Home Buyer Readiness & Preferences Checklist

Home Ownership & Living Situation

• Is this your first home purchase?

• Are you currently renting?

• If yes, have you signed a lease?

• When does the lease term end?

• Do you currently own a home?

• Will you need to sell it to use the proceeds for your next purchase?

Financing & Deposit

• Have you been pre-qualified or pre-approved for a mortgage?

• Can you access funds quickly to cover a deposit once you’re ready to make an offer?

• If you are a non-resident of Canada, do you have sufficient funds in a Canadian bank account to cover your down payment?

• In whose name(s) will you be purchasing the property?

Lifestyle Considerations

Do you require easy access to any of the following?

• Public transportation

• Schools

• Shopping

Condominium Considerations (if applicable)

• Would a “no pets allowed” policy be an issue?

• Do you require designated parking?

• Is a storage locker necessary?
  
  

Potential Deal Breakers

Would any of the following discourage you from purchasing a property?

• Urea formaldehyde foam insulation (UFFI)

• Vermiculite insulation (may contain asbestos)

• Aluminum wiring

• Swimming pool

• Backing onto a train track or major road
  
  

Close proximity to:

• Hydro towers

• Wind turbines

• Ongoing or upcoming construction/development

• Commercial or industrial zones

• Additions or renovations done without proper permits

• A secondary suite (apartment) that may not meet local zoning or safety regulations

• Hot water or baseboard electric heating

• A heritage-designated property

• Evidence of pets previously living in the home
  
  

Psychological Stigmas

Would any of the following affect your willingness to purchase a property?

• Known criminal activity (e.g., marijuana grow-op)

• Natural death on the property

• Suicide or murder on or in the property

• Alleged paranormal activity

• Neighbourhood factors (e.g., group home, daycare center, etc.)
  
  

Must-Haves or Deal-Breakers

Are there any specific must-haves or must-avoids that would influence your decision to buy?

PDF - https://drive.google.com/file/d/1USPKP65jkw-drvr62CnJqNHcJ9WXx47y/view?usp=drive_link