Buying Tips

Buying a property is a big decision...

and following the right steps is very important if you want to ensure a smooth process with few issues, if any. Here is a checklist of steps that you can take when looking to buy your dream property:

1. Figure out how much house you can afford.

  • Calculate your monthly income and debt.
  • Use our Mortgage Calculator.
  • Figure out your down payment.

2. Get pre-approved for a mortgage.

  • Choose a type of mortgage.
  • Speak to at least three lenders/mortgage brokers.
  • Shop for the best interest rates and programmes.

3. Determine what you want and need in a home.

  • Fill out the form in My Dream Home and we will send you a form to complete which will help you decide.

4. Research your target neighbourhoods.

  • Drive by and get a feel of the environment.
  • Ask residents for information on schools, crime rate, flooding and traffic.
  • Determine your work commute route.
  • Scout local amenities, such as parks, supermarkets, shops, restaurants and petrol stations.

5. Work with a real estate agent who knows the neighbourhoods.

Consider working with one real estate agent exclusively.

  • Fill out the form in My Dream Home and we'll be happy to assist you.

6. Search for homes on our Island Style Realty website.

  • Browse listings online, including
  • Check local newspapers.
  • Ask your agent to set up tours of homes that fit your criteria.

7. Research each home you want to buy.

  • Ask your agent for comps to estimate the property's fair market value.
  • Ask to see the line marks/boundary marks.
  • Ask the seller's reason for selling.
  • Ask the seller for termite treatment history and a copy of the treatment certificate.
  • Review all property disclosures.
  • Find out about liens, easements or other restrictions.

8. Make an offer and negotiate.

  • Determine the purchase price.
  • Include contingencies, such as financial, inspection or purchase.
  • Spell out any special requests and repairs you want included in the sale.
  • Determine an earnest money amount.
  • Define a move-in date.
  • Once both parties agree to the terms, sign the Purchase and Sale Agreement.

9. Finalise the deal.

  • Hire an attorney.
  • Get the house appraised. Click on Property Valuation and we will conduct one for you.
  • Get a professional home inspection.
  • Consider getting specific inspections for electrical systems, structural engineering, roof and termites.
  • Choose a home insurance company.
  • Complete the loan process with the lender.
  • Do a walk-through inspection prior to closing.
  • Set aside cash for the closing costs and down payment.

10. Enjoy your new home.