Found 2 blog entries tagged as buying home.

Finding the Perfect Time to Buy a Home in Edmonton: A Comprehensive Guide Featured Image

Purchasing a home is one of the most significant financial decisions you’ll ever make. While there’s no one-size-fits-all approach to buying a home at the perfect time, there are several factors you’ll want to consider to help you make an informed decision.

Your Financial Circumstances

Buying a home is an exciting milestone, and your finances play a crucial role in determining the right timing for such a large investment.

Savings and Down Payment:

Having sufficient savings for a down payment is essential when purchasing a home. 5% is the minimum down payment required in Canada, with all down payments of less than 20% subject to mortgage insurance. Keep in mind, the more you put down, the lower your monthly mortgage payments and the better…

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Thinking about buying a home? Here are six common and costly mistakes to avoid:

1. Avoiding the Pre-Approval 

When it comes to home buying, few things are more disheartening than falling in love with a property only to discover it’s out of your price range. That’s why it’s essential to know how much home you can afford before you hit the market. Not only will a pre-approval letter help you narrow down your home search (saving you a ton of time), but it will also ensure you’re taken more seriously by sellers.

2. Overlooking Closing Costs… 

Closing costs are additional one-time fees associated with purchasing a home – they’re also frequently overlooked by buyers. Typically ranging between 1.5-4% of a home’s overall purchase price,…

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