When buying your first home, there are many aspects to
consider. For example, downpayment,
location, transportation routes and whether or not to buy a condo or a freehold
property. Furthermore, the excitement can be overwhelming if you don’t do your homework to ensure that your new home will fit your lifestyle.
Here are few points of interest to help new homebuyers through the
process. For more information, please visit our website. MyDaddyHomes
1)
Determine how much you can afford.
a. Speak with a financial representative either a
mortgage broker or your local bank mortgage specialist. They will help you
determine how much money you can comfortably afford. Please remember that you have to qualify on the
fixed mortgage.
2)
Choosing the type of home
a. The home in which you will eventually live may
depend upon your lifestyle. For example, living in the suburbs or living in the
downtown core. Do your diligence, through local papers, magazines, website, family
and friends.
3)
Speak
with a Real Estate Professional
a. A Realtor has experience in the daily activities
of looking for properties, offer reviewing & presentations, negotiating,
and other activities. Expert advice is
needed because this purchase will be one of your largest in your lifetime.
a. A real estate lawyer is of the utmost importance
in this type of transaction. They will
review the offer and inform you about any issues regarding title of the
property. Lastly, towards the end of the
transaction he/she will determine how much funds you require to close the deal.
5)
Enjoy the experience
a. As the first time home buyer, enjoying the
experience of home ownership is an experience that has to be felt. Work alongside your Realtor, inform them about everything you are looking for. The more information they have the better off for both parties.
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All the best,
MyDaddyHomes
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