In April 2018, Brantford was named the year's #1 city to buy real estate!

First Time Home Buyers

First time home buyer? We can help!

Brantford Regional Real Estate Association wants to make your first experience with the real estate industry an enjoyable and memorable one. Buying a home is a big step, and one that should not be taken lightly. Here are some great tips that can help make your first home buying experience a successful one!

Underestimating Costs
One of the most common mistakes first time home buyers make is underestimating the costs associated with buying a house. From moving costs, new expenses, and emergency repairs, there are a multitude of unexpected costs that can come up. Before taking the dive into home ownership, be sure to have an emergency fund set aside for such expenses.

Research Mortgage Choices
With so many choices, it's easy to become overwhelmed and stick with the first quote you receive. Be sure to ask around. Lending institutions want your business, and may be willing to offer you a better rate!

Be Sure You're Ready
While home ownership may seem like an ideal choice, review your lifestyle, finances and essential needs before making a decision. Think about the differences between ownership vs. renting.

Using a REALTOR® can help make your home buying experience more enjoyable. They offer professional advice and insider information that can help get you into the house of your dreams.

Questions To Ask
While your REALTOR® can help guide you in this process, it may be beneficial to know what kinds of questions you should ask when buying a home.

  • What are the yearly property taxes
  • How much do utilities run each month?
  • How old are the appliances?
  • How old are the windows/doors?
  • Has there been any major repairs to the home?
  • Insect or rodent problems?
  • What service providers are in the area?
  • Is there adequate storage space?

Want more ways to be successful? Check out the worst mistakes first-time home buyers make via the Globe and Mail.