There are always additional costs over and above the down payment that need to be considered. These casts could include, but are not ,limited to, Building and Other Inspections, Appraisal Fees, Mortgage Insurance, CMHC Fees, Legal Fees, Land Transfer Tax, Title Insurance, Taxes. etc

Before you start house hunting, establish how much cash (0r downpayment) is needed and mush you can afford to carry in monthly payments.

There is no use looking at homes that are out of your afforded price range, It will only frustrate you and waste your time. It also confuses you knowledge building process as it may interfere with you making the right decision. We need to compare apples to apples not apples to oranges.

Pre-approved buyers have increased bargaining power with the seller as they are perceived as serious buyers and bring to the table a certain level of creditability. Quick decisions to the seller especially in a multiple offer situation, potentially placing you offer to buy in a “first choice” position

Choose a Realtor that will offer you professional advice as to Preferred locations, Styles, prices, Trends, financing and how to handle the unexpected. They should have connections with lawyers, building inspectors, mortgage representatives and many other professionals. You may need these individuals to provide you with expert advice and protection when creating your offer to buy your home; they should also be skilled at the negotiation process.

Choose a sales representative that you are comfortable with. Someone you feel understands your needs and wants. There are many advantages to having a realtor work especially for you in your best interests.

The sales representative should discuss and advise you on your personal situation. Before you start viewing homes, decide on your needs and your wants (i.e. number of bedrooms and bathrooms, size of garage, Etc.) ask sales representative for advice, and use their experience and knowledge of the market and neighborhoods.

A home inspection is an evaluation part of the home-buying process. It can go a long way to protect your real estate investment, making the time and money well worth it.