First Time Buyers

As a renter, you are living within the walls of a house or apartment that doesn't feel like your own. How could it when you have to get someone else’s permission just to paint? You may feel like you're stuck in the renter's rut with no way of rising up out of it and owning your own home.

As a first-time buyer, you are allowed to put down a minimum of 5% for your downpayment.  First-time home buyers have other options available to them to help them enter the real estate market, including exemption from the property purchase tax, which could save you thousands of dollars on a qualifying home.

Did you know that you can buy a home with no money down?  There are many options including vendor financing, cashback mortgages, and banks that lend with a free downpayment option.

It is also possible to take money from your RRSP’s for a downpayment.  The Home Buyer’s Plan from the Government of Canada allows you to withdraw up to $20,000 from your RRSPs to buy or build a qualifying home.

Most people who have never sold or purchased a home don’t know any or all of the process, and therefore don’t realize how easy it can be to own their own home. In fact, most do not know that quite often it costs more to rent than it does to buy!

The process is relatively simple:

1) Get Pre-Approved
Talk to a recommended mortgage broker to find out all of your financing options before you 9go shopping for a home.

2) Read and sign the “Working With A Realtor” Pamphlet
The agreement empowers the agent to not only search out the latest MLS lists, but also recent sales and tax information. 

3) Shopping For Your Home
Be aware of your likes and dislikes before you go shopping. By taking the time to discuss with Rob  who is Your Local Real Estate Expert about the qualities and criteria that you desire in a home, I can help find your dream home for you, and save everyone time and energy.
 

4) Make An Offer
Rob will guide you through the offer process, representing you and your best interests, and ensuring that your contract is drawn up to protect you.

5) Documentation & Appointments
You will be required to submit some documentation to obtain your financing.  In addition, an inspection and appraisal will most likely also be done on the property. At this point, you will also be shopping around for lawyers, movers, etc.

6) The Keys
Congratulations, it’s time to move in to your new home!

It doesn't matter how long you've been renting, or how insurmountable your financial situation may seem. With my help of  you really can stop wasting thousands of dollars on rent and own your own home.

New Listing

East Central

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12309 240 STREET

$3,680,000

  • 1,654 sq.ft.
  • 3 Beds
  • 2 full baths
  • Listing Provided By:
    Royal LePage West R.E.S.

New listing

Lincoln Park PQ

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3382 HEMLOCK CRESCENT

$1,599,900

  • 4,878 sq.ft.
  • 10 Beds
  • 5 full baths
  • Listing Provided By:
    Royal LePage West R.E.S.