The Renter's Report

First Time Buyer Information

The 10 Steps

To Buying Your Home

Step 1 Make Sure You’re Ready to Buy

Are you ready? Be sure.

Few joys can match the pride of owning the roof over your head, but you will have to make some sacrifices. There’s the obvious financial responsibility ,but your home will also require constant care. That’s what real pride of ownership is all about.

Is your bank account ready? Check it twice.

Your first home will be the biggest financial obligation you’ve ever faced. You should already be an experienced saver, and good at managing debt like student loans or credit cards. Ideally, you’ve also saved up some money for a nice down payment. Talk to your financial institution about the Home Buyers Plan too. Our next step will give you a crystal clear picture about how much you can afford.

Is now a good time to buy? Here’s the hottest market tip you’ll ever get.

Markets go up, markets go down and even the smartest experts can’t accurately predict when a market will peak or bottom out. The good news is if you’re buying a home as a long-term investment (and for long-term enjoyment), you’re protected from short-term changes in the market. Over time, real estate has almost always increased in value. All you have to do is pick a home that meets the needs of you and your family. Then you’ll enjoy living in your investment as it grows in value. A home is one of the best financial decisions you can make, and it’s tough to live in a stock portfolio!

Step 2 Figure Out How Much You Can Afford

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Before you start looking for your dream home, let’s find out how big you can dream. Knowing your true budget is the first and most important step in buying a home. Why?

A home is a big purchase.

It’s probably the most expensive thing you’ll ever buy, and there are lots of expenses you might not even know about. Everybody’s total costs are different, but it’s almost guaranteed you won’t have that much money saved up.

Hopefully you have enough for a nice down payment, but for the rest...

Yes, you need a mortgage

Step 7 is practically bursting with of tips on arranging your mortgage but for now, we just need to figure out how much a bank will lend you.

How much a bank will lend you?

The first step in determining how much a bank will lend you is to ... 

If you would like a free copy of the Renter's Report mailed to your apartment,

call the Renter's Report Hotline at 613-295-5225

Topics inlcude:

Step 3 - Decide What You Want to Buy

Step 4 - See What’s Out There

Step 5 - Add a Lawyer to Your Team

Step 6 - Make an Offer

Step 7 - Arrange a Mortgage

Step 8 - Find a Home Inspector

Step 9 - Close the Deal

Step 10 - Move In

Making the right choice when it comes to purchasing a home is a matter of good planning, not good luck.  No one person can be expected to know everything, so it’s important to surround yourself with qualified professional assistance throughout the process.

For more information please contact