5 Great Tips For First Time Home Buyers

Dated: March 2 2021

Views: 231

1. Determine how much you can afford

This should be first thing you should do. Talk to mortgage professional such as Mortgage Broker and check how much you can afford.

2. Prepare a Budget – Do not forget about the closing costs

There are some closing costs involved such as property transfer tax, lawyer’s fees, moving fee etc. The cost would vary and will depend on the purchase price.

3. Home Buyer's Plan

The Home Buyer’s Plan allows first-time homebuyers to withdraw funds from their Registered Retirement Savings Plan (RRSP) to use towards their first home.

If you have a Registered Retirement Savings Plan (RRSP) set-up, you can borrow money you have saved in this plan to probably use it for your down payment.

4. Prioritize your preference

Based on your affordability, check what you would prefer condo, townhouse, or detached house.

5. Work with great real estate agent

Make sure you work with a trusted & reputable real estate agent. Finding the Right Home starts with choosing the Right Realtor. Once you know the price you can afford & your budget is in place, talk to your trusted Real Estate Advisor to check the prices of the properties in your preferred neighborhood. A Real Estate professional can set up an automatic search for you so that you get a notification as soon as a listing that meets your criteria gets listed.

Please do not hesitate to reach out to me if you need any guidance. Enjoy your home buying experience!

Neeraj Kumar


Real Estate Agent

eXp Realty

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Neeraj Kumar

Neeraj Kumar Real Estate Team is providing their excellent services in Metro Vancouver. Neeraj and his team are here to help families complete smooth & stress free transition. Call at 604-363-2370....

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