Shaw Realty Group, Brokerage

Step 1: Looking at Homes to Understand the Market

We will create a personalized buying strategy to get you your DREAM home! We will negotiate to ensure you are protected and connect you with reputable contractors and home inspectors.

We are here to negotiate for you. Let us protect your greatest asset.

• 01 – Buyer Consultation

  We will advise you of market conditions so you understand exactly what is happening in the market. Let us know how often to communicate with you.

  We’ve created an overview of the entire process to help you prepare and get started. From here, we will work with you to build a customized plan based on your goals.

• 02 – Pre-Qualification

  Work with a mortgage broker to secure a pre-approval.

  Before you start looking for a home, you need to know how much you can spend. Getting your mortgage pre-approval is the very first step in the process—and it’s never too early to start! It will strengthen your position when you’re ready to submit an offer and help you focus on opportunities in your price range. Consult with your bank and/or a mortgage specialist who will look at your current financial situation and pre-approve you for a mortgage within your budget. This pre-approval will typically be valid for 120 days.

  Tip: Get a letter from your lender confirming your purchasing amount! This helps you stay competitive on offer date.

• 03 – Dream Home Search on MLS

  We will review your customized needs analysis and set you up on a search. I will advise you about neighbourhoods and properties that meet your requirements.

  When creating your wish list, there are a lot of factors to consider. For example, you’ll want to consider whether you want to purchase a house, condo, or investment property; how much you can afford; location; timeline; transit access; lifestyle; amenities; and parking.

• 04 – Showings

  We will begin viewing homes that meet your criteria and budget. This is the exciting part!

  We know how busy life can get and your time is valuable! We’ll help streamline the best 7-10 properties to preview in person or virtually and ensure they meet your criteria so you aren’t wasting your time. We’ll help you keep track of which homes you view and then discuss honest feedback on each.

Step 2: Putting in Offers

This part can be nerve wracking! We’ll ask you to trust us when we get here. It’s our job to stay logical and help you get the home you want and leave emotions out of this decision. We will submit a competitive offer with terms aligned with your interests. Our agents will navigate open offers and multiple offer scenarios if applicable. If needed, we will hire a professional to inspect the home for any hidden issues.

When you find the right place, the next step is to submit an offer. When you submit an offer (Agreement of Purchase and Sale), the main components for you to consider are:

• Offer Price: The amount you are willing to pay. This may be the final amount or the starting point of negotiations. We will generate a comprehensive Comparable Market Analysis report to ensure fair market value
• Clauses: A clause is a term or terms necessary to include in your offer to protect you through the purchase process
• Closing/Completion Date: The date that you get keys and take title/ownership of the property
• Deposit: This is typically 5% (or more) of the purchase price and is payable by bank draft or certified cheque within 24 hours of offer acceptance or in some cases, with the offer, depending on circumstances
• Conditions: A condition is a clause the Buyer needs to waive or fulfill by an agreed time in order for a sale to be finalized. The most common conditions are: financing, inspection, lawyer review and status certificate review
• Chattels and Fixtures: Otherwise known as inclusions and exclusions; these are the items that you wish (or the Sellers wish) to be included or excluded from your offer.

Step 3: Accepting an Offer

Once your offer has been successfully negotiated and accepted by all parties, you now have either a conditional or firm sale. Once firm (conditions have been fulfilled according to the agreement), your sale remains pending until the Closing/Completion Date.

You will require a lawyer to facilitate the closing of your property. We recommend that you contact your lawyer a minimum of 1-2 weeks before your closing date to ensure that everything is in order and to confirm a date and time to sign all paperwork (this can be done virtually), where and when to pick up keys for your new home etc.

A deposit is due within 24 hours of an accepted offer! This goes towards your downpayment. It is held in trust by the listing brokerage.

Step 4: Closing Day!

Closing day is an exciting milestone for buyers—it’s the day you officially take ownership of your new home! However, it can also feel overwhelming if you’re not sure what to expect.

Tips for a smooth closing day:

• Be available: stay accessible via phone or email in case last-minute issues arise
• Double-check payments: ensure your down payment and closings costs are ready to be transferred!
• Set up utilities effective for this date

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