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Tips for Buyers 

Purchasing a home is one of the largest and most exciting investments you will make. The more prepared and informed you are ahead of time, the better your experience will be.  

Start Early 
Don’t wait until you need to move to get the process started. We recommend clearing up any financial matters ahead of time prior to getting approved for your mortgage.  If possible, pay off or lower credit card balances, student loan debt, and any vehicle loans you might have.  

Set Realistic Expectations 
Whether you are buying with a partner, family member or on your own, it is important to determine what your non-negotiable amenities are along with setting a budget that you are comfortable with. 

Get Pre Qualified  
The first step in buying a house is determining your budget. Speak with your mortgage advisor to begin the pre-qualification process. Upon becoming pre-qualified, you will know the maximum amount of a mortgage you could qualify for and estimate your mortgage payments.  

Choosing The Right Mortgage  
Compare different mortgage types. Not all mortgages are created equal and it is imperative to your long-term home investment success to choose the right one for you.  Mortgages rates are a key deciding factor but different rates may offer different advantages. Your mortgage broker will be able to assist you in comparisons and determining what is right for you. 

Browse Homes 
Where do you want to spend your time? View homes in different neighbourhoods and determine which areas are of the highest importance to you.  Do you need to be close to schools? How long is the commute to work? Which recreational activities are nearby that interest you? You will want to make sure that the neighbourhood you will be living in will match your lifestyle for years to come.  

Make The Most of Open Houses 
When viewing homes, consider the homes overall condition and ask plenty of questions.  When was it built? Will the roof need replacing soon? In what shape are the heating and air conditioning systems?   

Consider Move-In Expenses 
Plan ahead by considering what expenses you may face immediately before and after moving into your new home. This should include moving costs, wall repainting, updating fixtures and appliances, service hook-up fees and home insurance.