5 Sources For Buying A First Home

Buying a first home is undeniably the biggest purchase you’ll ever make in your lifetime – not only are you committing to a property long-term but you’re also committing financially (and in a huge way). Therefore it’s important that you do your homework, and a lot of it.

Sources for buying a first home

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There are certain resources you should turn to for trusted advice when you’re considering purchasing your first property in order to arm yourself with as much info as possible – after all, buying a first home is all about being proactive.

Here, now, are five sources you need when buying a first home.

1- The notary

A notary is the person you will hire during the transaction of a home purchase who will draw up the final account, as well as ensure that all monies are paid to the seller, that the mortgage is properly registered, and that the title is transferred. However, given their familiarity with home transactions (a large part of their day-to-day responsibilities revolve around matters of real estate), notaries can be reliable experts to talk to about buying a first home prior to actually buying.

2- Financial advisor

Whether it’s with your bank or a financial planning company, let the experts give you straight answers to all of your questions regarding buying a first home. They’re always on top of the latest news and stats, and they can help you make informed decisions in all aspects of the negotiations and purchase of a first home.

3- The web

The World Wide Web is vast and it can be overwhelming to seek out good sources of information to buy a first home. However, two reliable and easy-to-navigate online sources are DuProprio.com and the site for the Canadian Mortgage and Housing Corporation (CMHC). Both offer a wealth of info, with a wide range of articles on our company blog as well as housing research and tools on the CMHC site. Find what you need to know about buying, selling, and everything in-between on these two efficient .coms.

4- Books

A quick run to the local bookstore could be the ideal place for good sources of information on buying a first home. A great read is the recently released How To Buy Your First Home (and How To Sell It Too) (Random House UK), written by Phil Spencer, a British TV personality known for his work on myriad home shows like Location, Location, Location. Spencer helps potential homeowners find the perfect property, get the right mortgage, negotiate with agents and sellers, and carry out the final sale.

5- Other first-time home buyers

Where else can you get better advice than straight from the people who have gone through it? Speak to a few first-time home buyers and find out what advice they can offer – they probably have a whole list of dos and don’ts that they can share based on their own experiences with buying a first home.

If you’re ready to take the plunge and buy a first home, visit DuProprio.com today.

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