Wednesday, 19 April 2017

Buying Your First Home In Wasaga Beach, ON

buying your first home in wasaga beach

Spring has sprung and the Wasaga Beach housing market is in full swing. Many Ontario residents are relocating to Wasaga Beach due to the small town charm, sandy beach and miles of walking trails. Wasaga Beach has it all and is still quite affordable when compared to other areas of Ontario.

Before you jump head first into the housing pool check out these 5 simple tips to make the whole process much easier for you when buying your first home in Wasaga Beach, ON

Think of your home as an investment

When home buyers start their home search, often the last thing they consider is the resale value. On average, home owners move every 7-9 years. Check the different neighbourhood historical values. Research any planned developments in the area that may affect the value either in a positive or a negative way.

Make a wishlist

Make a list of the homes must have's and rank them from their highest to lowest. Ultimately you'll have to compromise on several of the items but this list will keep things in better perspective for you.

Get a pre-approval + credit check

Unless you have just won the lottery chances are you'll need to get financing. Get in touch with a bank or a mortgage broker and have them do a mortgage pre-approval for you. This way you'll know exactly how much you can afford. 

Tip: Don't buy a home at your pre-approval limit, reduce this amount by 10% to allow for any unforeseen costs.

Take into account additional costs

Additional costs will include the cost of moving, furniture expenses, home insurance, lawyer fees to close the transaction. Condo fees if purchasing a condo. For more information on buying a condo check out my blog on the subject buying a Wasaga Beach or Collingwood condo. 

Choose the right Realtor®

You're about to make the biggest investment of your life so be sure to choose the right professional for the job. Here are some questions to ask when choosing the Realtor® you plan on working with:
  • How many years have you been actively trading in real estate?
  • Do you specialize in a certain type of property or area?
  • Are you full time or part time?
  • Do you have have any references or testimonials from past clients?
  • Do you have up to date errors and omissions insurance and ask for proof of such?


Post a Comment

Coldwell Banker Ronan Realty

Coldwell Banker Ronan Realty
Blogger Templates