Home Purchase Roadmap For Buyers
Are you in the market for a new home but unsure of what to expect? Take a look at our home purchase roadmap for new buyers! We’ll walk you through the process so nothing feels unfamiliar or intimidating.
Initial Fact-Finding Meeting
STEP ONE
First, we'll schedule an initial call to complete an application and review the best possible options based on your current situation.
We'll review your finances, current employment, credit history, and the kind of property and mortgage you're looking for!
Answering these questions will help us build a detailed file we can reference to ensure your homeownership journey is as smooth as possible.
Pre-Approval & Rate Hold
STEP TWO
Next, we'll complete a hard credit check and verify your current income to provide an outline of the home and mortgage you may qualify for, along with a suggested list of potential lenders.
From here, your mortgage broker will also provide you with a rate hold. Meaning: your interest rate won't change between the offer and closing, as long as there are no changes to your application (employment, finances) and you close within a specific time frame.
Approval
STEP THREE
During this stage of the process, you've found your property and we can begin working towards closing!
This consists of updating your application with the property details, financing deadlines, and reviewing the file with preferred lenders.
Once we identify the target lender with the best terms and rate for your situation, your application is submitted to them to commit and finalize the mortgage paperwork.
Appraisal
STEP FOUR
An appraisal is completed if needed or requested by the buyer or lender. This is an unbiased, professional opinion on a home's value.
The appraiser will undergo an in-person inspection and create a report based on market trends, similar property sales, and aspects of the home (floor plan, amenities).
If the appraisal value is lower than expected, the transaction may be delayed or cancelled.
Document Condition & Fulfillment
STEP FIVE
Document Condition and Fulfillment is a stage in the homebuying process where the buyer and lender review and fulfill any outstanding conditions or requirements related to the loan and property. This may include submitting any additional documentation requested by the lender.
Once all conditions have been met and all necessary documents have been provided, the lender will clear the loan for closing. This stage is crucial to ensure that the loan and purchase of the property can proceed smoothly and without any issues.
One of the final steps in your homeownership journey will be communication and involvement with a lawyer.
At this stage, your lawyer will work with the lender to register the mortgage and assign the property title to you. You'll also arrange a meeting with your lawyer to finalize financial details.
This includes signing paperwork, providing your down payment, and closing costs.
Lawyer Communication & Involvement
STEP SIX
Closing
STEP SEVEN
You've now arrived at the final stage of your homeownership journey: closing!
The lender will transfer the funds to your lawyer's trust account and they distribute the payment accordingly. The process is complete when your lawyer registers your name on the property title, closes the loan, and your realtor issues you the keys.
At this stage, you're ready to move in and enjoy your new property!
“As first-time home buyers, the whole process can be a bit overwhelming and daunting at first. But luckily we decided to avoid the big banks and use Amber. She was unbelievably helpful, resourceful, and responsive to every silly and strange question we had. She's one of the best in the business and if I could give her more than 5 stars I would!”
— Davin S., Happy Client
Referral Partners
Colene Wells
Real Estate Broker
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Dedicated to each client’s needs, as a skilled adviser, business partner and negotiator I offer a comprehensive array of resources that can manage every possible situation.
Both purchases and sales are held to the highest standard and I am there every step of the way to ensure the success in accomplishing my clients long-term dreams and investment goals.
My goal is to help my clients understand the real estate process and remove the stress of making one of the biggest financial decisions my clients will be faced with.
I am proud to work at The Realty Firm Inc., where I operate my business with the highest level of professionalism and customer service. I take pride in my reputation and work ethic, I will treat your investment like it is my own investment and go above and beyond to make sure you get the best deal, the best offer and the best representation.
Specializing in Residential resale, New homes, First time buyers & Investment properties, My expertise is evident in every transaction.
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Nicole Cake
Real Estate Broker
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Immersed in the industry for over 14 years, Nicole is an award winning Re/Max Real Estate Broker who prides herself on premium service and representation. With experience across a spectrum of market conditions, Nicole is well equipped to help you navigate your home purchase, sale, build, or investment with success.
From strong industry partners, a great reputation amongst colleagues, invaluable insight to pass along as you consider your options, and top notch communication skills, you will feel confident and cared for as you traverse the real estate process. Your trust is a privilege, and Nicole is eager to earn yours.
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Email Nicole: nicole@nicolecake.com
Call Nicole: 519.709.2228
Brittany Landgren
Real Estate Broker
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Helping my clients in London and surrounding areas navigate the buying and selling process is an honor, this is a big step in one's life whether they are purchasing for themselves or their next investment, earning their trust is the most important factor- you need to trust those helping with your biggest investments. As honest as they come, I like a challenge and will work tirelessly until we've achieved the real estate goals you are aiming for.
