We are committed to educating our clients to ensure they acquire the property that’s right for them and their situation.
Here are some tips and information to consider when buying a home:
Determine your budget: Before you start looking at homes, figure out how much you can afford to spend. This will help you narrow down your options and avoid falling in love with a house that’s out of your price range.
Get pre-approved for a mortgage: This will give you a better idea of how much you can borrow and show sellers that you’re a serious buyer.
Research the market: Take the time to research the real estate market in the area where you want to buy. Look at recent sales data, trends, and the average prices.
Make a list of priorities: Decide what features are most important to you in a home, such as the number of bedrooms, size of the yard, and location.
Don’t skip the home inspection: A home inspection can uncover potential issues with the property that may not be visible to the naked eye. It’s worth the investment to learn about the homes condition and possible renovations required in the near future.
Factor in additional costs: In addition to the purchase price, you’ll need to budget for closing costs, lawyer fees, property taxes, homeowners insurance, and maintenance and repairs.
Be prepared to act quickly: In a competitive market, good homes can sell quickly. If you find a home you love, be ready to make an offer promptly.
Negotiate wisely: Don’t be afraid to negotiate with the seller, especially if you uncover issues during the inspection or if the home has been on the market for a while.
Stay patient: Finding the right home can take time, so don’t get discouraged if you don’t find the perfect property right away.
Buying a home is a significant investment, so it’s essential to have the right Sales Representative to help you make informed decisions throughout the process.
Mortgage Advice & Information
One of the first steps in the process of buying your home is finding out what you can afford. Mortgage brokers want to be your source for mortgage advice providing help, advice and ongoing guidance. They simplify the financial side of home ownership.
When you are ready to take the next step, we can connect you to great rates and great convenience. Our partnerships with industry-leading mortgage companies give you access to the financial products that meet your needs and the expertise to provide the best mortgage for you.
Rate
Your mortgage interest rate can either be Fixed for the term or Variable (which changes with the prime rate). The Rate Term is the contract length with a lender.
Amortization
Amortization is the total time it takes to pay off your mortgage in full. New mortgages usually start with an amortization of 25 years or 30 years in Canada.