Christina Onyshchenko

Real Estate Sales Representative

Toronto Vaughan King City Aurora Newmarket East Gwillimbury Bradford Innisfil Etobicoke Mississauga

Buying Property in The Greater Toronto Area

Buying property is one of the best investments you can make in your lifetime. Being prepared is one of the most important factors in a smooth buying process.

Set Your Criteria

Prior to starting your search, you want to determine what exactly you are searching for. Establish your needs, wants, and make sure they align with your finances. Important points of criteria you want to set include:

  • Location
  • Type of property (condominium, townhouse, semi-detached, detached, farm, land etc.)
  • Size of property
  • Number of bedrooms
  • Number of bathrooms
  • Budget

Once you’ve established your general criteria you can move forward to defining specifics. This may include:

  • Home finishes
  • Floorplan
  • Storage
  • Proximity to schools
  • Proximity to transportation
  • Neighborhood

After you’ve established what exactly you are looking for you will want to assure that your budget can meet your requirements.

Get Pre-Qualified

If you require a mortgage for your purchase you will need to get pre-qualified prior to starting the searching process. Schedule an appointment with a mortgage broker to determine your true budget.

The Searching Process

After you are pre-qualified we can begin the searching process. I will send listings that meet your criteria and will schedule in person viewings for properties of interest. Virtual viewings also are available upon request.

The Offer Process

You found a place you like- great! The offer process is all taken care of by me. I prepare your documentation and all that’s left is for you to sign. The listing agent will present your offer to the seller who will either accept your offer, reject your offer, or counter your offer. Countering an offer means that the seller comes back with some changes that gives you the position to accept, reject, or counter as well. Rejecting an offer means that the seller does not accept you as a buyer. Finally, accepting an offer means that the place is yours!

Submitting a Deposit

There are three options for submitting a deposit:

  1. Herewith: The deposit is submitted at the same time as the offer is submitted
  2. Upon Acceptance: As soon as the offer is accepted you have 24 hours to submit a deposit
  3. As otherwise described

Completing Conditions

If you had any conditions in your offer, such as a home inspection, you would need to make sure any and all conditions are either fulfilled or waived prior to title search date.

Title Search Date

The title search is completed by your lawyer. This is typically completed 2 weeks prior to closing date. The title search process assures that there are no liens on title, and if there are that the seller takes care of them.

Closing Day

The most exciting day: closing day! All the internal details on closing day are typically taken care of by your lawyer. Once everything is in the clear, the title is transferred to the new owner and you get the go ahead to get your keys. Keys can either be picked up at your lawyers office or your lawyer will provide the lockbox code that is located at your new property- typically this depends on personal preference of lawyer.