As a home owner and investor myself I enjoy swapping ideas and sharing my knowledge and experience with my current and past investment properties. Paired with my expertise in the real estate industry, my partner company "Britt's Accessories" allows me the opportunity to offer complimentary home staging to all of my sellers whether their home is in need of decor only or a full home staging at no additional cost to them; this allows me to ensure your property is shown in its very best light.
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Bob Lyons
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Being in his seventeenth year of business he has grown his company to include three CRA designated appraisers (under the Appraisal Institute of Canada) along with a DAR-designated appraiser (under Canadian National Association of Real Estate Appraisers -CNAREA) and four candidate members under Bob’s supervision and governed by the Appraisal Institute of Canada (AIC).
Bob’s office specializes in preparing residential appraisals. The firms clients including all the major lenders along with mortgage insurance companies, The firm also provides services for estate planning, matrimonial purposes, employee relocation, power of sale, the RCMP for proceeds of crime, and private individuals for value considerations.
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Linds Modrzynski
Real Estate Broker
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Sutton Group – Select Realty Inc., Brokerage is proud to include Linds Modrzynski as part of their team of outstanding real estate professionals,
Linds brings her energy, communication skills and eye for detail to every part of her client’s experience.
Her experience with residential sales ranges from condominiums, single- family and multi-family investment properties which gives her a competitive edge in the marketplace. Let her business relationships be an asset when negotiating some of the biggest purchases you will make in your life. Above all making her clients dreams become a reality is an achievement she strives for and will work tirelessly to fulfill.
Presentation, marketing strategies and a personal touch make Linds stand out in the ever-evolving real estate industry. From round the clock support from her team, complimentary staging to make your property shine to high quality photography and video, no detail is missed.
A devoted mother of two, Linds is an avid part of her community and is always looking for opportunities to support local and give back.
When she isn’t working you will find Linds in her garden, maybe trying out a new recipe, at the gym or riding her motorcycle and spending time with Family and Friends.
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Call Linds: 519-319-8514
Email Linds: info@listwithlinds.com
Alessandra Ocampo
Principal Lawyer
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M. Alessandra B. Ocampo is the Principal Lawyer of Vantage Law. Her law firm is focused on delivering real estate law services in an approachable and client-centred manner.
Alessandra’s experience includes sitting on the Board of Directors for a Mortgage Investment Corporation for over two years. She also acted as the executive editor of a magazine publication focused on issues related to mortgage brokers and agents and the private lending sphere.
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Call Alessandra: 905-901-5525
Email Alessandra: alessandra@vantage-law.ca
Ann De Bono
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Ann De Bono is a graduate of both Western University (B.A., English) and Fanshawe College (dipl.i.d, Interior Design). Her experience in the worlds of contracting and design have prepared her well for a successful career as a Realtor. She has been an award-winning Top Producer within her brokerage, most recently earning RE/MAX Platinum 2017-2022, RE/MAX Chairman's Club 2021 & 2022, and Hall of Fame awards for 2016 and 2022. She has also upgraded her skills as a Senior Real Estate Specialist, enabling her to serve her 'Boomer' clients especially well.
Ann is best known by her clients as a skilled negotiator who always puts their needs before all else. She prides herself on educating her clients about the real estate market, helping them realize the best possible price for their sale or purchase of a home in the least amount of time.
Family is Ann's greatest passion and joy. The De Bono’s have lived in London for over 25 years and are actively involved in the community in a number of volunteer capacities.
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Celia De Bono
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After two years working as Ann's part-time assistant, Celia (Ann's daughter) completed her Real Estate licensing and joined Team De Bono in March 2021. Celia brings her background in Business Marketing, and several years in sales at the retail and banking levels to her career as a Realtor. She has also been an award-winning agent within her brokerage, most recently earning RE/MAX Executive Award in 2021, and the 100% Club Award in 2022.
With her years in sales and customer service, Celia was well prepared for the transition into Real Estate and takes great pride in working hands-on with her clients and supporting them throughout their buying and selling journey. Celia also brings her digital/social media marketing background to the team by running their social media and print ad campaigns.
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Call Celia: (226) 234-9500
Email Celia: celia.debono@gmail.com
Breanne Melnyk
Realtor
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Breanne is a full-time Realtor servicing Elgin and Middlesex County. Before pursuing her passion in Real Estate, she worked in Labour Relations for the local School Board.
She prides herself in taking a client-centred approach and understands that everyone's circumstances for buying or selling are unique. Her focus is to build your trust and ensure that you are well educated and guided throughout the entire process to SOLD.
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Call Breanne: (519) 495-6615
Email Breanne: bmelnyk@remax.net