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Brampton Real Estate home

Buying 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 an 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
First Home

     Why hire a real estate sales professional?    


    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



Mortgage Affordability A Canadian Mortgage Company





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