Curtis Lindsay - Real Estate and Homes for Sale in Victoria BC
Victoria Harbour

Curtis Lindsay

Victoria BC


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Are You Ready For Your First Home?

A report released this month by RE/MAX confirms that entry-level purchasers are now the engine driving home-buying activity in almost every major city centre in Canada.

The 2009 RE/MAX First-Time Buyers Report, found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into the market. While a sense of caution still prevails, more and more first-timers are finding it hard to pass up the chance to become homeowners in today’s buyer-centric real estate climate. Increased inventory, coupled with the lowest lending rates ever are presenting opportunities that have not been seen in almost a decade.

Those who are secure in their jobs, have accumulated good down payments, and have acceptable credit ratings are in a great position to take advantage of the current buyers market. Home ownership is a big, exciting step in life, though it’s not without its challenges and worries. You may think that saving enough for a down payment is all there is to it, but owning your own home is actually a bigger life commitment than just arranging the financing.

Here are a few steps to get you on your way to home ownership:

1. Research the type and price range of homes in your market.

2. Talk to your bank about your financial options for your down payment.

3. Start reducing your monthly debt repayments (student loans, credit cards).

4. Speak to a mortgage broker about being pre-approved for a mortgage.

5. Make a list of the “Top 5 Must Have” amenities for your new home.

6. Start viewing properties; MLS photos are limited in their ability to truly show the age, condition, and neighborhood of a property.

7. Don’t forget about budgeting for closing costs and moving expenses.

To start receiving a list of all the available MLS properties in your price range, please email me and I can add you to my automatic email list. Don’t forget to include your “Top 5 Must Haves” and your preferred email address.
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