If you are house hunting for the first time, it's natural to be nervous. A home is one of the biggest investments you will make. Making a major decision can be nerve wracking but understanding the process and being prepared will give you confidence to act quickly and ask the right questions when you find your dream home.
How long should it take? How many house should I look at? There's really no right or wrong answer to these questions - but because we love to compare ourselves to the 'norm', here are some results from the TD Canada Trust First Time Home Buyers Report that illustrate a typical first time house-hunt.
Am I looling at enough houses? The majority of Canadians (56%) will view less than six houses. One quarter will view more than 10.
How long should it take? The majority of first-time buyers (63%) puchase a home within six months of starting their search. Seventeen percent said that it took longer than a year.
Do I have the right information? One of the best things you can do to prepare for house-hunting is getting familiar with the process. When you are confident that you are taking the right steps, you'll know your house hunting will eventually lead to the home that is right for you. Home buyers can research, share questions and learn from each other's experiences at an online community called TD helps: www.tdcanadatrust.com/homeownership.