A step-by-step guide to buying your home in Oakville
Meet with a mortgage broker or bank to understand your budget. Pre-approval strengthens your offer and tells sellers you're serious. This determines your maximum purchase price based on income, debts, and the stress test.
Work with a buyer's agent who knows Oakville neighbourhoods, schools, and market conditions. Your agent represents your interests exclusively and guides you through every step of the process.
Browse MLS listings, attend open houses, and tour properties that match your criteria. Your agent will set up showings and provide insights on each property's value, condition, and neighbourhood.
When you find the right home, your agent prepares the Agreement of Purchase and Sale. This includes the price, deposit, conditions (financing, inspection), and closing date. Negotiations may go back and forth.
Once your offer is accepted, you typically have 5-10 business days to complete a home inspection, finalize financing, and review the status certificate (for condos). Your agent coordinates all deadlines.
Your lawyer handles the title transfer, registers the mortgage, and manages the closing funds. On closing day, you receive your keys and officially become a homeowner. Welcome to Oakville!