Buying a home for the first time can be tricky business, but that’s okay! There are a few things you need to be mindful of, but rest easy knowing that I’ll be there to help you each step of the way.
If you’re considering buying your first home, be sure to watch out for these mistakes that could make the process more difficult.
1. Not interviewing at least three agents to find the best one for you.
Realtors are not a one-size-fits-all deal. It’s important to meet with various agents to discuss your needs, and find the person who suits those needs best.
Read their reviews, speak with their previous clients, and go with someone you can really trust!
2. Involving too many family members in the decision process
When buying your first home, it makes sense to want input from your friends and family — but be careful!
Everybody tends to have an opinion, and it might not reflect what you really want, or your best interests.
3. Emptying your savings
There’s more to buying a house than simply paying a mortgage.
It’s important to be prepared for the financial costs of a down payment, closing costs, moving expenses, property taxes and so on.
4. House hunting before getting pre-approved for a mortgage
When you decide to buy your first home, it’s fun to shop around and imagine yourself in a home that may be beyond your means.
Be very careful of this, and make sure you’re aware of exactly what your realistic price range is, and shop within it.
5. Not taking advantage of first-time buyer incentives
Ontario provides plenty of first-time buyer programs and incentives that can make the home-buying process that much easier, and even save you money. Let me help you get the most out of these programs!
If you’re looking to buy or sell, I’d love to chat!