6 Smart Habits Every Savvy Homebuyer Should Master in 2025

Buying a home is one of the most exciting—and expensive—decisions you’ll make in your lifetime. Whether you’re a first-time buyer or upgrading to your dream home, knowing how to navigate today’s real estate market can make the difference between a stressful purchase and a successful investment. With rising interest rates, competitive inventory, and new government incentives in Ontario, 2025 is all about strategy.

To help you feel confident and in control of your next home purchase, we’re breaking down six smart habits every savvy homebuyer should master this year.

1. Start With Education, Not Just a Budget

Yes, knowing your budget is important—but understanding why homes cost what they do in a given area is even better. Before booking showings, spend time researching:

• Local market trends in areas you’re interested in

• Typical price points for different property types (e.g., detached vs. townhouse)

• What your monthly carrying costs (mortgage, taxes, utilities) will look like

Buyers who do this homework upfront are more confident when it’s time to make an offer—and less likely to fall for a home that doesn’t align with their financial comfort zone.

2. Get Pre-Approved, Not Just Pre-Qualified

A mortgage pre-qualification gives you a rough estimate of what you might be able to borrow. But a pre-approval is the real deal—your lender reviews your income, debts, and credit history and gives you a written confirmation of how much they’re willing to lend.

In today’s market, sellers (and their agents) are more likely to take your offer seriously if you’re pre-approved. It also puts you in a better position to act quickly when the right home comes along.

3. Think Long-Term About Location

We all love a great kitchen or spa-like ensuite, but those things can be upgraded. Location, on the other hand, is permanent. When choosing a neighborhood, consider:

• Commute times and access to highways or transit

• Local schools, especially if you plan on having kids (or want resale value)

• Proximity to parks, shopping, hospitals, and future developments

Pro tip: Look beyond what’s already there and investigate what’s planned. New roads, schools, or business developments could increase the future value of your home.

4. Don’t Overlook Home Inspection Value

Even in a hot market where waiving conditions is tempting, a professional home inspection is critical. Inspectors can spot issues that aren’t visible to the untrained eye—such as aging electrical systems, poor insulation, or hidden water damage.

If you’re buying a home that’s more than 10 years old, budget for an inspection. It can save you thousands in unexpected repairs—and give you leverage in negotiations if problems are found.

5. Understand Hidden Costs of Buying

Beyond your down payment and monthly mortgage, buying a home comes with several upfront costs, including:

• Land Transfer Tax (plus a possible rebate if you’re a first-time buyer in Ontario)

• Legal fees and disbursements

• Home inspection fees

• Property appraisal fees (if required by your lender)

• Moving costs and setup for utilities or internet

Knowing these in advance helps you avoid last-minute surprises—and ensures your dream home doesn’t turn into a financial burden.

6. Choose the Right Real Estate Professional

A good buyer’s agent isn’t just someone who opens doors—they’re your guide, advocate, and problem-solver throughout the entire transaction. The best agents:

• Help you understand market value and prevent overpaying

• Assist with navigating bidding wars and making strategic offers

• Recommend trusted professionals (lawyers, inspectors, mortgage brokers)

• Keep you informed and empowered from start to finish

If you’re shopping in the Peterborough, Kawartha Lakes, or Durham area, our team offers a combined decades of experience and local insight to help buyers feel confident every step of the way.

The Best Time to Buy Is When You’re Prepared

The real estate market in 2025 may not be the same as a few years ago, but that doesn’t mean your dreams of homeownership are out of reach. In fact, with the right habits and guidance, this year can be a smart time to invest in your future.

Take the time to educate yourself, build a trusted team, and go into the buying process with confidence. Whether you’re upsizing, relocating, or purchasing your first property, a well-informed buyer is always in a strong position.

Need help starting your home search? We’re just a message away.
Contact the Sold by Shearers team today for personalized support and insider knowledge of the Peterborough area real estate market.