A Home Buying Mini Checklist


Purchasing a home is a significant investment, and creating a checklist can help you make an informed decision when buying a home in Saskatoon, or anywhere for that matter. Here’s a checklist to guide you through the process:

1. Define Your Budget:

  • Determine how much you can afford by considering your income, expenses, and any available financing options.

2. Choose Your Location:

  • Decide on the neighborhood or area in Saskatoon that best suits your lifestyle, such as proximity to work, schools, public transportation, and amenities.

3. Decide on Property Type:

  • Determine whether you want a single-family home, condominium, townhouse, or another type of property.

4. Research the Real Estate Market:

  • Study current market conditions, property values, and trends in Saskatoon to understand what you can expect.

5. Find a Real Estate Agent:

  • Hire a local real estate agent with knowledge of the Saskatoon market to assist you in finding properties and negotiating deals.

6. Inspect the Property:

  • Schedule a professional home inspection to assess the condition of the property, including its structure, systems, and potential issues.

7. Review Property History:

  • Request information on the property’s history, including past sales, property taxes, and any known issues.

8. Check Zoning Regulations:

  • Investigate local zoning laws and regulations that could impact how you can use the property.

9. Review Strata Documents (If Applicable):

  • If you’re purchasing a condominium or townhouse, review the strata documents for rules, fees, and bylaws.

10. Determine Financing Options:

  • Explore mortgage options, compare interest rates, and get pre-approved for a loan if needed.

11. Calculate Monthly Costs:

  • Estimate your monthly costs, including mortgage payments, property taxes, utilities, and insurance.

12. Negotiate the Purchase Price:

  • Work with your real estate agent to negotiate a fair price based on comparable sales and the property’s condition.

13. Review the Purchase Agreement:

  • Carefully read and understand the purchase agreement, including any contingencies, deadlines, and responsibilities.

14. Arrange for Legal Representation:

  • Hire a real estate attorney to review legal documents and ensure a smooth transaction.

15. Secure Home Insurance:

  • Research and obtain home insurance to protect your investment.

16. Perform a Final Walkthrough:

  • Before closing, do a final walkthrough to ensure the property is in the agreed condition.

17. Closing the Deal:

  • Sign all necessary documents, pay closing costs, and take possession of the property.

18. Plan Your Move:

  • Arrange for moving services, utilities, and any necessary repairs or renovations.

19. Register the Property:

  • Complete all the necessary legal and administrative steps to officially own the property.

20. Celebrate Your New Home:

  • Finally, celebrate your new home and start making it your own!

Remember that this checklist is a general guide, and it’s important to tailor it to your specific needs and the Saskatoon real estate market. Consulting with a local real estate professional can provide valuable insights and assistance throughout the home-buying process.

As always if you need help buying or selling your home do not hesitate to reach out to Gregg or Ryan.

Buying or Selling a Home?

Whatever your buying or selling needs or wants may be, we are available to sit down and work through a plan that works best for you and your family. Contact us to get started.