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Blog by Krisztina Neglia

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Homes For Sale In Southeast Oakville

There are many homes for sale in Southeast Oakville, but there are people who do not know how to find them, or even how to buy the home of their dreams. Buying a house does not just involve paying the quoted price and getting the title to the house, there is much more that is involved in these transactions. Before you can buy a house, you first need to identify the right property.

How to Find Homes for Sale in Southeast Oakville

There are many ways of finding properties that are on sale anywhere in Ontario. However, the three most popular ones include:

  • Finding homes through real estate agents
  • Searching online real estate listings
  • Classified ads on local newspapers

Each of these options has its own advantages and disadvantages. For instance, the classified ads section on print media only have a limited number of properties for sale. Since these are paid ads, some sellers may not be willing to pay the advertising fee to have their properties listed. This means that only a few properties may be listed.

Online listings, on the other hand, have the highest number and widest range of properties. They offer an affordable way for potential buyers to find houses that meet their specifications. Real estate agents can be very helpful, especially to first time home buyers. These real estate professionals usually help clients to find properties that meet their specific needs.

The Process of Buying a House in Ontario

Step 1: Find Your Dream House

The first step in the process of buying a house is identifying a house that meets your specific needs. It should be located in the right neighborhood in Southeast Oakville, have the right number of bedrooms, bathrooms, and the living room as well as the kitchen should be of the right size. The location of the house is also an important consideration. If you are convinced that you have found the right house, you can move on to the next step.

Step 2: Make Arrangements for Financing

Very few people can buy a house with cash. Most people use mortgages. If you are like most people, you need to visit your bank and speak to the mortgage specialist and apply for a mortgage. The amount of money you have saved for the deposit as well as the amount of money you can afford to pay every month will determine the amount of money the bank may be wiling to lend you. Once you have your mortgage pre-approval document, you can proceed to the next step of buying a house knowing exactly how much you can afford.

Step 3: Hire a Real Estate Lawyer

Buying a home is perhaps the biggest investment that people make in their life. For this reason, there is need to ensure that due diligence is done. The right lawyer will do a title search to find out who really owns the property. This legal professional will also check if there are any unpaid taxes or liens on the house. The lawyer will also look through the terms on the offer to purchase before you submit it.

Step 4: Make an Offer

An offer to purchase property is a legally binding document. Once the seller receives it, you will obligated to meet all the terms and conditions on the document. Therefore, you may want to have your lawyer help you fill out the document. The offer document outlines the offer price, terms, closing date and deposit. Upon receiving it, the seller can either reject, counter the offer or accept it.

Step 5: Have the Home Inspected

If you are buying a new house, this step may be unnecessary because new houses often come with a warranty. However, pre-owned houses may not have any guarantees. For this reason, it may be wise for you to hire a home inspector. If everything is in order, you can start focusing on closing the deal. 

Finally, if you are looking for homes for sale in southeast oakville, contact us and we will help you find the house of your dreams.