HEY FUTURE HOMEOWNER.
What an exciting time, looking for your next home!
Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, it's important to ensure that you are financially and mentally prepared for the responsibilities that come with home ownership.
Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.
Whether this is your first home purchase, or your tenth.
I will walk you through step by step, and we will make a plan together.
Questions to ask before you take the leap
Are you ready?
There is often never a perfect time. However, owning your own home is about more than just being able to decorate any way you like; it’s about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It’s about being willing to take the risks of home ownership with a realistic expectation of the rewards.
What can we afford here?
It can be discouraging to find that your salary won’t stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It’s better to buy a modest home now and look at purchasing your “dream home” in a few years.
WHAT DO YOU WANT?
Do you wince at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighbourhood where everything is ‘just so’? The answers to these questions can help you narrow down the search for the right type of property for you.
STEPS TO BUYING A HOME
Buyer Preferences form
Mortgage Calculator
* This calculator is for illustrative purposes only. Actual amounts may vary and will depend on various factors including credit history, additional fees, and other variables. Please consult with a qualified mortgage professional for accurate quotes.
Preparing for home ownership requires you to take stock in your financial position and expectations.
I'm here to handle the complicated details of negotiation, market conditions, government regulation, and paperwork.
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