How to make your dream come to reality? The following is a summary of the essential steps and things important to consider when planning one of the most important events of your life – the purchase of your first property. As a buyer, you have some homework to do. It’s definitely going to be a very useful and note taking worthy reading!
As with any project, the success of buying first home begins with a thorough assessment of your needs. Once you understand what your needs are and what you plan to do in the medium to long term with the property, it will be easy to narrow down the choice of type and location. This is a very important step and a thoughtful reflection on the subject should be done as conscientiously as possible to maximize satisfaction from the transaction in the long-term after the purchase. If you lack inspiration or experience, do not hesitate to contact me, or the agent you trust, to get leads on the topics of reflection that will lead you to good questions and good answers. Here are the things to be determined:
You delve into a subject that, at first sight, seems complex and confusing. But once you understand the stages that make it up, you will see how easy it is to manage it, especially when you have a great set of tools available online or an experienced real estate professional like myself on your side. Start by estimating the maximum amount of mortgage loan you may qualify for. This amount depends on your personal or your family income, your credit history and the level of indebtedness. Once the approximate amount has been determined, you add your savings, or the sums invested in the RRSP for the purchase of your first real estate property. In this way you determine the “ceiling” or maximum budget.
However, buying a home should make you happy and not bankrupt you. Thus, to determine the “comfortable” or optimal mortgage amount to be contracted, it is useful to estimate the following additional expenses:
After doing your homework, with or without my help, you will need a professional opinion on the feasibility of your project. I will “put on” professor’s hat and I will make corrections to your work. I will go through every detail and adjust them as needed to bring them closer to reality. This way you will benefit from an impartial and objective advice on the key points of your endeavor to determine its feasibility:
Despite your level of competence on real estate market and current stage of your real estate transaction, I will be happy to assist you in the process of its realization. Don’t hesitate to contact me, I’ll be happy to meet you and help take a step toward making your dream come true!
Regardless of whether you buy real estate for the first time or in the third, my services will help you in carrying out a real estate transaction at every stage. You will receive the most relevant and updated information, allowing you to make the right decision in any particular situation.
Although each case is unique and always addressed individually, there is always a standard procedure on how the purchase process usually goes. All of my clients can expect the following services:
In addition, I will guide you through the process of estimating work when needed and refer you to professionals in the field of construction and renovation that will meet your expectations. You can send me your questions and concerns at any time during the purchase process and I will be happy to offer you a better service, you can buy the house of your dreams without any trouble.
