Buyers Information

Home Closing Process

Buying a home is a huge decision, and we want to help you every step of the way. See below for some helpful resources to ensure you are fully informed and ready to find your dream home.

Make the decision to buy

Take a look at the types of home ownership before deciding which one to start searching for. For example, do you want a house with freehold ownership (it’s all yours), or would you prefer a condo with strata fees? This will help define your search if you do choose to move forward.

Owning a home is one of the biggest steps you can take, and as exciting as it is, ensure that you are financially ready for the commitment.

Make a list of wants and needs

Think about all the things you will need out of your home. Is your family growing and you need a third bedroom? What about location, do you need to be within walking distance to a school or work? You put these things down as needs, and then all the things you’re looking for, but don’t necessarily need, as wants. To help you through this process, you can download this checklist to get you started.

Choose a real estate agent

Finding your future home, where you will go through all the ups and downs of daily life, is a really personal and emotional process. Make sure to choose a REALTOR® that you respect and trust with this delicate process.

At Tracy Moffett & Associates, our passion is getting you into that dream home. We are completely transparent and accountable to you, and will have your best interests in mind every step of the way.

Understand home financing 

In the midst of looking at different homes and their various features, the financial end of things may be the most challenging part, and planning ahead is key. We will work with you to establish just how much of a down payment you can afford, as well as get you pre-approved where possible to protect against rising interest rates.

Find your dream home

This is the fun part! Starting the search for your dream home can seem overwhelming, but your REALTOR® can help narrow the search to homes in your price range, in a specific neighbourhood, or with all those featured on your checklist.

When going to look at homes, be sure to take someone with you as it’s always nice to have a second set of eyes. Take a camera or phone with you and snap some photos to reference later on, and always refer back to that list of wants and needs!

Make an offer

So, you’ve found that dream home, and now it’s time to put in an offer and make the dream a reality. We will help you put together an Offer of Purchase, and will ensure you aren’t rushing into anything on heightened emotions.

An offer will be made up of a price, deposit, terms (including financing details), conditions, specific items that are included or excluded with the sale, and the closing date. From there you will decide if your offer is “firm” (you are willing to buy the house as is) or “conditional” (based on a further home inspection or the approval of financing).

Home closing process

This is the exciting day when you will officially take ownership of your new home, but there are a number of fees that come along with it. We will make sure you are fully aware and ready for these fees and will help you manage the final steps before those house keys are in your hand.

Moving tips

Moving can seem like a daunting process, but it is also very exciting to begin setting up your new home. Save some stress by planning ahead and check out this moving checklist for some guidance.

Moving Checklist

Download checklist 

Resources

Welcome to Kamloops

Here are some helpful links to get you feeling right at home.

Tools