i need some info about buying my first home?

Answer 1

Step one is to get a loan guarantee. Most sellers want to make sure you can afford te home before you look at it. The pre-approval also gives you a great idea of what you can afford. You need to live within your limits. Good Luck.

Answer 2

All real estate markets are different as well, posting where and when you are looking to move helps tremendously.

I work in real estate and what we normally do is talk with first time home buyers about why they want to BUY a home instead of RENT one. Suprisingly most have no idea. I'm assuming you've already done this part, so I wont go into details.

You must sit down with you bank (or equivilant) first and foremost to ensure you have the funds available to make such a purchase. You will need to include costs such as: The Home Inspection, Laywers Fees, Land Transfer Taxes, Deposit, Down Payments... and always keep reserve for some repairs that may be necessary to get your new home insured.

Now depending on where you are, this may not apply since I'm in Ontario and like i said, every market is different.

Speaking of market, timing your market is crutial when making your first purchase, don't look at it as you're going to be buying your dream home right off the bat, that's silly... look at it as an investment and with any investment you want to buy low sell high sort of thing.

The Spring/Summer markets (April-June) are the best time for this.

If you have any questions, or are in Ontario and have any questions about real estate youre welcome to write me [e-mail] don't worry I'm not an agent, but I do work for a few :) I'm their marketing assistant.

Answer 3

Dont know what info you want as there is so much. You need to pick up a booklet from a building society or look it up on your computer. Either that or go into a building society and make an appointment to talk to someone as there is a lot to think about when buying especially for the first time! Good luck!

Answer 4

Try wikipedia, or go to any building society website. There are lots of monthly shiny magazines on house buying, try What Mortgage or PROPERTY LADDER, which your estate agent might have for free.
Make an appointment with a IFA or mortgage advisor and while away a few hours of your life in mortgage land !

Answer 5

Go to http://www.realestateformnm.com/pamphlets.html scroll down to the bottom of the page and click on order the free pamphlet icon. When you get to the pamphlet order form tell them you want pamphlet #19 which is called "Tips for 1st time homebuyers" the staff will email it to you. This is a free community service with no strings attached.
Happy Holidays and Buena Suerte

Answer 6

get a mortgage first, as in find out your limit. forget your dream house and go well bellow it. that area you want to live in is unavailable to first time buyers! select first-time council buyers homes,with 25% buy+ rent 75%, or buy 50,75% and rent 50,25% .if you like a house sit out side on a Sunday and two other days at different times to see about traffic or goings on to see if its OK to live in. find out council tax banding's and public transport. do your neighbours have dogs!

Answer 7

this guy has alot of info on his website and explains the mortgage loan process very well. http://www.scottlushing.com/

Answer 8

Know why prices are so high, there is a big scam and how they made the bubble.

http://www.breakingbubble.com/index.htm

Answer 9

perhaps you should post some more information? Where are you looking to buy? do you have a deposit?

Answer 10

Sorry skint!