Confirm your numbers - projected rents vs expenses. Reanalyze!
Review comparables in your area to pinpoint a final price.
Review the sales history of the home you are planning to purchase – this report can tell you a story about the property and how motivated the sellers are.
Get your mortgage approved and your property appraisal done!
Inform your property manager.
Get your home insurance policy quote in place.
Review the current tenancy schedules - if applicable.
Call the city – confirm no issues from their end. i.e., illegal suites.
Confirm property conditions and any updates required. For example: Hot water tank, HVAC, roof, plumbing, electrical, cosmetic work, etc..
Review all documents including purchase, strata, title, disclosures, and more.
Inform your legal team of your new purchase.
Conduct your home inspection – confirm no deficiencies.