Buying a home can be overwhelming, but more so when it is your first home. Here are our top 5 tips for first time home buyers:
#1. Get Pre-Approved. Mortgage Pre-approval demonstrates you are a serious buyer and allows you to move forward with an offer in your price range.
#2. Figure out what is most important to you. And what is non-negotiable. Be it country living or city, large kitchen, 2 bathrooms, etc. This makes the search easier for the buyer and your buyer agent.
#3. Use an experienced Real Estate Sales Representative who knows the area and the market. It is not only important to have an experienced agent, but one that you feel comfortable with and you know they are working hard in your favour.
#4. Ask your agent what the closing costs will be and understand land transfer tax and the use of your RRSP’s for a downpayment.
#5. Be patient. In this hot market, homes come and go on the market quickly and sometimes with multiple offers. The right one will come along!
Contact Karen and Betty Ann for more helpful information for buyers or sellers! We are always here to help!