B U Y I N G   Y O U R   H O M E

The first thing you need to know before you buy a house or condo in Winnipeg is how much your bank is willing to lend you. To get pre-approved for a mortgage your lender will look at your income, your debts, your down payment, and your credit history. They’ll ensure that you have your deposit, down payment, and closing costs ready to go. We have an amazing list of mortgage specialists that we can refer you to!

Determining the right location and everything you need and want in your home is critical. What are your ‘must-haves’, your ‘nice-to-haves’, and your ‘no-way-absolutely-nots’? Once you list those qualities, we will help you keep track of them and make sure your new home ticks all the boxes.

Buying a house or condo is one of the biggest purchases you’ll ever make - but don’t worry, you don’t need to do it alone. Pick a great real estate agent (ahem, ahem) whom you can trust to work exclusively for you.

Now that you’ve pre-approved for a mortgage, narrowed down the areas, listed your needs and wants, and picked a great Realtor to work with it’s time to start looking at listings and homes in person! While Realtor.ca is a good place to start, we will send you custom, cherry-picked listings that match your criteria and schedule viewings of the homes you want to see. Now it’s just a matter of picking the right home!

Congratulations! Your house hunting efforts have paid off and you’ve found the perfect home. The offer process is both exciting and nerve-wracking. We start by drafting the Offer to Purchase Agreement, which is a legally binding document that contains everything from the price you are prepared to pay to the possession date and the inclusions you want, and the conditions to protect your interests. If you find yourself in a multiple offer situation we can guide you through that as well!

A deposit is required to make the offer legally binding and is a sign of earnest money. Depending on the situation having a strong deposit can make all the difference! Conditions are requirements within the Offer to Purchase Agreement that must be met for the deal to go through. Examples of conditions are Financing, Home Inspection, and the sale of your existing home.

Congratulations! You’re almost a Manitoba homeowner! Closing is the point at which the ownership and possession of the property is transferred from the seller to you. It takes place after every legal and financial obligation has been met and is executed by your lawyer.

Knowledge is power. If you’re the buyer, it’s important to know what you might have to pay for so that you can make sure you work everything into your budget ahead of time. Examples of closing costs are: legal fees, land transfer tax, insurance, etc.