5 Tips For First Time Homebuyers
👇 Here are my top tips that every first-time home buyer should be hearing.
😎Number one, seek out a 📃 mortgage preapproval.
😀This will give you an idea and a better understanding as to what your budget looks like, what you can afford.
And it also helps to demonstrate financial readiness. 💰
👉Number two, determine what your criteria is.
What are your must-haves and what are your nice-to-haves.
🤩So your must-haves are items that are non-negotiable that you're not willing to compromise on, whereas your nice-to-have is a bit more of a wish list.
These are desirable features that you're ideally looking for in a home. 🏡
➡️ Number three, work with a real estate professional whom you trust.
🙌A REALTOR® is there to help provide guidance, to help negotiate on your behalf, and essentially just be a teammate who is there to help you navigate this journey that is finding a home. 🤝
💎Number four, understand that there are closing costs involved in the transaction.
🔑So these costs are in addition to your down payment and they include such things as land transfer tax, legal fees.
I always tell clients to budget about 1.5% of the purchase price of the home in closing costs. 💼
Number five, make sure to have fun. House hunting and searching for your first home is definitely an exciting process and journey, and one that should be enjoyed. 🏠😄
👀And as always, if I can help you achieve your real estate goals, it would be my absolute pleasure to help you along that journey.
I'm Melanie Giray with the Hamre Team and RE/MAX Affiliates in Ottawa, and we'll talk to you soon. 📞
Take care. 👋