, the process of home buying becomes a clear and enjoyable experience. Together, we will explore a world of possibilities, ensuring that your vision for the perfect home becomes a reality. Trust in my guidance to lead you to a home that not only meets but exceeds your expectations. Let’s start this journey together and unlock the door to your ideal home. 

Step 1 : Choose a home style and location (wants and needs)

What features are important to you when buying a home? The layout? The number of rooms and bathrooms? Yard space? You decide and I will help find the house for you.

Step 2 : Arrange pre-approval when buying a home

Book an appointment with your financial institution or mortgage broker to get your pre-approval. If you don’t have one, I have relationships with some very good local brokers I can introduce you to.

Step 3 : Organize showings, gather information on the listings

When you are buying a home, this is when the excitement begins. Property searches will be set up to notify you (typically via email) when a new property enters the market that matches your criteria. Once you have identified some potential properties, it’s time to book appointments and view the properties.

Step 4 : Prepare an offer with subjects and conditions

Once you have found a home that suits your needs, the next step when buying a home is to prepare and present an offer. There are several steps that have to be taken when you write your offer:

Property Research: Analyze the property’s selling history and assess its price compared to the current market trends. This involves reviewing the selling prices of recently sold properties and evaluating the listings of homes currently on the market.

Terms: Essential elements of the contract, known as terms, shape the agreement when buying a home. These are mutually agreed-upon conditions that must be honored to prevent a breach of contract. Beyond the standard terms discussed during offer preparation, there is flexibility to include additional clauses, subject to negotiation.

Subjects: When buying a home, subjects are critical clauses within the contract that must be met for the transaction to advance. Common subjects include a home inspection or buyer financing approval. Both the buyer and seller are allotted time, typically 7 to 10 days, to satisfy these conditions. While subjects are typically for the buyer, there is also the possibility of a seller’s condition.

Deposits: After the subjects are satisfied and removed in writing, the deposit is usually due 24-48 hours after all subjects have been removed and becomes the seller’s security that you will complete the purchase (non refundable).

Price  There are only two things that are negotiable in a real estate transaction: price and terms. Once you know what terms and subjects you would like on the contract, and have completed your property research, you can now effectively determine the appropriate offer price. The offer price will be determined based on all the variables affecting this specific property. What terms do we need? How many offers are there? How long has the property been on the market? And many, many more. We will not be discussing negotiating strategy here, but remember this: What unique way can we meet the seller’s needs and still achieve our goals. This isn’t always strictly involving price.

Step 5 : Removing the Subjects

Submit documents to the bank/broker and lawyer/notary, schedule inspections, and thoroughly review all contract-related documents requiring signatures. After validating the necessary information, a decision to proceed (or not) is determined, and the sellers’ agent is duly notified. Upon the removal of subjects, signifying a firm commitment, the property is officially marked as “sold” for advertising purposes.

Step 6 : Preparing for possession

Standard possession timelines range from 30 to 60 days, but it can be much quicker. Expedite the following tasks promptly to minimize stress: arrange movers, schedule cleaners if necessary, secure insurance, set up utilities, and initiate a change of mailing address.

Step 7 : Possession Day

On the possession day, we can meet at the property half an hour beforehand, typically at 11:30 a.m., for a thorough walk-through of the home. During this time, we will inspect the property to ensure that everything aligns with the terms specified in the contract. Common elements to check include any damage incurred during the move and the functionality of agreed-upon items such as appliances and the furnace.

Step 8 : Follow up

After a few days in the property you will receive a follow up call to ensure things are in order. Write down your questions so you will be prepared for the follow up call.


Buy, Sell, List, Appraise

Explore a range of tailored real estate services with Paul McCallum, including expert assistance in buying, selling, and comprehensive home evaluations. Whether you’re navigating the market as a buyer or seller, or seeking to unlock the true value of your property, Paul will ensure a seamless and successful real estate experience.

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