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  • Writer's pictureRyan Starr

How to Buy a Home: A Step-by-Step Guide for Homebuyers

Buying a home is one of the most exiting moments in real estate and in anyone’s lives. Buying your new home is about trying to find the perfect fit for you and your family. But finding that perfect home can be a challenge. Even once you find that home, there are many more steps that go into actually putting an offer in.

As a real estate agent in London, I want to help you find that perfect home. So, let’s go over some of the steps in the buying process!


Before you start looking for a home, you will need to know your budget. As such, getting a mortgage pre-approval is the very first step when starting your buying process. Having this information can narrow the search and provide your agent with the necessary information to give you the highest quality experience that will outperform your expectations.

In this stage, I recommend speaking to your current mortgage supplier, if you have one. If you do not have a current mortgage supplier, I would be happy to assist you in finding one.


While buying, typically the seller is responsible for paying any kind of remuneration to the buying agent. That means that when you are buying you won’t have to (typically) pay for any of your agent’s services! While there may be no hidden fees to be paid to The Realty Firm agent, there will be several costs to account for during the entire buying process, on top of the purchase price. Some examples of these additional costs could include: down payment, home inspection and appraisal fees, insurance costs, land registration fees, prepaid property taxes and utility bills, legal or notary fees, potential repairs and/or renovations, moving costs, applicable taxes (if a new build) or on mortgage loan insurance (if applicable).


Come up with two lists when you start your house hunt. Come up with a need to have list and a would be nice to have list. To best serve you, share these lists with your agent so we’ll know what amenities you are looking for in your home. By letting us know information such as the number of bedrooms you are looking for, yard size, intended use, budget, pool, etc., we will be able to focus on finding you the perfect property to fulfill your wishes.


Through the use of industry leading tools, your agent will work with you to find a property best suited for your wants and needs. In this stage, our agent will be on the hunt for a property that you will love. This step consists of visiting listings privately and/or through open houses.


Once we have found a property that matches your criteria, we will work with you to put together an offer to purchase the property. During this step, we commit to researching the proper value of the home, working with you to determine an appropriate offer price, and write the offer with any special clauses or conditions. This process could be fast, so be prepared to move quickly to ensure you have the opportunity to offer on a desired property.

The main components for you to consider during the offer process are:

  • Offer Price

  • Deposit

  • Closing/Completion Date

  • Inclusions and Exclusions

  • Terms and Conditions

  • Clauses/Conditions (i.e., inspection, financing, etc.)


This is the best part. When the deal is completed and you can now move into your new home.

The buying process can be lengthy, but this is one of the most fun aspects. Being able to search for the perfect house is some of the most fun agents and their clients can have.

Ryan Starr

Sales Representative


The Realty Firm Inc., Brokerage

“We’re not just a realty firm, we’re THE Realty Firm”

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