8 Tips for a Successful Move in Canada
Are you planning a move soon? As exciting as it can be to move into a new home, it requires
great organization, preparation, and careful consideration. There are many variables you need
to consider when you’re getting ready to move. Here are the top tips Zoocasa’s real estate
experts recommend to help you prepare for the big day.
1. Research the real estate market
Do your research on the local real estate market and get familiar with current prices, and market
trends. Get a sense of what type of homes are available, what you can afford, and how
competitive the markets are where you’re looking to buy. You can use online tools like
Zoocasa.com to get a better understanding of local housing prices and trends but remember, it’s
not all on you. A real estate agent with experience in your target market will have in-depth data
and information to share with you.
2. Prepare your finances
Preparing your finances is an integral part of the home-moving process. Before you start looking
at potential homes, you should have a clear budget in mind. This includes not just the price of
the home, but all the additional costs associated with the move. Calculate how much money
you’ll need for the down payment, closing costs, and additional expenses like legal fees and
potential renovation costs for your new home. It's also a good idea to keep a buffer amount for
any unexpected costs that might come up during the process. A mortgage broker can help you
determine what you can afford and how much you’ll be pre-approved for.
3. Choose an experienced real estate agent
Choosing the right real estate agent is essential for your successful move in Canada. Make sure
that they are knowledgeable and experienced in the local market, as well as the type of property
you are interested in. Your agent should be able to answer any questions you have and provide
helpful insight on potential homes and neighbourhoods.
4. Have a home inspection
A home inspection is key when committing to a new home. A qualified professional will perform
a thorough examination of the home's structural components and systems, including the roof,
foundation, plumbing, heating and cooling systems, and electrical work. The inspector will point
out any issues or potential problems, such as damages, repairs, and maintenance that the
home might need. This could be anything from a leaking roof to cracks in the foundation, or
outdated electrical systems. Not only will this give you a better understanding of what you might
be getting into, but it can also provide you with leverage in negotiating the house price if significant
issues are found.
5. Start packing early
Start packing early to ensure a stress-free move! Make an inventory of all the items you own so
that you can track your belongings, and get rid of any items that you don’t need. Label boxes
according to the room they will be going into, and make sure to backup important documents
and photos on a hard drive or cloud storage system.
6. Hire a moving company
Hiring a professional moving company can be expensive, but it will make the process of
relocating much easier. They will take care of all the heavy lifting and ensure that your
belongings are safely transported to their new home.
7. Understand the legal aspects
Lastly, but importantly, understanding the legal aspects of buying a home in Canada is crucial.
This includes knowing the responsibilities of both buyer and seller, the rights each party
maintains, and the overall process of legal transfer of ownership and securing home insurance.
It's also essential to be informed about the various terms of the purchase contract, including
conditions that must be met before the sale is final. Working with an experienced real estate
lawyer can help ensure you navigate this process smoothly, thereby making your move
successful.
8. Close the deal
Closing the deal is the final step in buying a home. This process includes reviewing and signing
all the necessary documents and paying the closing costs. It's at this point that the ownership of
the property is legally transferred to you. Make sure you understand all the details before you
sign anything. Your real estate agent and lawyer can guide you through this process, helping
you understand the terms and conditions. This process can take a few weeks, especially if there
are contingencies involved. Once everything is signed and the keys are in your hand, you've
successfully completed your move.
Next comes the fun part. Enjoy your new property and begin making it your home sweet home.
Remember, although the process can seem overwhelming, a real estate agent will help you
along each step of the way. Happy home hunting!
