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First time buyers: What you need to know

Although the phrase “buyer beware” may be on your mind when buying your first piece of real estate, you can rest assured knowing your Toronto real estate agent is there to help make this transaction a stress-free success. Many first time home buyers buy real estate with their hearts and not their heads, which can lead to unwelcome surprises or overpaying, possibly making them house poor.

It is crucial to make a list of your must-haves and compile your priorities for your real estate purchase that you feel are most important. Is it location? Would you consider re-locating out of Toronto to the suburbs for bigger real estate? Or do you need to be in Toronto? Perhaps a specific neighbourhood in Toronto is what motivates you? What type of real estate do you prefer, a condo or house? Referring back to your list when you are looking for your first Toronto home will help narrow your real estate search criteria, saving you time and effort.

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Before Getting a Mortgage, Read This…

Buying real estate is one of the biggest financial decisions Canadians make in their lifetime. While organizing and carrying a mortgage may seem a stressful feat, most homeowners maintain that owning their own home is very rewarding and provides a sense of pride.

Prior to buying your first piece of Toronto real estate, moving up or down-sizing, it is a good idea to get pre-approved for a mortgage. However, before you do this, there are a few things you need to make sure you have lined-up. Continue reading