FIRST TIME BUYERS
It is essential as a first time home buyer in the real estate market that you work with someone who is experienced with first time buyers. First time buyers will usually have more questions than people who have purchased real estate previously. Buying a home is not a simple process, especially when you are not familiar with it. You may not know what price range of properties you can look at, what mortgage payments you can afford, or how the general home buying process works. For a first time buyer, I generally recommend getting to a bank or seeing a mobile mortgage specialist as soon as possible to determine what you can afford and what you are comfortable with paying each month. You can then be ‘pre-approved’, which is the first step to getting you into an affordable home and getting you started in the market.
I can provide the answers to your questions and walk you through the entire process, from viewing potential homes, to making an offer, to setting up mortgage financing. Although buying your first home can be overwhelming, you can be confident that I will be available to help you every step of the way. I enjoy the process as much as you do, and find it very exciting! I still remember buying my first homes and all of the questions that I had. Having a real estate agent that was willing to be available and answer my questions made the process so much easier and calming. This is the same commitment I make to all of my first time buyers, and anyone that I work with.
It is a great investment. With the steady increase in real estate and the limited amount of rental properties in our cities, it is important to get into the market as soon as you can. It is smart to get your foot on the first rung of the property ladder. Chances are you will not be able to start out by buying your dream home, but it is the first step in advancing to that dream and to build some equity to put towards your next home.
You don’t have to worry about getting kicked out or having your monthly payments increased suddenly and permanently. You lock in your monthly payments for several years and your house will generally get more valuable over that time.
Two out of three Canadian families own a home – one of the highest rates of home ownership in the world.