The Home Buying Process

9 Easy Steps

STEP 1 - Arrange a Mortgage:

To save you time and maybe even money, arrange a mortgage before you start shopping for a home. Learn about mortgages and the advantages of getting a pre-approved one.

STEP 2 - Extra Costs:

In addition to arranging a mortgage it is important to understand the extra costs associated with becoming a homeowner. Learn more about these costs.

STEP 3– Identify Your Housing Needs:

Now that you know what you can afford, identify and prioritize the features you want in your new home. Once you’ve created your list, don’t forget to register for our Buyer’s Instant Notification System.

STEP 4 - Find A Realtor You Can Trust:

Choose an experienced realtor that you can trust with your Ottawa area real estate needs and who represents your best interests. Learn more about the role of the “Buyer Sales Representative”.

STEP 5 - View Homes:

Focus on viewing homes in the Ottawa area that meet your criteria (price, location and features). This will save you time and energy. The Renaud Otten Team's Buyer Representatives are available to help you find your dream home, usually with a minimum of 24 hours notice.  Ensure you provide us with your criteria so we can be as effective as possible.  Learn more about the criteria you should look at.

STEP 6 - Make an Offer:

When you find your dream home, you should present a competitive offer immediately. Your Buyer Sales Representative has contract and negotiation experience and will work with you in developing an offer price based on recent sales of similar homes in the same neighbourhood.

STEP 7- Conditional agreement:

When an offer is made it is usually made with conditions (ranging from conducting a final inspection to financing) and is known as a conditional offer. Learn more about common conditions.

STEP 8 – Home inspection:

A step that most home buyers take is to have their new home inspected by a professional Home Inspector. Learn more about home inspections and why you should get one.

STEP 9 - The Final Step to a Successful Closing:

Your lawyer will now prepare the closing documents.  Congratulations! Now that the condition(s) of sale have been met, the property is considered sold FIRM.

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