So you've decided that you want to purchase a home, that's a GREAT step!
Owning a home is an exciting step, and an excellent investment in your future. It is also a great way to build the financial security for your family. But this process requires careful planning and taking the correct steps to ensure success and make you a happy homeowner. Let's go through what's necessary:
Debts, loans, and credit card balances have an impact on your debt-to-income ratio and consequently the mortgage amount that you will qualify for. It is best to pay off your outstanding credit card balance or keep it below 30% of the credit limit. The less cards with balances on them, the better, so combine the spending on one or two cards. Minimize other debts and try to pay off all large loans (i.e. car, student loans, etc...). Inquire about your credit score, and fix any credit errors quickly if something seems incorrect on the credit report.
Start saving for a downpayment. A minimum downpayment of 5% is typically required, but a larger percentage may be needed depending on your profile and the financial lender's criteria.
It is best to understand how much you can afford prior to starting the home search. Save yourself the frustration from finding the perfect home but being unable to secure a mortgage within that price range. Shop around the different lenders, and get a good understanding of the available financing options. Get the mortgage pre-approval in order to understand the price range to search within, and to be ready when you find the home that you want. Most pre-approvals are good for 90 days.
Buyers that are involved in a real estate transaction without enough knowledge often feel dissatisfied. To be a happy homeowner and to avoid buyer's remorse, you must take the necessary steps to prepare yourself. Home ownership is likely your largest investment, and good preparation and getting help is vital.
My commitment when working with you to buy your dream home is to exceed your expectations.
Connecting and understanding your needs and giving you the advice that you can count on is my top priority.
Working with you is about being your consultant, and assisting in making your life easier and the buying process simpler.
I strive in keeping my clients updated and informed, and making sure that I can be easily reached at any time.
Beyond promoting and protecting your best interests, I am dedicated to building lifetime relationships.
My goal is to help you make the right decisions, educate you along every step, and familiarize you with the real estate transaction.
Furthermore, I endeavour to ease the burden and duration of the entire process, and put more money in your pocket. I am devoted to getting you the lowest possible price, with the best possible terms, in the shortest amount of time. My familiarity and knowledge of the local real estate market is a key factor in our success and helping you achieve superior results. Even during market fluctuations, we will apply corrective strategies to ensure that you find the desired property at a reasonable price. You will leverage my sales experience, strong comparative analysis, strategic negotiations, and detailed property searches. I am also well-connected with many other real estate salespeople who have access to many motivated sellers. Whatever the property type that you desire, I will be by your side to help you find what meets your needs. As a highly-trained and active REALTOR®, I have confidence in my ability of finding you the perfect home.
Call or email me and let’s talk. I will be more than happy to discuss and answer any questions that you may have. Let's make your dream a reality!