Home Buying 101

Home Buying 101

The following information is provided to help demystify the process of buying a home. If your questions are not covered here, please do not hesitate to contact me. As a qualified, experienced Realtor® and full time Broker, I forward to being able to talk with you personally about your real estate needs.

Are You Ready to Buy a Home?

Thinking about buying a home is very exciting. Home ownership can offer many benefits.

Purchasing a home allows you to:

  • renovate and customize your space
  • build equity
  • generate rental income

A few questions to ask yourself to establish whether home ownership is a realistic option for you:

  1. Are you financially stable? In other words do you have a permanent job, steady income, savings and a good credit rating?
  2. Do you have the financial management skills and discipline to manage a large purchase?
  3. Are you willing and able to be responsible for all of the costs that come with being a homeowner?
  4. Do you have the time and money available to devote to regular home maintenance?

Buying a home can be an excellent financial investment when you are financially prepared, select your home carefully, and keep up with maintenance and repairs. If you are hoping to generate revenue by completing a ‘fixer-upper’ project, there are additional factors that need to be considered in your purchase decisions. 

It is Important to get Good Advice

Working with Alex, a qualified, experienced Realtor® and full time Broker, can be extremely helpful because his expert advice can save you a great deal of time, energy and stress at virtually every step in the buying process. Alex will assist in many ways, such as helping you find a Lender, simplifying your home search, providing you with insight about different neighbourhoods and other valuable characteristics of properties - things that may not be so easy to learn about on your own.

This Mortgage Calculator is very helpful to estimate a monthly Mortgage payment . You can also use it to find out how variation in interest rates and amortization periods affect your payments and the total amount of interest you will pay.