Office: 165 Pretoria Avenue, Ottawa ON. K1S 1X1

Phone: 613.238.2801

Fax: 613.238.4583

email: roberthof@royallepage.ca

royal lepage

Thinking

How do I prepare to buy a home?

This section offers detailed information to help you as you prepare to buy a home. You’ll find helpful tips and details on everything from talking to your potential Royal LePage REALTOR®, to getting your finances organized.

The more prepared you are as you start looking for a new home, the easier and more enjoyable the process will be. Thanks to the wide variety of services offered by Royal LePage, we’ve got you covered every step of the way.


Needs vs. Wants

What features do I want in a home? What features do I need in a home?
Looking for a new home can seem overwhelming at first. There are so many things to think about, so many choices, and often not enough time.

A small investment of time and effort right at the start can pay tremendous dividends. Take the time to organize your thoughts and think seriously about what sort of home you want before you start looking. It will simplify the process, save you time, and help lead you to the right home for you.

Make sure that you talk to a REALTOR® before you start your search to help you get organized, answer your questions, and also to raise important questions to ask yourself, such as:


How can a Royal LePage REALTOR® help?

Good REALTORS® save you time and money. They know your community, they know what is important when buying and selling a home, and they know all the intricacies of the process, from finding a home, to negotiating a price, to closing a deal.

A Royal LePage REALTOR® will:


Questions to Ask Your REALTOR®

How do I know if I have found the right REALTOR® for me?
You are going to be working very closely with your REALTOR®. You need to be confident that you are working with someone who understands what you want, knows the real estate market, and can give you the advice and guidance you need. We encourage you to interview several REALTORS® before choosing the one you want to work with.

To help you choose a REALTOR®, here are some questions to consider:

How can you help me find the right home?
Good REALTORS® will impress you with their knowledge of the local market and their ability to appreciate what you are looking for in a home. They should be able to show you what is available in your price range, and how the features and benefits of specific homes and neighbourhoods fit your requirements.

Given our particular circumstances, what advice would you offer?
Every family is different and a good REALTOR® appreciates this. He or she should be able to advise you on how to meet your unique circumstances and lifestyle.

Why should I work with just one REALTOR®?
If you don’t have an exclusive agency agreement with your REALTOR®, you’re not legally obligated to work only with him or her to find your next home. It may, however, greatly benefit you to do so. Talk to your prospective REALTOR® to find out his or her position and then determine what’s best for you.

What happens when you are not available?
REALTORS® work extremely long hours and try to be available whenever and wherever you need them. However accommodating they try to be, they are not always available.

Ask your prospective REALTORS® what arrangements they have in place when they are not available.

What makes your real estate service special?
Every REALTOR® tries hard to give top-notch service, but what distinguishes really good REALTOR® from the rest? Ask them. You may be surprised at what they have to say and, just as importantly, how they say it.

When the interviews are over it’s time to make a choice. Think about what the REALTOR® told you, and ask yourself:

We think you’ll agree that Royal LePage REALTOR® are the REALTOR® of choice – motivated, experienced, and dedicated to the highest level of service in the real estate industry.


Your Mortgage

Find out about your mortgage options before you start looking. There’s nothing more frustrating that falling in love with a home, only to find out you can’t afford it.

Pre-qualifying for a mortgage is the best way to find out how much you can afford. Your financial institution will look at your income, expenses and debt to determine how much they will lend you. Combine that amount with the money you have for a down payment, and that’s your budget.

Once you have pre-qualified, consider applying for a pre-approved loan. Then, when you find the home you want to buy, it will speed up the purchasing process.

Mortgage options:
Mortgages are available through a number of financial institutions; your bank is only one option. Shop around for competitive rates and options.

HLC Home Loans Canada offers a wide range of mortgage products and home financing solutions. Whether you’re buying your first home, considering a renovation, or looking into your next purchase, HLC Home Loans Canada has the options, choice and flexibility to meet your specific needs.


First-time Buyers

Why buy?
Two out of three Canadian families own a home – that’s one of the highest rates of home ownership in the world. And for good reason. It’s a great investment. And with with increasing house prices, it’s all the more important for first-time buyers to get a foot on the first rung of the property ladder.

Did you know that…