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YOU CAN WAIT TO BUY Real Estate OR YOU CAN BUY REAL ESTATE AND WAIT

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If you are renting and are thinking of buying, it may seem overwhelming. You may wonder if you can afford it, worry that you do not have enough down payment, you may not even know where to start. The following are some helpful tips to help you start the process. 

Get Pre-Approved 

There is a big difference between being Prequalified and being Pre-Approved. 

Anyone can be pre-qualified. Being pre-approved means, a lender has taken a look at your financial information and they have let you know how much you can afford and how much they are willing to lend you. Being pre-approved will save you time and energy so that you are not looking around at houses you can not afford. It also gives you the opportunity to shop around for the best rates. 

First Time Buyers Incentive Programs 

The First-Time Home Buyer Incentive helps first-time homebuyers without adding to their financial burdens. Eligible first-time homebuyers who have the minimum down payment for an insured mortgage can apply to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada. Visit the First- Time Home Buyer Incentive for more details. 

Find a Real Estate Professional You Trust 

Once you have your pre-approval, you are ready to sit down with a Real Estate professional to discuss your “Must Haves” and you “Nice to Haves” when it comes to your future home. Your agent will start your search for you based on your desires. You will go out and look at homes until you walk into “the one”, and you will know it when you see it! Your agent will help you prepare an offer on the property and negotiate the best terms in your favour. 

Factor in Closing Costs 

Aside from your down payment, you will need to factor in closing costs. Plan for approximately 1.5% of the price of your home. There will be lawyers costs, land transfer tax, home appraisal and inspection, title insurance etc.. 

Don’t let the thought of owning your own home scare you. Even if you don’t feel ready today, with a goal and a plan to reach that goal, it is possible! I can help you navigate the steps you need to take to make the dream a reality. If you have any questions at all, I would be happy to sit down with you and get you started on the road that will lead you to your first home. 

Susana Medeiros 

345 Steeles Ave E, Milton, ON L9T 3G6 

647.407.5540 | [email protected]

Susana Medeiroshttps://familymattersmagazine.ca
Married almost 25 years and mother of three, Susana is passionate about family, community, and small business. After a very difficult life-stage, she was forced to re-invent herself, personally and professionally. Family Matters Magazine was part of an effort to combine all of her passions into a new career/business opportunity. Susana strives to balance family and work to the best of her ability. Although her children are grown, she still puts focus on daily home-cooked meals and family dinners at the table, almost every night. Being at a later stage of parenthood, she is learning to take more time to explore her own interests and is enjoying more time with her husband as their children become more independent. Professionally, Susana has partnered up in various community projects including The Mom Show. She enjoys encouraging mothers to recognize their potential, as women, outside of motherhood. Ninjamom is personal project that is in it's early stages. It is a movement to empower mothers to practice self-love and self-care without the guilt. Susana has over 25 years of marketing, advertising and sales experience. She works diligently to promote clients in their community both organically and through the online and print publication of Family Matters Magazine.

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