Quick Checklist in Buying a Home

This checklist gives you a summary of each step in the homebuying process. Check off each step as you complete them.

STEP 1 – Decide what kind of home you want

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Choose the neighbourhood(s) where you want to live

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Consider which features are important to you (size, number of bedrooms/bathrooms, type of house, etc.)

STEP 2 – Calculate how much you can afford

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Calculate how much money you have saved for a down payment

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Calculate how much your closing costs will be (ask your realtor or lender for advice)

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Calculate how large a mortgage payment you can afford each month

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Calculate the other monthly costs you’ll be responsible for as a home owner (maintenance and repairs, property insurance, taxes, etc.)

STEP 3 – Get the help and advice you need

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Find a realtor to help you find a home

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Get pre-approved for a mortgage so you know how much home you can afford

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Hire a lawyer to look after your legal interests and review any contracts

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Get an appraisal and home inspection for any property you are thinking about buying

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Make arrangements to get property insurance after you purchase your home

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