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First Time Home Buys in Brampton

 

Are you a first time home buyer? At first, the process of buying a house in Brampton can seem complex and difficult to navigate. Fortunately, there are many resources available to first time home buyers. The Canadian Mortgage and Housing Corporation, for example, has a website dedicated to helping people understand the process of buying a home, which may provide answers to many of your questions. Financial institutions also have services in place to counsel first time buyers about the types of mortgages available. You may also discover special programs in place to help first time home buyers, such as a lowered percentage rate for your down payment. And once you find a good real estate broker, he or she will guide you through the process and help to ensure that everything is done correctly.

 

Finding a Brampton Real Estate Professional

 

Brampton is one of the hottest housing markets in Ontario, and the majority of real estate brokers there are both experienced and knowledgeable. Surf websites to see which brokers represent the types of properties that you’re interested in, and try to get a feel for their company. Next, meet with a few real estate professionals and ask them about their work. If you think a broker would be a good match for you, ask for some references from recent clients. Check to make sure that the broker is registered with the Real Estate Council of Ontario (RECO), an umbrella organization that ensures that its members carry proper insurance and maintain ethical standards. Once you’ve found the right broker, make a plan for finding your dream home!

 

Tips for First Time Buyers

 

·       Start small. Many first time buyers look for a condo or a townhouse, as opposed to a detached home. When you can afford a larger home, you will be able to upgrade.

 

·       Get a pre-approved mortgage. Have the conversation with a financial institution before going out to look at homes. You’d be amazed at the number of people who fall in love with a certain property, only to find that its price is far higher than the amount of money the bank is willing to lend. Pre-approval helps you to know your price range, and will also save you time once you find a property you want to move on.

 

·       Look downtown. Sometimes older properties in Brampton’s downtown areas are more affordable because they need a little TLC. If you are able to do small carpentry jobs, or know a contractor who can do renovations for a reasonable price, a fixer-upper may be a bargain for you. In addition, if you live downtown, you may be able to ride a bike, take a bus, or walk to where you’re going, saving gas money and car expenses.

 

·       Find out as much as you can. Research Brampton neighbourhoods to see which ones fit with your needs. Look at recreation centres, libraries, schools, sports facilities, and other amenities in the area. Engage in discussions on social media that can help you to locate properties for sale or get advice from other homebuyers.

 

First time home buys in Brampton doesn’t have to be a hassle. Don’t forget to allow yourself to have fun. It’s the start of a whole new life in beautiful, vibrant Brampton!