TIPS ON BUYING YOUR FIRST HOME
Make a list of all the features you want in your house in Richmond Hill such as number of bedrooms, bathrooms, proximity to schools, shopping and workplace.
FINDING YOUR DREAM HOME
Please fill out the form MY DREAM HOME and I will get back to you within 24 hours with recommendations on homes or condos that might fit your requirements. We can then schedule a convenient time to view the properties.
Alternatively, if you wish to search for suitable properties on your own, please feel free to browse through Richmond Hill homes for Sale or Richmond Hill Condos for sale, then contact me to set up a viewing time.
Be sure you can afford your home. Your monthly housing costs should not be more than 32% of your gross monthly income and your entire monthly debt load (which includes other debts such as car loans and credit card payments) should not be more than 40% of your gross monthly income. Calculate your other monthly living expenses such as food, clothing, transportation, personals and childcare to ensure you can afford your mortgage payments for your Richmond Hill house.
Call a REALTOR in your preferred area. They are trained professionals with knowledge about local conditions and the housing market in general. Through the Multiple Listings Service they have access to virtually every property listed for sale in the province. Your REALTOR can narrow down your search and provide you with information on properties for sale and those that have recently sold. This will allow you to make informed decisions about pricing. Licensed by the province and members of local real estate boards, REALTORS must adhere to high standards of ethical behaviour.
Obtain a pre-approved mortgage form the lender of your choice. This will help you determine the price range you should be looking in. With a pre-approved mortgage, your lender will guarantee the interest rate for up to 90 days.
If buying a new or existing condo, look beyond style and amenities and investigate whether the construction is of good quality. You can ask for a copy of the Status Certificate to determine what kind of problems the condominium has had in the past, and the expenses.
It is always a good idea to have the house in Richmond Hill inspected by a professional home inspector. An inspector's written report should include how well-built the home is and whether any repairs are necessary and the estimated costs.
