Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - I'm a first time home buyer... I need to ask you anything

Winsor_Pilates · 04-06-2009, 08:45 PM

I agree with Slava, figure exactly what's most important to you. Things like Location, size of home, # of rooms etc should be things you've pretty much decided on before a realtor is even involved. The more information like this you can give your realtor, the better job they can do of finding the perfect home that fits you. A good realtor will ask a lot of questions about these things too so they can find you the best possible options.

I would also look very closely at how much you want to pay each month for a mortgage and decide your budget. This may be, and should be less than what you can be approved for. I would advise against maxing out, as it can be very draining on you to dedicate so much of your $$ to mortgage payments.

Also consider other costs you will have to incur such as moving expenses, new furniture, lawyer fees $ GST if you buy brand new. Leave some of your savings aside for these since they can't all be incorporated into your mortgage.

First rule of buying a home, location location location! Be picky with your location; the right house in the wrong area when never feel right, even if you love the inside.

04-06-2009, 08:45 PM	#8
Winsor_Pilates Franchise Player Join Date: Mar 2005 Location: Van City - Main St. Exp:	I agree with Slava, figure exactly what's most important to you. Things like Location, size of home, # of rooms etc should be things you've pretty much decided on before a realtor is even involved. The more information like this you can give your realtor, the better job they can do of finding the perfect home that fits you. A good realtor will ask a lot of questions about these things too so they can find you the best possible options. I would also look very closely at how much you want to pay each month for a mortgage and decide your budget. This may be, and should be less than what you can be approved for. I would advise against maxing out, as it can be very draining on you to dedicate so much of your $$ to mortgage payments. Also consider other costs you will have to incur such as moving expenses, new furniture, lawyer fees $ GST if you buy brand new. Leave some of your savings aside for these since they can't all be incorporated into your mortgage. First rule of buying a home, location location location! Be picky with your location; the right house in the wrong area when never feel right, even if you love the inside.