| The Ottawa Home Buyer's Guide (CHMC) is here
to make things easier for you by providing the information
you need to make a wise Ottawa homebuying decision. There
are examples and worksheets that will guide you through the
entire homebuying process.
- Step 1 — Is
Homeownership Right for You?
Buying a home is one of the biggest financial and lifestyle
decisions you will make, so it pays to make an informed
decision by first looking at the main advantages and disadvantages
of homeownership.
- Step 2 — Are
You Financially Ready?
In this Step you will find a number of simple calculations
that will help you evaluate your current financial situation
and determine how much house you can afford and the maximum
price that you should be considering.
- Step 3 — How
Much will it Really Cost?
After you have calculated the maximum home price you can
afford, you will need to calculate the up-front costs and
expenses associated with buying a home to make sure you
are financially prepared.
- Step 4 — What
Should You Buy?
Before you start searching for a home you need to think
about your current and future housing needs and what characteristics
are important to you in a home.
- Step 5 — What
Professionals Should You Call On?
This Step describes the roles played by the professionals
you will call on in the homebuying process: real estate
agent, mortgage broker, lawyer/notary, inspector, insurance
broker, appraiser, surveyor and builder/contractor.
- Step 6 — How
Can You Find the Right Home?
If you have decided that you are ready to start your search,
this Step offers information on ways to find the home that
is right for you, useful tips for your search and Home Hunting
worksheets.
- Step 7 — Ready
to Buy?
Once you find the home you would like to buy, you will need
to present the vendor with an Offer to Purchase or Agreement
of Purchase and Sale. This Step describes the Offer to Purchase
process.
- Step 8 — The
Final Steps
Describes the final steps in the homebuying process: things
you will need to do on closing day, and how to hire and
work with a moving company.
- Step 9 — Is
There More to Homebuying?
The real financial responsibilities of homeownership begin
when you take possession of your new home; you will need
to budget for mortgage payments, ongoing operating costs
and an emergency fund.
- Step 10 — Tips
on Home Repair and Maintenance
This section offers useful tips for new homeowners on home
repair, maintenance and renovations, and discusses the importance
of security and fire safety. Also includes a practical Maintenance
Calendar.
Ottawa Living is Ottawa's premier online
resource for everything about your home. We provide comprehensive
Ottawa real estate and rental listings, for home buyers, home
owners, and renters. We also have a comprehensive home services
directory for your home shopping and renovation needs. Our
Ottawa home directory consists of the following categories:
apartment
rentals, financing,
home
& garden, home
renovation, home
services, insurance,
lawyers,
moving
& relocation, and real
estate services.
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