Meet with a mortgage lender and ask if you can get a pre-qualification quote. Many will have no problem running a credit check for you and will run your budget through a calculator to determine approximately how much home you can afford. We suggest getting a couple pre-qualification quotes, from banks, mortgage brokers and credit unions. This way when the time is right you can make clear, well informed decisions, over who to use to finance your home.
Do you and your partner make under $120,000? Starting September 2nd, 2019, you can apply to finance a portion of your home through the Government of Canada in a no-interest equity loan. Learn more about the First Time Home Buyer Incentive here
2. Know What you Want
Make a list of what you need and want in a home. Now compare the two lists. Are there some things on your "want" list that you can do without to make the deal happen? This takes some careful thinking and planning for most first time homebuyers because the first time you buy a home you are usually faced with limited finances. What's on the market as an entry-level may not have all the bells and whistles that you are looking for so it's important to know what you can live without and what you can't.
3. Get Professional Representation
Hiring a real estate professional will ensure that each step in the home buying process is as stress-free as possible. We will be able to provide you with essential market information and recommendations on ideal properties that fit your criteria.
4. Be Objective
Often enough, people get emotional when purchasing their first home. It is important to keep an objective state of mind and think with your head, rather than your heart. Does this home really meet your requirements? Unless you absolutely have to move in a certain time frame, there is no need to make a hurried decision that you will regret.
5. Get a Home Inspection
Acquiring the services of a professional home inspector can save you thousands of dollars in the long-run. A home inspector will evaluate the home and reveal any repairs or damages that need to be fixed. Being aware of any structural damage to the home before closing will prevent you from being liable for any repairs in the future.
6. Listen to your lawyer
An often underutilized member of your home buying team is your real estate lawyer. It's his job to ensure all "I"s are dotted and all "T"s are crossed. Any paperwork mishaps, issues with finances, or other problems that arrise, often happen in their office.
Your home isn't technically your home until he, or she, hands you the keys.
MLS®#:N4643403 Status:For Sale Type:Residential Community:Historic Lakeshore Communities - Georgina
Great Starter, Retirement Or Investment Property. Charming 2 Bedroom Open Concept Bungalow On A Mature Fully Fenced 63.68\' X 146.37\' Lot. Newer Kitchen With Quartz Counters, Newer Shingles And Windows, Low Maintenance Vinyl Floor Throughout, Modern Neutral Decor And Spacious Driveway On A Quiet Street Only Steps Away From Lake, Park & Marina.
MLS®#:N4671560 Status:For Sale Type:Residential Community:Pefferlaw - Georgina
Lovingly Maintained Home In Quiet Neighbourhood Just Steps To The Lake. Perfect Starter Home Or For A Small Family. 22\' X 28\' Partially Insulated Garage/Shop With 60Amp Service And 9\' Wide Doors. New Roof On Home & Garage (2015), New Water Heater, Reverse Osmosis Water Filtration System. Newer Appliances (2017)
MLS®#:N4661320 Status:For Sale Type:Residential Community:Pefferlaw - Georgina
Perfect Starter Home In The Heart Of Pefferlaw. Well Kept 2 Bedroom Bungalow With Updated Bathroom And Full Basement! Beautiful & Mature 70X250 Ft "Park Like" No Homes Behind. Enjoy Ultimate Privacy While Relaxing On Brand New Back Deck! Quick Access To Highway 48, Walking Distance To Park, Library, Across The Road From Pefferlaw Skating Arena And ....More details
MLS®#:N4644925 Status:For Sale Type:Residential Community:Pefferlaw - Georgina
1500-2000 Sq Ft
Gorgeous Custom 3 Bedroom 3 Bath 2 Storey Brand New 1500 Sq Ft Home. Fully Open Concept House With An Amazing Master Bedroom, Giant Walk In Closet And Master Ensuite. Mins From All The Amenities And 404. Country Living At Its Finest
Home Sweet Home In Sunderland! Absolutely Charming Family Home. Character Galore With Wood Floors, Staircase & Original Trim. Remodelled Thru-Out! Lovely Kitchen With Island Open To Dining With Pass Thru To Cozy Family Rm With Gas Stove. Sitting Rm Or Office With 2 Pc Powder Rm. Nice Front Foyer. 3 Bdrms With Stairs To Loft. Partially Finished Lowe....More details
MLS®#:N4653379 Status:For Sale Type:Residential Community:Historic Lakeshore Communities - Georgina
Charming Brick Bungalow In Willow Beach With Private Dock For Street Association. Great Starter Home With Wheelchair Ramp. Nice Sized Mature Treed Lot With Fenced Backyard. Open Concept 2 Bedroom Home With Main Floor Laundry Room & High Concrete Crawl Space. All Appliances Included. Natural Gas At Lot Line.
MLS®#:N4563607 Status:For Sale Type:Residential Community:Beaverton - Brock
Location, Location!! Lovely 2 Bdrm Home. Over Half Of An Acre Lot On Town Services, Backing Onto Green Space , Steps To Lake Simcoe And Minutes To The Marina. Oversized 1 1/2 Car Detached Garage Plus Large Shed For Additional Storage.