URABNTEAMHOME -

Step 1: Get Pre-Approved (Not Just Pre-Qualified!)

What Nobody Tells You: Many buyers think pre-qualification is enough, but sellers take pre-approvals more seriously. It gives you a clear budget and strengthens your offers.

Step 2: Choose the Right Realtor

What Nobody Tells You: Not all agents are equal. Find one who specializes in Vancouver’s competitive market, understands specific neighborhoods, and can navigate bidding wars.

Step 3: Define Your Must-Haves & Deal Breakers

What Nobody Tells You: Vancouver’s market is pricey—compromises are inevitable. Decide what you must have (e.g., parking, schools, transit) versus what’s nice to have (e.g., a view, extra space).

Step 4: House Hunting & Market Reality Check

What Nobody Tells You: Homes in Vancouver move fast! Be prepared to act quickly. Also, list prices can be misleading—many homes sell for way over asking.

Step 5: Make a Competitive Offer

What Nobody Tells You: Lowballing won’t work in Vancouver. Craft a strong offer that stands out—consider fewer contingencies, a larger deposit, or a personal letter to the seller.

Step 6: Due Diligence & Inspections

What Nobody Tells You: Many buyers skip inspections to stay competitive. While it’s risky, some hire inspectors before making an offer. If buying a condo, review the strata documents carefully!

Step 7: Finalizing the Mortgage & Closing Costs

What Nobody Tells You: Besides the down payment, factor in property transfer tax, legal fees, and potential GST (for new builds). Closing costs can add up!