First Time Home Buyers
Never bought a home before and a little bit apprehensive of the process? No need to be. Our Team is here to help!
Because we believe It is always good to know what to expect when buying your first home, we will meet with you face-to-face, walk you through the entire process - letting you know how we plan to help you, answer all your questions and even introduce you to associated professionals who are going to be part of your home buying team. But most of all we want to know you and what you want. It's our aim to find you the best home, in the best neighbourhood you can afford, with as many of the amenities on your "wish list" as we possibly can. And, our job doesn't end there. Right from house hunting to moving day, we are your real estate partners!
If you are a first time buyer and would like to read some more about some of the details of how the transaction works, please feel free to read our First Time Buyers Information in the following paragraphs.
The federal government has a Home Buyers Plan and we've outlined some of the highlights below. For full details, please visit Revenue Canada's Home Buyers Plan.
The First Steps
- The first step in the process is to find out how much you can (or want) to spend on a house.
Talk to someone who can help qualify you for that purchase. We regularly work with reliable Mortgage Specialists from major banks who can come to your home and do the qualification, usually right on the spot. By a simple calculation of adding your downpayment to the amount of mortgage money the bank can loan you, it's easy to determine how much house you can afford. In preparation for your meeting, have copies of either paystubs or T4's ready and summarize what debts you may have (any loans and/or major credit card balances). - Take advantage of the knowledge of professional real estate sales people.
Choose one you feel comfortable with and let him/her help guide you though the process. A full-time agent knows current market conditions, trends, areas and availability and can help you select a home that is right for you. There is no fee to you for using your agent and in 99% of cases, commissions are paid for by the seller of the home. - When you find a home you wish to buy, you will need a lawyer to act on your behalf.
To save you money in the long run, be sure to choose a lawyer who is familiar with real estate transactions. Ask your agent for the names and numbers of 3 or 4 lawyers you can call. Remember that price shouldn't be the only criteria for selection.
More First Time Buyer Info
- Canadian Mortgage Calculator
- How do I Finance my Purchase?
- How Much Mortgage Money Can I Get?
- How Much Will all this Cost?
