It may be stating one of the most over used and obvious expressions but buying a house may be one of the biggest financial investments you will make. But it doesn't have to be stressful.

First, do your homework. Look at your finances and ask questions of the experts.

Secondly, choose a Real Estate Sales Person that knows the area, understands your wants and needs but also one that you know you will work well with. Take a look at the articles below and if you have any questions please contact me.

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There are many reasons to buy a home, pride of ownership, a sense of stability and security and an appreciation of equity. You are investing in your future.

The decision to buy a home is not as simple as one might think. You need to do your homework. You need to add up all the costs when purchasing a home including the cost of the house, the down payment, interest rates, insurance, repairs , upkeep, and utilities. (See “What will my home really cost?” for further details.)

You need to look at you and your family, - are you going to go back to school, raise a family, get married. Major life events can change your financial situation dramatically.

Buying a home can be one of the most rewarding decisions you can make. But it is critical that you examine the advantages and disadvantages to determine if the time is right to buy a home.

To make sure that now is the right time for you to buy a home look at the costs of buying and the costs of renting and compare the two. If now is the time to buy I can help.

If I can be of further assistance please do not hesitate to Contact Me.

Before you start looking for you home you must know how much you can afford. Most lenders use 2 simple calculations to assess your finances:

GDS – gross debt service housing costs - mortgage, taxes, heating, condo fees (if applicable) in comparison to your income. In general should be no more than 32% of gross monthly income

TDS – total debt service – housing costs (as above) plus others such as loans, regular payments (car payments), credit card bills. Generally should not be more than 40% of gross monthly income

When buying a home getting pre-approval for financing will give you an advantage. First, you will know your price range, helping you to decide what houses to look at. Secondly, when you do submit an offer you will be doing so with confidence knowing you have been pre-approved and sharing the fact that during the negotiation process can go a long way towards having your offer accepted.

If I can be of further assistance please do not hesitate to Contact Me.

There is more to the cost of your home than just the purchase price.

Below you can find a summary of closing costs. According to CMHC closing costs can range from 1.5% to 4% of the total purchase price.

Appraisal Fee. You may be required, by your lender, to have your property appraised by an independent appraiser to ensure that the property will sell for at least the amount of money that is being lent.

Mortgage Loan Insurance Premium.  This insurance is required if your down payment is less than 20%, when you purchase a home. This insurance policy is in place in case the borrower defaults on his/her mortgage. Sometimes this is paid in full on closing or possibly added to your mortgage payment.

Deposit. When an offer to purchase is presented part of your down payment must be paid. With as little as a 5% down payment, all home buyers can access mortgage insurance enabling them to become a home owner, as long as they can meet the standards for a five year fixed-rate mortgage.

Down Payment.  Your down payment can be as little as 5% if you have mortgage loan insurance from CMHC . With a conventional mortgage a minimum of 20% of the purchase price is required.

Estoppel Certificate Fee. This certificate is necessary when purchasing a condominium. It outlines the condo corporation's legal and financial state of affairs.

Home Inspection Fee. You can hire a Professional Certified Home Inspector to look for any hidden problems. The condition of your home will be assessed. Your report will outline the condition of the physical structure of your home and all of the systems within in it. This can give you peace of mind when making this important purchase.

Land Registration Fee. This tax is based on the value of your home. It amounts to between 0.5% and 2% of property value.

Prepaid Property Taxes and/or Utility Bills. If the previous owner has prepaid property taxes or other utilities, they will be credited the prepaid portion on closing.

Property Insurance.  This type of insurance will protect you financially should your possessions be stolen, your home or possessions damaged or someone is hurt while visiting your home.

Septic tank. A thorough inspection of well and septic systems should be conducted prior to purchasing your home to avoid any possible health risk.

Survey or Certificate of Location Cost. Some mortgage providers may require an up-to-date survey or certificate of location prior to finalizing a mortgage.

Title Search.  A Title search will ensure that you are the only owner of the property.

Title Insurance. Title insurance protects you to the full cost of your property should there be a legal battle over the ownership of the home.

Water Tests. Some lenders require water testing to ensure that your water supply is safe and drinkable.

Legal Fees and Disbursements. These must be paid upon closing and cost a minimum of $500 (plus GST/HST). Direct costs to check on the legal status of you home will be billed to you directly upon closing.

If I can be of further assistance please do not hesitate to Contact Me.

When buying a house a Realtor® is an invaluable asset.

If you had a legal issue concerning $500,000 would you seek an attorney's advice?

What about buying a $500,000 home. Would it be better to get advice from a professional or go it alone?

Here are a few areas in which a realtor can help:

- a realtor can help determine what you can afford
- be an objective partner in your property search
- a realtor works for YOU – helps with negotiations and inspections
- a source for resources – legal, inspections, financial, local community information
- understands all home buying procedures – what needs to be done, when and how

If I can be of further assistance please do not hesitate to Contact Me.

"I want to sell my home but I don't know if it's the right time."

"My family and I are looking to buy in the area but have questions about which neighbourhoods would be best."

Whether you are buying or selling a home in York region everything matters.

It is important to have a Realtor® with extensive knowledge of the local real estate market.

I am here to help you and guide you through the process. As a resident and neighbour I know the communities and area.

My goal is to save you time, money and stress during the real estate process and in the end ensure that your expectations have not only been met but exceeded.

If you would like information to help the decision making process or just have questions about the real estate market please Contact Me.