The Bill Parnaby Team - Caledon Realtors

Buying Made Simple

Congratulations on making the decision to buy a home! With over 30 years of experience, we have walked so many people through the process of buying a home.

This can be an exciting time in your life, so The Bill Parnaby Team has put together a complimentary Buyer’s Guide to help you navigate the process of buying your next home.

This comprehensive guide offers information and tips to ensure that you are prepared!

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Step 1. Deciding What You Want

The first step to finding the right home is to determine what you’re actually looking for. Where do you want to live? What type of home do you want? What are your deal breakers?

Step 2. Get Pre-Approved for a Mortgage

When it comes to buying a home, getting pre-approved for a mortgage is a very important step.

Not only does it help you understand exactly how much you can afford to spend on a home, it often allows you to lock in an interest rate for a period of time which could potentially save you thousands of dollars for years to come

Step 3. Choosing the Best Agent for You

Most buyers today work with a real estate agent rather than go at it alone for many reasons.

A great real estate professional will provide key market insights, sound advice and save you endless hours of time and money — all while helping you reduce the stress of a large purchase so you can truly enjoy the experience of buying your dream home.

Step 4. Property Searches Online and Off

Most homebuying searches begin online. In fact, over 90% of buyers start online.

The internet can be very helpful for you to get a sense of what’s available but keep in mind, it’s not a complete picture of the market or all potential properties available. 

A great agent, working on your behalf, will do an in-depth needs analysis to find all the properties suitable for you, set up a time to view the homes and guide you through the selection process.

Step 5. Making a Smart Offer & Negotiations

You have found a house you love. Fantastic news! What are the next steps? You’ll need to work hand-in-hand with your agent to decide the price, terms, and conditions.  

Your agent will need to conduct a current Comprehensive Market Analysis (CMA), complete with comparable active and expired listings, recent solds, and other historical data to determine the market value of the home.

Step 6. Condition Removal & Inspection

Once an offer has been accepted, it’s time to satisfy any conditions or contingencies within the time frame designated.

This usually involves performing a home inspection, a bank appraisal, getting the rest of your personal information and the property information to your mortgage broker or bank and arranging for any other information that might be necessary, like surveys, water tests and condominium documents (if applicable).

Step 7. Preparing for Closing Day

What an exciting time! Being organized well in advance will pave the way for a much more enjoyable journey. Typically, you will have anywhere from 30 to 90 days before closing day. The closing date can be the same as your move-in date. However, this is not always possible.

It is normal that the exchange of money and title be complete before keys are released, which could be late in the day.


We know it’s nerve-wracking wondering what is going on, so we keep it our priority to keep you in the loop.

If you are looking for the right REALTORS® to help you on your journey, call us today for the best buying experience.

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