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HOW TO BUY A HOME IN TODAY’S MARKET WITHOUT FEELING OVERWHELMED

Monday, March 11, 2024   /   by Ameil Gill

HOW TO BUY A HOME IN TODAY’S MARKET WITHOUT FEELING OVERWHELMED

HOW TO BUY A HOME IN TODAY’S MARKET WITHOUT FEELING OVERWHELMED


I get it — buying a home can be a little stressful and, at times, overwhelming, especially in today’s fast-paced market. But fear not… I’m here to assure you that with the right mindset and preparation, purchasing a home can be an exciting and relatively stress-free experience!


Here’s how to prepare:


1.DETERMINE A BUDGET


Determine how much you can afford to pay towards a monthly mortgage by putting together a budget that includes your monthly income, all recurring debts, and future expenses such as estimated utilities, trash/recycling, maintenance, and more.


2.DEFINE YOUR PRIORITIES


Create a list of the non-negotiables you would like in a home, as well as any “nice to haves.” In a market with low inventory, it’s best to stay open-minded. Focus on your “must haves” and the things you cannot change, such as location and yard size.


3.GET PRE-APPROVED


In our current market, it’s essential to speak with a mortgage lender and get pre-approved before you start house hunting. Not only will you want to know your budget (which may change daily as rates change), you’ll want to be ready to act fast.


4. STAY FLEXIBLE


Flexibility is key. Be open to exploring different neighborhoods, consider homes that may need some TLC, and adjust your timeline if necessary.


Remember to trust the process, stay patient, and know that the right home is out there waiting for you.


Ready to get started? Send me a message!

REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated June 15, 2024
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