Everything is in place and you are ready to start looking for your new home.
First, consider the things you will most likely be the case in your near future. Don't think too far. When you think purchasing a house, think about the next five years. After this time, too many elements have time to change and it's not realistic to anticipate project too far ahead. How long do you plan on staying in this house? Life is unpredictable and you can't plan for everything. If you are single or a new fresh couple, you may be fine with a smaller house that you plan on selling in a few years to get something bigger as family project arrive.
First, make sure that you are willing to start this adventure. While it's such an exciting time as well, finding and buying a new house definitely brings its own set of challenges and hangups to the table. Prepare your budget carefully and make an appointment with a mortgage broker to assess your borrowing capacity, for free
. This first step will make you know the type of property you can purchase, but a pre-authorization
will also allow you to be taken more seriously at the buying proposition. Also, if you are working with a broker with a double speciality, who is practicing both real estate brokerage and mortgage brokerage, you will have access to a double expertise to start this project with a professional who has an overview on your buyer's profile.