5 TIPS FOR FIRST TIME HOME BUYERS
Monday Jun 13th, 2022
1. Use an Agent - Call me
Researching the current housing market and home prices on your own is a good way to get started, but it is always a smart move to get help with the buying process. I understand how much is at stake for a first-time home buyer and I’m more than happy to share my expertise and guide you through the process.
2. Consider the Costs
There are quite a number of costs you need to consider with respect to the type of home you wish to buy. Condos for instance have a different set of expenses that a house. Various mortgage options too come with pros and cons, and the amount you pay towards your down payment impacts your monthly interest rates. A mortgage is just one of the costs you need to be aware of. There are many other expenses to consider as well, including utilities, insurance, property taxes, and maintenance.
3. When’s The Right Time to Buy?
There really is no right or wrong time to buy. The time to buy is when YOU are ready. It's definitely a major commitment and one you need to have prepared yourself for, financially and emotionally.
4. Don’t Skip the Home Inspection
You may feel, hen buying a new home or condo that a home inspection is unnecessary. Don't skip the home inspection. That decision will likely cost you down the road with unforeseen repairs that can cost several thousands of dollars.
5. Take your Time
If you are not 100% sure when buying a house or condo, take your time and don’t let anyone pressure you into making a decision. The good thing about a the current market is that it affords you some time to evaluate and look at all angles before making a big decision.