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First Time Home Buyers
If
you are a first
time buyer the first thing you must do is educate yourself. If you
are reading this then you are definitely headed in the right
direction. Below are a few tips to help you along the way to buying
your first home.
You can also email us for a free
Buyer's Check
List. This covers costs, some traps for
the unwary, a buyers tracker guide, as well as types of loans, how
to estimate what you can afford, etc.
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Join the
Mortgagehelp Information Service. Not only will you learn
a lot, but you can ask as many
questions as you want without having to feel "foolish" or
"stupid". Also register for the
free email
newsletter (Enter your name, phone number, and any
sports, hobbies or pastimes you are interested in, to receive a
newsletter full of tips, finance updates, and interesting
everyday information).
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Get a pre-approved mortgage. This is a good first step in knowing
what size of mortgage you will qualify for and what sort of costs
are involved in obtaining the mortgage. Apply for a pre-approved
mortgage right now.
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Find A Good
Lawyer. Find out what they will charge you to act on your
behalf. Typically they will charge a fee + disbursements.
Email us
(Enter your name, phone number, and what situation you need a
lawyer to help you in) for a list of
recommended lawyers/solicitors in your area.
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Find A Good
Real Estate Agent. You will be relying on this person to show you
the home you will be living in for quite some time so you want
someone you can trust. There is nothing worse than dealing with an
agent that knows less than you do or who tries to push you into
buying every home you see.
Email
us (Enter your name, phone number, and what area you need a
Real Estate Agent in) for a list of recommended Land Agents in your area. State the type
of property that you are looking for and if you have a language
preference.
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If you are
buying a resale home you may wish to have a home inspection
completed! For a few hundred dollars a home inspector will view
the home with you and point out any shortcomings of the house.
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If you are
buying a new home from a builder,
ALWAYS have your lawyer review
the contract before you sign. Builders
can bury extra costs into their offers. Your
lawyer will point these out to you and quite often you can go back
to the builder and negotiate these costs out of the offer. Most
lenders will require a "fixed price" contract.
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When you
are buying a house act like you are at a garage sale. Everything
is negotiable! This is a great time to haggle, you can save
yourself thousands of dollars.
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Consult a
mortgage broker about your financing needs! A good broker will
save you money and help you avoid the headaches involved in
dealing with your bank. They
can also organise
valuers
(Enter your name, phone number, and what area the property is
that you need valued),
building inspections, lawyer etc to save you time.
If you follow
some of these basic tips you are bound to enjoy your new home! Good
luck!
Email us for the definitive
Buyers Guide
(Enter your name, phone number, and when you are looking to buy by) to help you step by
step through the whole process. This is FREE.
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