If you’re a Millennial, you may think that home ownership is an unattainable goal. But did you know that, according to homeownership.ca, 77% of first-time homebuyers were born between 1980 and 1995? If home ownership is on your mind, it may be a good time to jump into the market. After all, buying a home is a great way to build equity and help plan for your future. If this sounds like you, we have a few tips!
Get pre-approved for a mortgage
Your first step is to get pre approved for a loan, as this will differentiate you from those who cannot seriously commit to buying a home; remember, this is a big investment, and everyone involved (you included) has to be confident in your ability to follow through. You’ll also know what your budget is, and help set a realistic goal for your future home. The Rocca Sisters Team works with the best financial advisors in the industry, and can get your set up with one within 24 hours of your call to us – just give us a shout!
Find your area
Once you know buying a home is in your future and your budget, start looking into what is available in your area, or even outside of it. Depending where you’re living, and what you’re looking for in terms of house character, commutablility, kid-friendliness, pet-friendliness, amenities, or nightlife, you may focus your attention on a specific neighbourhood. This is where a knowledgeable agent can come in very handy. Rocca Sisters buyer agents know our service area like the back of their hands, and have the most up-to-date statistics on demographics, area amenities, and buying trends for a neighbourhood that speaks to your interests.
Use that smart phone!
Using social media like Facebook, Twitter, or a good old fashioned web search, you can find excellent community pages for your desired neighbourhood. This will help you visualize your future life there.
Narrow down your wants
Using inspiration from boards like Pinterest, Houzz, or online home decor magazines, you can put together an idea of what you want in a house .This can help you get an idea of what’s most important to you in your new home, and narrowing down what you absolutely must have. Your agent can help with getting you as much as is possible, without over extending yourself financially, or having to give up something you can’t live without.
If you are ready to purchase your first home, The Rocca Sisters Team can be reached at 905-335-3042, directly at 905-335-4102 or by email at email@example.com. We have the experience, skills, and resources to guide you through the process every step of the way with our first time home buyer program!