COVID-19 has changed our lives dramatically. The process of buying a home during Covid has changed accordingly utilizing online tools and virtual walk throughs. Initially, the Real Estate community saw a drastic slowdown in the sale of homes. However, the industry was quick to adapt to the new challenging environment as we were deemed an essential service.
All the health and safety protocols were followed. New cleaning routines and rules and restrictions for open houses were implemented. The increased use of professionally produced virtual tours became vital for potential buyers. When the industry adapted and sales increased, the importance of online tools remained critical. Given the speed that homes are sold, being prepared is now even more important.
I am here to help you navigate the process.
Start the selection process by deciding on the area of Ottawa where you would like to live. Some of the factors include working from home, and if not, is public transit nearby? Can the LRT or connecting busses help you get to work?
Do you want to be able to walk to restaurants, pubs, a park, the canal, the Byward Market, the Glebe, or shopping? Is there childcare and schools nearby? Are there medical facilities and hospitals in the area? Are there community associations that you may want to join? What are the demographics of the neighbourhood? When you find a neighbourhood you are considering, spend some time walking around the area and get a feel for the environment at different times of the day.
I can help you find out if there will be more development in your potential neighbourhood, and check the zoning.
The buyer pays Ontario Land Transfer Tax when the title is transferred from the seller to the new owner of a house or condo. If you are a first-time homebuyer, you may be eligible for a refund of all or part of the land transfer tax. The HST applies only to newly constructed or renovated homes but does not apply to resale homes or condos.
You must pay very close attention to all aspects of your potential mortgage. Always work with your mortgage provider before making any decisions.
Your lawyer is an essential member of your Real Estate team. They are there to protect your interests and your bank account. Check with your lawyer during the process, so there will be no surprises on the closing day.
I have a number of great resources if you are interested in condo living or seeing if condo living is for you.
Buying a home during Covid in Ottawa has changed dramatically over the last year. I am here to help you navigate the process and provide you with the necessary knowledge you need to safely purchase your home.
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