From Pre-Approval to Possession: What Every First-Time Buyer in BC Should Know

Buying your first home is one of the most exciting milestones in life, but it can also feel overwhelming. As a first-time buyer in British Columbia, understanding each step of the home buying process can help you feel more confident and prepared. In this guide, Fraser Valley Realtor Omeed Ghafori walks you through every phase of the journey—from getting pre-approved to receiving the keys to your dream home.

Step 1: Get Pre-Approved for a Mortgage

Before you start browsing listings, getting pre-approved gives you a clear understanding of your budget and makes your offer stronger in a competitive market. Work with a mortgage broker or lender to determine your buying power based on income, debt, and credit score.

Tip: Aim to get a mortgage pre-approval letter to show sellers you're serious and financially ready.

Step 2: Work with a Trusted Realtor

Partnering with a knowledgeable local Realtor like Omeed Ghafori ensures you get expert advice, access to new listings, and skilled negotiation on your behalf. Omeed's in-depth knowledge of South Surrey, White Rock, Cloverdale, and the Fraser Valley makes him an invaluable guide for first-time buyers.

Step 3: Identify Your Needs & Wants

Create a wishlist to help narrow down your options. Consider:

• Location (commute, school catchments, lifestyle)

• Home type (condo, townhouse, detached)

• Number of bedrooms/bathrooms

• Budget flexibility

Pro Tip: Think long-term. Will this home suit your needs 3-5 years from now?

Step 4: Start Your Home Search

Your Realtor will help filter listings that match your criteria and budget. Visit open houses, book private showings, and ask questions about the home’s condition, neighborhood, and potential resale value.

Step 5: Make an Offer

Once you find "the one," your Realtor will draft a competitive offer, including subjects (conditions) like financing, inspection, and title review to protect your interests. In a hot market, you may need to act quickly.

What Are Subjects? Subjects are conditions written into your offer to give you time to confirm financing, perform due diligence, and avoid surprises. Removing subjects makes your offer firm.

Step 6: Due Diligence & Subject Removal

During this period, you'll finalize mortgage approval, complete a home inspection, and review strata documents or title search. If everything checks out, you remove subjects and move forward.

Step 7: Finalize Financing & Close the Deal

With subjects removed, you’ll provide your deposit and your mortgage broker will work with the lender to finalize paperwork. You'll also choose a notary or lawyer to handle conveyancing.

Step 8: Possession Day!

Once the deal is closed and title is transferred, you receive the keys to your new home. Congratulations!

Final Thoughts from Omeed Ghafori

"Helping first-time buyers is one of my greatest passions. I believe in educating my clients at every step, so they feel empowered and informed throughout the process. If you're ready to take the leap, let's connect."

Ready to buy your first home? Contact Omeed Ghafori, award-winning Fraser Valley Realtor at Century 21 Coastal Realty.

📞 778-316-7506
📍 www.OmeedGhafori.com

Stay tuned for more expert advice, market updates, and helpful resources for buyers in BC!