11 Pieces of Advice for First-Time Home Buyers

11 Pieces of Advice for First-Time Home Buyers

If you’re looking to make the leap into homeownership, but are unsure how to go about it, then you’ve come to the right place. Whether you’re wanting to buy a house, townhome, condo, 0r new build or land, you need to have a grasp on how a real estate transaction works. We reached out to REALTORS® from across Canada to ask for some of their best advice for First-Time Home Buyers, so lets hear from the experts on things like:

  1. Not getting discouraged if your offer isn’t accepted
  2. Being willing to look outside your comfort zone
  3. Planning for all expenses
  4. Understanding you may have to start small
  5. Leveraging technology
  6. Being patient with the process
  7. How much to spend on your home
  8. Finding a REALTOR® early
  9. Shopping around for mortgage rates
  10. Not completely draining your savings
  11. Considering alternative housing options
Maintain a positive mindset and work with an experienced REALTOR® to find your ideal home First-Time Home Buyers

First-Time Home Buyers

1. Don’t get discouraged if your offer isn’t accepted

“It’s bound to happen. You find what you think is the only home you’ll ever love, and put in an offer, but it ends up getting rejected. Don’t let this halt your journey! Instead, use it as motivation to find something even better.

“However, a rejected offer is not the end of your home buying journey,” says Nicole Ryan, a REALTOR® and salesperson with eXp Realty in Dundurn, Saskatchewan. “While it’s normal to feel disheartened, don’t let it dampen your spirits. Keep a positive mindset, and remain dedicated to finding your perfect home that aligns with your needs and preferences. Additionally, working with an experienced REALTOR® can make a significant difference.”

Explore neighborhood trends to broaden your home searchFirst-Time Home Buyers

First-Time Home Buyers

2. Be willing to look outside of your comfort zone

“When it comes to finding your ideal home, it’s important to broaden your horizons,” explains Ryan Elliott, a REALTOR® with Royal LePage Atlantic Homestead in St. John’s, Newfoundland and Labrador. “Step beyond familiar neighbourhoods and consider exploring lesser-known areas. By venturing outside your comfort zone, and opening yourself up to a wider range of housing options, you can potentially be discovering hidden gems.”

Remember, each neighborhood has its own unique charm, and character. Attend local events, or visit parks and amenities, plus immerse yourself in the culture of different neighborhoods as First-Time Home Buyers.

“Exploring unfamiliar communities gives you the opportunity to discover vibrant new environments that may surprise, and delight you,” Elliott adds.

Create a precise financial plan to avoid future financial burdensFirst-Time Home Buyers

First-Time Home Buyers

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Right at Home Realty, Ottawa

14 Chamberlain Ave. #101,
Ottawa, ON K1S 1V9

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Len Harris, CD Real Estate Agent

* Right at Home Realty Brokerage (“RAHR”) does not accept or assume any responsibility or liability, direct or consequential, for the commission plan (the “Information”) or the recipient’s reliance upon the Information. RAHR encourages competitive commission rate/fee arrangements and in no way influences, mandates or sanctions any incentives or commission rates of our independent Agents/Salespersons.

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