The Best Advice for Calgary First-Time Home Buyers
- August 17, 2018
- By Cody Battershill
What is the Best Advice for First-Time Buyers?
Buying your first home is a really exciting experience and something to be proud of. Let me be one of the first to say congratulations to you!
But remember... home ownership is also a very serious financial commitment. You'll want to take your time as you work towards finding a home that fits your goals and criteria.
After all, your first home purchase may be the largest one you'll make up until this point in your life. There's no rush... so don't let your excitement fast forward the process.
Slow it down, and you'll make the best decisions... as long as you are getting the right advice and working with the right team as a first-time home buyer!
3 Critical Steps in Buying Your First Home
- Having your finances in order
- Getting the right advice
- Working with the right team
#1 - Having your finances in order
Ah, yes... money, the thing you need a certain amount of to even begin thinking about home ownership for the first time. If you're thinking about buying your first home, chances are you've got some cash saved up already and have done some research into certain home products with varying price points. That's all good!
The best thing you can do, however, to make 100 percent sure that you're browsing the right properties is to get a mortgage pre-approval. Doing so will give you the most accurate idea of what you can afford given your current financials.
You'll also want to consider additional costs such as hiring movers, utility account fees and others of the sort. See an in-depth list of Additional Costs When Buying a Home in Calgary.
Not sure about what you need to apply for a pre-approval? The article below details the process and what the Royal Bank of Canada has on its list for documents you'll need handy.
#2 - Getting the right advice
Getting the right mortgage and best rate for your circumstances is important! A difference of even 0.1% interest can cost you thousands of dollars over the term of your mortgage.
You need someone who will take the time to make sure all of your questions about mortgages, market dynamics and prices to name a few examples are answered - and that you're 100 percent satisfied with the details.
If an agent is short with you or unwilling to put in the time to answer your questions, look for another. You need to be fully informed so that you can make the best decisions that fit your wants, needs and lifestyle best.
When it comes to finding the right home, feeling comfortable about it and making the big decision to write an offer, it's critical you work with an experienced REALTOR® in Calgary.
This professional should educate, support and help you reach your goals in an honest and service-focused manner. This is your big move and don't ever forget that you're the boss!
Your REALTOR® works for you and should be helping you make your first home purchase a breeze by taking care of all the details for you while having your absolute best interests at heart - at all times.
Calgary First-Time Buyers - Get the Best Advice Today!
As an experienced REALTOR® and top-producing REMAX real estate agent in Calgary, I've helped many first-time buyers find their perfect dream home and would love the opportunity to do the same for you.
Call me anytime at 403-370-4180 or send a message using the form below if you have any questions or would like to discuss your plans. I am looking forward to helping you accomplish your real estate goals!
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