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Home Buyer's Checklist

With regards to purchasing a home, there's countless things you'll need to confirm along the way.


1)Sort out your spending plan


Decide your financial plan for a down payment and amount you can spend month to month. Consider monthly expenditures such as your mortgage, maintenance or common charges and real estate taxes, utilities, parking etc.


2)Get pre-approved:


Pre-approval is a significant and vital advance in the home purchasing venture. You should look for pre-approval for a mortgage, investigate your credit report, FICO score, understand the various sorts of home loans out there, search for the best rates, and locate the correct program for your particular needs.


3)Understand your timeline


Recognize your timeline for moving and comprehend what specific constraints you have.


4)Work with the local expert

Locate a realtor who has some expertise in the Greater Vancouver and all the more explicitly, locate a nearby master who is dynamic in the local you wish to buy in.


5)Sort out precisely what you need

Decide your requirements and organize your needs: style of home, size, area, building amenities, condo, townhouse or house.


6)Consider your commute

Evaluate access to transportation and commuting time to work in selected neighborhoods.


7)Think about schools

If applicable, research schools and review school reports in selected neighborhoods.


8)Consider amenities

Evaluate building amenities and house rules in terms of your needs (e.g. washer/dryer permitted, doorman, gym, pet policy, storage facilities, etc.)


9)Let your realtor handle the negotiations


Discuss with your agent how much to offer and leave room to negotiate. Your realtor will be able to advise based on how long the property has been on the market, the condition of the home, other offers that have been presented, and how the asking price compares to recently sold comparable properties. Let your agent set up your offer and apply trained negotiating skills during the buying process. Your agent will advise you of any final negotiating factors that may benefit you in the purchase.


10)Review the building

Whenever you have picked a property, have both your agent and your lawyer assess the buildings's budget summaries.


11)Have all your documents in order

Once your offer is accepted work closely with your agent to gather materials for your mortgage application and/or board package.


12)Work with a local lawyer

Find a local real estate attorney to prepare the purchase contract before you sign and represent you at the closing.


13)Think about homeowners insurance

Before you move in, get homeowners insurance. Get quotes, compare and secure a protection policy with appropriate coverage.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.