First Time Buyer

Buying

Selling

Miscellaneous

Incentives

Home Buying Steps

Making an Offer

About The Offer

Choosing a Realtor

New / Resale / Foreclosure

Common Mistakes

Search Considerations

Rental Investments

Selling Strategies

Preparation

Before you Sell

When to Sell

Buying Secrets

Listing Secrets

Checklists

Closing Costs

Advice Summary

1. Ensure you have an adequate down payment & closing cost funds
2. Get pre-approved for a mortgage (vs. pre-qualified)
3. Find an agent who works as a advisor, not a salesperson
4. Make your agent work for you
5. Using the listing agent may have drawbacks

6. Buy what you are comfortable with, not what the bank allows
7. Your agent should help you evaluate repair issues in every home you view
8. Only make an offer after evaluating the market comparables
9. Beware of Industry Secrets
10. Consider using Government sponsored first time home buyer programs

    Ownership Considerations

• How long will you live in the home (future plans/resale/family growth)
• Short term ownership (job transfer) could result in loss of money (low appreciation).  Home in the GTA on average appreciate 5% per year
• Do you have a good credit history
• Are you financially ready for the mortgage commitment and house upkeep/maintenance
• If you are unable to make mortgage payments, the bank can re-possess your home

    Buying Risks & Responsibilities

• Maintenance/Repairs – ongoing upkeep cost or condo maintenance fee
• Long Term Investment - Buying and selling within a short period of time could incur costs if the property hasn't significantly increased in price or due to real estate fees
• Depreciation – A decline in value due to ageing, wear and tear OR due to a reduction in demand for homes due to economic conditions
• Financial Responsibility – monthly mortgage payments & maintenance