Sometimes finding the right home can be overwhelming, let me help you open the right doors to find your dream home
Buying your first home can be a bit frightening but if you work with a professional real estate salesperson it will make the process much easier. I have been selling real estate in Fredericton, N.B. for the past 7 years and I love first time home buyers.
Remember there are 3 things that are very important when buying or selling a house: location, condition and price. If you are buying your first home, don’t fall in love with the owners furnishings, don’t assume you will live in the home for the rest of your life, and do take your time to find the perfect house for you.
Many homes are “staged” to make them more attractive, and there is nothing wrong with that but if you fall in love with the “look”, will it still appeal to you when you get your furniture in?
Life is all about change, and as you go through it you will have different needs. You may have a dozen kids, or your job may take you to another city, whatever. Because of this, location is a key factor. You must always think of resale. Will my home increase in value, and if I have to sell, will I get good market value?
These are all questions you should ask yourself and your real estate salesperson.
I normally do a market analysis of any property I sell, just to make sure it is priced right for the neighborhood.
Plus I always recommend a home inspection to all buyers because a professional inspector can find things that are not always obvious. It costs a bit of money to hire an inspector but it saves in the long run.
Above all, go to a reputable mortgage consultant to find out if you qualify for a mortgage and the amount you qualify for. Many people think they should find the house first, wrong! If you put in an offer on your dream home, you will only have 5 days to get financing approval, and that is not enough time, especially in the present economy, or worse, you find out you are not approved to buy that particular house.
And remember, even if you are pre-approved, you still have to be approved for the specific house you are buying. The mortgage lender wants to be sure the house is worth what you are paying for it.
So, although there are many things to think about, a professional real estate salesperson can walk you through the steps, the paperwork, legal aspects, and help you find the perfect home. Call Frankie at 476-2155.
Apr 03
February 5th, 2010 at 5:58 pm
Hello there.
. However, we are looking too find out if there is a program that will help us with the down payment. The downpayment on this home would be $4,600, taxes are $1,200. Please let us know if there is a way too get help with this. Thanks so much for taking the time too read our message.
Our names our Joseph Caterini & Nicole Smith. We are first time home buyers. We have two little girls, both under the age of 3. We already found a newer mini-home [5 years old, $92,000] that we feel, is just right for us. We have met with the home owner [who is selling the home himself], viewed the house, talked with a realator & specialist. We have our first meeting too see if we are approoved for the mortgage tomorrow morning [saturday morning], how exciting
February 6th, 2010 at 1:10 pm
Hi Joseph and Nicole, it is good to hear from you.
As for your question regarding the down payment, unfortunately there is no program to help with that. However, if you have an RSP, you may use that to help with the down payment. The government will require that you pay it back, but they will allow you to pay it over time.
You stated that you were meeting with a mortgage person today, so I am sure they were able to give you all of this information.
I am also glad that you are talking to a realtor regarding this purchase, it is very important to be represented. Make sure everything is legal.
And, don’t forget to have an inspection done, either by an inspector or someone you know who is qualified to look for problems with the structure, electrical, plumbing etc.
Good luck with your purchase and if you have any questions, let me know.
Frankie