Buying Your First Home - The First Step
Purchasing a house is one of the most important financial decisions you will make in your lifetime. It is a lifestyle as well as an investment that you are choosing. Before you even get in the car to preview homes, there are some important decisions to make!
The first step is to determine your financial threshold. There is no point in viewing homes that are completely out of your price range; it just leads to disappointment and frustration. When shopping for a mortgage, and I do mean shopping, make the rounds and speak to several agencies, from chartered banks, credit unions, and mortgage brokers. You can negotiate on rates! Let me know if you need some recommendations for professionals to approach. Your mortgage is not the only financial consideration to make. There are costs involved in purchasing and moving, and it is important to be cognisant of every expenditure, from property transfer taxes to legal fees. Let me know if you would like me to send you a list of probable costs.
Once you have determined how much you have to spend, your next step is to decide the TYPE of dwelling you wish to purchase. Will you be looking at a condo, townhouse, duplex, manufactured or single family dwelling? Each implies a certain lifestyle. Here’s where we need to sit down and discuss the “Bear Necessities” of what your chosen lifestyle will look like, because once you have chosen your style of home we need to determine the neighbourhood it will be located in.
The neighbourhood you choose could be your home for many years to come so it is important to assess your current needs as well as projecting needs for the future. Will you be needing access to schools, transit, shopping, etc. It is also important to understand what the community plan is; if there are any changes planned, zoning restrictions, etc. I have a Needs Assessment Questionnaire available if you need some help in the decision-making process.
The Concierge Service at Luxury Houses Victoria has been developed to assist you from the very first inkling that you are ready to enter the real estate market. Our vision is to create an exceptional client experience for you, our client. From finding professionals along the way to handing over the keys to your first home, our mission is to achieve a seamless, stress and worry free experience from beginning to end.
I can’t wait to get started! Call me to chat about your future! 250-588-1343
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