Buying a new house is, above all, a question of reflection and planning, hence the interest in being supported by professionals in the real estate sector at each stage. Broker, banker, inspector, notary, each of these professionals will be present at crucial stages in the process of purchasing your home.

 Assess Your Borrowing Capacity

As you can imagine, it is necessary to know your borrowing capacity before starting your research to avoid disappointment. Several banks also provide customers with online tools to assess their borrowing capacity. This allows them to have a better idea of ​​the amount to borrow based on their income.

Test The Waters

This is a stage of reflection where you will have to question the type of property you wish to acquire:

• A condo?
• A detached house?
• A duplex?
• A twin?
• A townhouse?

The choice will be made according to your personal, professional or family needs.

Another question to ask yourself will be related to the place where you want to buy. You can choose your neighbourhood for its tranquillity, the choice of schools that compose it, or its proximity to the location of your business.

Once these elements have been determined, you can start your research on the internet simply to test the waters. It costs you nothing to consult specific real estate sales sites to inform yourself and get an idea of ​​the prices for the neighbourhoods in demand.

If you have the opportunity, visit the neighbourhoods in question to ensure that they indeed match your criteria. This informative period can undoubtedly take up some of your time, however, it is necessary not to rush and to take the time to think before embarking on this type of project.

Find A Property Via A Real Estate Broker

The real estate broker is a professional who supports you throughout the purchasing process, from choosing the house through negotiation to the conclusion of the sale at the notary. The broker will be your collaborator in finding THE house of your dreams.

This professional is a real estate expert; he will be able to give you valuable advice and manage your search. Forget the broker that this or that person recommended to you; a broker is chosen according to your specific needs.

Moreover, one of the main criteria of the real estate broker is to know the area in which you wish to buy. He must have carried out several transactions in this sector. For this reason, it is necessary to research to find a broker to meet all your expectations.

Find a Mortgage Broker

After finding a professional to handle your future purchase, it is time to find a financial institution that agrees to grant you a mortgage loan. The good news is that you do not have to pay the mortgage broker either since the banks pay him a commission.

Are you delighted with your banking institution, and would you like to take out a loan from them? Forget this idea immediately. A mortgage expert can assist you in shopping for a mortgage loan!

Find a Mortgage

This is a crucial step in the purchasing process since you will undoubtedly be in debt for the next 15 or 20 years! If your mortgage broker has advised you well, then there is no reason for you to have regrets after taking out this loan, which represents a significant investment.

Despite everything, feel free to find out about the different aspects of the mortgage to be sure that you understand your contract. Here are some topics that might interest you:

• Conventional or subsidiary mortgage?
• Fixed or variable rate?
• The term mortgages

Use A Notary for The Purchase of A Property

The notary acts as a public officer recognized by the State. Moreover, the documents he draws up are authentic and are authentic in court. He is an expert for whom real estate law holds no secrets, hence the interest in going through this professional for each of the documents you sign or even to provide you with informed advice for the decisions to be made.

Thanks to his expertise, the notary can avoid surprises that you might encounter when buying a house, such as taking over the contractor’s debts with the house or becoming responsible for your seller’s mortgage debt.

The role of the notary consists, in particular, of protecting investment money during a real estate transaction and ensuring the validity of the documents signed between the different parties.