First Time Home Buyers

As a first time home buyer there are a lot to know for eg; "How much can I afford?".

Location depending where the home is located, Downtown, The suburbs, or rural area? 

It depends on your selection. Detached Home? Semi-Detached? Duplex? High-rise? Link? Townhouse? New or Resale?  

Your income.There are your Mortgage, property taxes, utilities, or if it's a condo, condo fees. As a general rule of thumb, your monthly home-carrying cost should not exceed 30-40% of your income. 

Market conditions. Is it a buyer's, or seller's market? 

There are also additional costs It's a good idea to know exactly how much you can afford before starting your search. Be specific with your sales representative so he/she can meet your needs you don't want to make your dream home a nightmare of bills and expenses.Stick to your price range. 

What you can afford can be accomplished by meeting with your bank or a mortgage broker and negotiating a pre-approved mortgage. There are many types of mortgages available and many different terms. Research all of your options. This ensures that there are no surprises once you are ready to make an offer. 

Once you've figured out what you can afford, you can start your search. You might be lucky to discover the first home you visit is the one you call your home; or you might look at home after home with none of them catching your interest. The home you're looking for is out there, and when you find it, you're ready to make an offer. If your offer is accepted, the next steps are closing and moving into your new home. 

We are here and ready to help you purchase your dream home once you are ready.

Masi Esmatyar

Masi Esmatyar

Sales Representative
CENTURY 21 Titans Realty Inc., Brokerage*
Contact Me


Market Stats for Jan 2018
December Market Updates
New Construction down
October sales up 12%
Mortgage Rules
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