3 Tips for First Time Home Buyers

Buying your first home might seem like an intimidating and overwhelming process. Many big decisions that can determine whether or not you close on the house you’re interested in. We have listed a few tips and tricks you can share with your friends and family to help them in their first home buying experience.

Talk to the neighbours. It can be easy to forget to look into the neighbourhood in addition to the house. Having a conversation with the neighbours when considering a home might be a good idea if you don’t know much about the area. They can provide insight on the lifestyle, the community, schools in the area, and what their overall opinion is on living there. Getting a sense of the neighbourhood can help you determine if it would be the right fit for you.

Write a buyer’s letter. In today’s competitive market, including a buyer’s letter with your offer certainly helps you stand out. A personal letter can help the seller view you as more of a person than just an offer. However, there are some topics you may want to avoid bringing up in this letter, for example, mentioning any remodelling plans. Chances are that the seller has an affinity towards the home and wouldn’t want to know that you would like to make changes to it. The wording and context of your letter is important to help make your offer even more appealing to the seller.

Try to remain neutral towards a home. Finding a home that ticks all of the boxes can be a dream come true. While that might be the case it is important to avoid getting too emotionally attached to a home early on. There are many steps and processes to purchasing a home and sometimes not everything goes as planned. Try to remind yourself to take it one step at a time and refrain from making emotionally driven decisions throughout the process.

As your friends and family head into their home buying journey, your support can make all the difference. This is an exciting time in anyone’s life and one that they will always remember. If anyone you know is looking to purchase their first home we would be more than happy to assist them. Please feel free to give us a call anytime!