Calgary Real Estate Agent Miranda Moser

Easter Seals

This guide should provide first-time home buyers with some important information they may need to initiate and complete the home buying process. The information provided, will help ease the stress and complication of buying home, especially if you are a first-time home buyer.

1. Pre-qualification

Gaining pre-qualification means that a lender (mortgage broker, banker) will endorse you for a mortgage of a specific value. It is important to get pre-qualified because you will know what your price limit is and you will focus your energy on homes that you are able to purchase. Also, you will not be disappointed by the possiblity of being rejected for a mortgage on a home that you like. Finally, you could save money on home buying services like home inspections if you know you are not able to purchase the property.

2. Set Your Home Shopping Priorities

Most buyers do not get everything that they want in their new home. Set your priorities before you look at properties. Ask yourself questions like:

What is my price limit? What does my new home need for me to be content? What neighborhoods am I interested in? What features of my new home am I willing to do without?

Write your priorities down and present this to your realtor so that she/he understands what type of home you are looking for.

3. Know About Closing Costs

Closing costs can be as much as 2.5% of the home. Be knowledgeable about closing costs so that you can set money aside for them. Closing costs include such items as lawyers fees, home inspectors fees, fire insurance, utility hookups, a Real Property report. If you have any further questions please do not hesitate to contact me.