Helping First Time Buyers for Over a Decade
Buying a home can be exciting and nerve wracking! Many of my clients are first time buyers in Ontario. Let me make the journey stress-free.
Are you a first-time home buyer? Congratulations! You are about to embark on a very special journey.
Having taken the journey myself and helped many clients do the same over the years, I know exactly how exciting, frustrating, wonderful and scary the entire process can feel. That’s why I am completely committed to not only making your transaction as stress-free as possible, but also fun at the same time!
Let’s get started on your journey by going over some first-time home buyer considerations.
What are your homeownership goals?
Many of my clients are young couples and families who are in the market for their first family home. They want a 3-bedroom, 2-bath house with an attached garage and a yard in the back. But this may not be what suits your lifestyle.
I can help you figure out what kind of property suits your needs best. Maybe it’s that single family home I mentioned, or maybe it’s a condo or a townhouse. Each option has its pros and cons depending on your goals and finances.
Must-Haves VS Wants
First-time homebuyers typically have a lengthy list of what they think are must-haves, but really many of those must-haves are wants. It’s important to be flexible when searching for that first home. You may not have as much buying power as you’d like, but we can do our best to find you a home that fits your requirements.
What are some examples of must-haves and wants? A must-have might be something like a single-story house to accommodate an elderly parent who may eventually move in with you. Must-haves usually refer to layouts, size and neighbourhood, whereas wants refer to style and amenities. You may want cathedral ceilings, and you may want an eat-in kitchen, but do you absolutely have to have them in this first home?
Again, the more flexible you can be, the more properties you’ll be able to choose from. I can’t tell you how many people I have seen fall head over heels in love with homes that didn’t fit their initial “must-have” list.
The surest way to a broken heart is to fall in love with a home, only to find out you can’t afford said home. It is very important to set a realistic budget (and get pre-approved!) before you begin looking at houses.
How much you can afford comes down to what your monthly income is, how much debt you’re carrying, what’s your credit score, and how long you’ve been at your current job. It’s important you get your finances in order before shopping for houses. If you have any questions about getting pre-approved, I am more than happy to guide you through the process.
These are just some of the basics to buying your first home. If you have any other questions about being a first-time home buyer in Ontario like closing costs, down payment information, and home inspections, feel free to reach out to me.
I love working with first-time home buyers very much. That look they get when they finally find the one is priceless.
I also enjoy educating clients on the ins and outs of real estate transactions. My thinking is, the more you know, the better able I will be to help you reach your goals.
Let’s work together to find your dream home.