Home Buying, Step by Step

Introduction

So you've finally decided to fulfill a lifelong dream and buy your own home. How exciting! You will finally have a place to call your own and the power to make your own home improvements and renovations. A home may also be an important way for you to grow financially.

You may feel the excitement fade when you discover the steps it takes to become a homeowner. It's true that it can be challenging. You'll have to deal with lots of different people along the way and you're bound to have lots of questions: What should I be asking my real estate agent or my lender? What is the difference between an appraisal and an inspection report? Can I add renovation costs to my mortgage? And, where can I find objective information?

CMHC's Homebuying Step by Step guide is here to make things easier for you by providing the information you need to make a wise homebuying decision. This section provides examples and worksheets that will guide you through the entire homebuying process, from the moment you make the decision to buy your own home to the moment the movers carry the first box through the front door. It couldn't be easier!

Buying a home doesn't have to be daunting and you don't have to go through the homebuying process feeling helpless and unsure. CMHC's Homebuying Step by Step guide provides you with clear, straightforward information on who to consult, what to ask and what to do. You'll know what to expect and be in control every step of the way, and you can sign on the dotted line with peace of mind. You'll see that buying a home can be exciting and rewarding, as it should be!