For most people, finding the right home begins with a house-hunting strategy combining personal preferences, guidance from others (including your Remax Real Estate Agent) and a mix of neighborhood exploring and online searches.

For some, the search takes a while; others find what they want right away. In either case, our Calgary and Okotoks Real Estate Team will be a huge resource of insight and guidance, working through issues or complications that arise along the way; and pointing you in the right direction. 

ReMax Realtor Jay Magnussen has provided this general outline of what to expect during a home purchase, from the buyer's perspective:

Buyers make a purchase offer - This is it! You've found the home of your dreams, looked over disclosure documents, reviewed comparable sales data, talked it over with your agent and submitted an offer. The sellers may accept your first offer, but more often will return a counteroffer. In fact, additional negotiations are common, and your agent will help you through this generally stressful stage. 

Buyers put up a deposit - To solidify your intent to buy, you'll place a deposit on the property. The amount varies, but is generally at least 1 percent of the purchase price. Note: This money counts toward your down payment later.

Buyers apply for a mortgage - This step is streamlined if you have already been preapproved for a loan (it is most common practice to be prequalified before even making an offer) so now you will complete the loan process. The lender inspects title history and orders a property appraisal. The lender needs key information about the property before granting a loan. This is when potential problems can come to light. For example, the appraisal could show a lower value than the purchase price, or the lender could have trouble finding comparable homes. Also, the title search could turn up liens or other problems. 

A home inspection takes place - You'll hire an inspector – our ReMax Real Estate Team can suggest a couple trustworhy and qualified home inspectors – to check the home and point out minor and major problems that should be fixed before closing. At this point, you still have the option of backing out of the deal. Through your agent, you'll submit a list of requested work, and the sellers have the option to complete the tasks, do some of them but not others, or reject the request. The sides will negotiate until reaching an agreement.

Removing conditions - If the house passes inspection, appraisal and title search, and everything is good to go, then all contingencies can be removed, paving the way to a closing. 

Closing time arrives - Once conditions are removed and financing is set, all parties sign a seemingly endless stack of documents, and the transaction closes.

Packing begins - When the final signatures are in place, it’s time to put down the pens, shake hands, exchange smiles and start packing for the move!