Buying: Your First Step

Your first step to buying a home is to first ask yourself why you want to buy a home: to stop paying rent? To start building equity? To have a place of your own? To upsize or downsize?

Next, think of what kind of home you’d like and where you would like to be. Be specific. Separate the “needs” from the “wants”.

Consider area (city, suburb, country); community (north, south, east, or west side); neighbourhood (older with character or brand new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Think about the distance you will have to commute to work.

Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Do you want a newer home, or maybe an older one to fix up? Someday you may want to sell - consider how long you expect to live in this particular home.

Your Next Step: Mortgage Pre-Qualification

Once you have addressed the above needs, your next step in the purchasing process is to get pre-qualified with a mortgage company. This can be done over the phone or even online in a matter of minutes.

Call me and I will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for his/her clients.