Buying your first home can be a daunting experience. For many, the real estate world is complex and confusing, and it’s tough to know where to start when you’re ready to search for your first home. Most agents will tell you that a pre-approval is the 1st most most important thing to consider for first-time home buyers so they understand what they can afford. Having this knowledge will make the entire home buying experience easier and less stressful. In order to do so, you must make sure you have a mortgage broker who will work for you and has reviewed all of your documents so that you know how much purchasing power you have. If you don’t know who would be the best mortgage broker to use, don’t worry because most often times your agent will have a mortgage broker for you.
Making a list and checking it would be the 2nd most important thing to consider when it comes to buying your first home, your list should include must-haves and would-be-nice. This list will come in handy when viewing homes, especially if a particular property shows well to you but doesn’t have things that matter most to you.
Home inspections, the 3rd most important thing to consider when buying your first home. Home Inspections are key, especially if buying an older home. If a problem pops up during your inspection, it’s always a good idea to take a closer look, because you don’t want to find our after the sale that there is thousands of dollars worth in damage.If a flaw is discovered during your home inspection, use it to your advantage. You might be able to use it during negotiations to get a price reduction. Even after inspections, you still have another chance to get a great deal. Staying under budget when buying a home gives you extra cash to add the upgrades and decor you’ve always wanted. A good inspector and agent will be able to assist you with that.
When considering your first home, think of The Hensen Team. Our experience with first time home buyers, we are sure to provide you with the utmost help, professionalism and success on your first real estate purchase. We are just a phone call and email away. Please do not hesitate to reach out to us at your earliest convenience.
The Hensen Team
Lisa and Jason Hensen
A: 7 Livingston Avenue, Grimsby Ontario