10 Tips To Home Ownership

These 10 tips will ensure you become a home owner.


When you're ready to take the next step towards home ownership, I'm ready to make it happen for you.

Buying a home is one of the most important financial decisions you will ever make. To help you get there as quickly as possible, follow these 10 home buying tips.

1. Make Sure You’re Ready

Before you start your search, make sure home ownership is right for you. Ask yourself some fundamental questions. Are you planning on relocating soon? Can you manage home repairs?

2. Know Your Financial Situation

Evaluate your current financial situation by calculating your net worth and reviewing your monthly expenses and debt payments. Ask a mortgage professional how much mortgage you can afford and the maximum house price that you should be considering. Obtain a mortgage pre-approval to make buying a home less time-consuming.

3. Calculate Costs

Make a list and calculate the upfront costs and other expenses associated with buying and owning a home to make sure you’re financially prepared.

4. Determine Your Needs

Before you start searching for a home, think about your current and future housing needs, which location is right for you, and what features are important to you in a home.

5. Find the Right Professionals

Buying a home requires the services of real estate professionals, lawyers, mortgage professionals, home inspectors and so on. It will give you peace of mind to have experts on your team to answer your many questions along the way.

6. Start the Search

Now it’s time to start your home search. Don’t forget to consider the wide array of search options you have at your disposal, including friends and family.

7. Make an Offer

Once you’ve found the home you want to buy, you will need to present the vendor with an Offer to Purchase or Agreement of Purchase and Sale. Your real estate agent and/or your lawyer/notary can help you to prepare your offer.

8. Close the Deal

Closing day is the day you finally achieve your goal — you get to call your new house your own. Quite a few things get done on closing day, and you may also require the services of a mover.

9. Budget, Budget, Budget

The financial responsibilities of home ownership begin when you take possession of your home. You need to budget for mortgage payments, ongoing operating costs and an emergency fund.

10. Home Maintenance

Keep it up. Maintenance, repair and renovations are a normal part of home ownership. Regular maintenance will help you keep your home in top condition and protect your investment.

let'sget you started

When you team up with me you're teaming up with one of the top mortgage brokerage firms in Calgary, The Mortgage Group. This means I know how to make home ownership a reality for you! Here are 3 key things you should know.

1. credit rating

Your credit rating is a key indicator of your ability to make your mortgage payments. I'll show you where your credit rating needs to be, and how to bump it up.

2. down payment

There's no such thing as having too much money for your down payment so turn yourself into a great little saver. I'll tell you what you need to put down.

3. apply online

The next step to home ownership is to complete my online mortgage application so we can help you get pre-approved for the best rates. Let's get started!


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