Finding your dream home.

Owning your own home is about more than just being able to decorate any way you like. It’s about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It’s about being willing to take the risks of homeownership with a realistic expectation of the rewards.

It can be discouraging to find that your salary will not stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It is better to buy a modest home now and look at purchasing your “dream home” in a few years.

This is something that lenders take very seriously. Your Total Debt Service Ratio (GDSR) includes mortgage payment, property tax, utilities, and all other debt that you have. This amount should not represent any more than roughly 42% of your income. Your Gross Debt Service Ratio (GDSR) includes only your mortgage payment, property tax, and utilities. This amount should not represent any more than roughly 32% of your income. What 32% of your income represents in terms of purchasing power will help you figure out the geographic areas that you may want to consider.

Do you hate lawn maintenance, or love to grow a garden? Are you a city dweller, or do you enjoy the peace and quiet of the countryside? These are the kinds of questions our Real Estate Agents ask, to make sure we find a home that’s right for you.

You need a good sales representative who will work hard for you. Someone who is dedicated to helping you find the right home and at the right price. Exmouth Group wants you to find a home that will make you happy and successful in real estate ownership.

When you hire Exmouth Group to help you buy your first home, we want you to know what you want and how much you can afford. Then we will find a way to merge these two priorities and find a residence that you will enjoy owning.

Keep your objectives in mind when visiting a home. Sometimes the idea of owning a home can overwhelm your practical sense, so keep your feelings in check. Keep a list handy of the features that you need and want in a home, and judge each home by the list instead of by details that could distract you from your goal. When you are alone with your Exmouth Group Sales Representative, you can go over the pros and the cons of each home. We can help you stay on track while still keeping our eyes out for a great property.

Engage the services of an amazing Real Estate Lawyer. We can recommend several lawyers in the area who might be a good fit for your family’s needs. Interview them to ensure that you get someone you can work with. The legalities of transferring land ownership can be dodgy, and a lawyer is always your best defence against future legal troubles. An amazing Lawyer can charge a thousand dollars and more for their services, but the tens of thousands of dollars saved in legal fees later make this a good expense. As a first time home buyer in the Province of Ontario, you may be required to have your land transfer tax available in your bank account for closing but spending those funds is not realized on your first home purchase. You can expect to budget between 1%-1.5% on legal fees and closing costs.

See our Network of Professional page for details on our preferred Law Firms. <>

Make the offer. This can be a maze of “buyer”, “seller”, “chattels”, “deposit”, and “completion”, “clauses” or “conditions”. We are happy to prepare all of the documents and go through them in their entirety with you prior to submitting. Remember, the Seller may reject or counter your offer, so even at this late date, avoid setting your heart on the home you hope to own. You will also have to submit a deposit amount (generally between $500-$1000.00) to the Seller’s Brokerage that proves the seriousness of your offer.

Get all necessary inspections done before closing the transaction. We are happy to help you do this to ensure that everything agreed upon is completed prior to the final signing. While it is not a requirement to have a home inspection done, Exmouth Group always recommends you consider investing in the peace-of-mind so that there are no surprises after you take possession. In the competitive market that we have seen in the last couple of years, we may even recommend you have one completed prior to submitting your offer in an effort to remain competitive with anyone else who may also be submitting. The money invested here could save you thousands in the future.

You need an Exmouth Group Sales Representative! We are dedicated to working hard for you. We are the help you need to find the right home, at the best price, with the least amount of inconvenience to you. We want you to find a home that creates happy memories for you and your family. That, in turn, means successful Real Estate ownership.

From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. Don’t hesitate to contact us (LINK) to find out more about how we can make the home buying process easier!