Buying your first home can be a daunting experience. Where do you start? What is the process?
Being in the real estate industry for more than 20 years, I have helped many families buy their first home. One of my first steps as an agent is to ease to the uncertainty individuals may feel.
If you are nervous about buying your first home, here are 4 tips to help you through the process:
- Find a realtor you are comfortable with. Buying a home is a huge decision – financially and emotionally. It’s important to choose a realtor you can trust, someone who will have your best interests in mind.
- Meet with a mortgage broker to guide you along the financial process. A mortgage broker is the middleman between you and the bank. They will help you look at your finances and negotiate a loan with the bank. The broker will give you an amount you can afford – my advice on this would be to spend less than you can afford. You don’t want to be out of money in the case an emergency happens.
- Take time to think about where you want to live. What kind of neighbourhood do you prefer? Can you afford that area? What about school zones? Look at open homes to get a feel for what kind of houses or features you like.
- Don’t look at homes you can’t afford. I can’t stress this enough. Once you look at homes you can’t afford, you won’t like homes you can afford. This usually ends in despair, an emotion that should not be a part of the exciting, home buying process.
The home buying process can be stressful, which is why it’s important to a real estate agent who will carefully guide you through it. If you are thinking of buying a home, get in touch with me today.