Thursday, 1 March 2012

First time buyer - Will emotions cloud your judgement when buying your first house?

A quick property purchase can have unwanted consequences.

 To help avoid missteps take a look at the following:
  • Look carefully at your own finances and don't underestimate the costs
  • Be pre-approved for a mortgage and shop around.
  • Really think about where you want to live and factor in costs beyond the housing cost e.g schooling, transportation costs, proximity to amenities.
  • Do a home inspection.
  • Contact a real estate salesperson to introduce you to neighbourhoods and housing options.
  • Have a plan before entering into negotiations.
  • Read blogs and web sites about Toronto Real Estate.

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