If you are like most Calgary first time home buyers buying a single family detached home for the first time might not be in sight. The prices of single family homes have gone up considerably over the past few years making home ownership hard to afford or even unreachable in some cases. Most first time home buyers in Calgary find themselves having to sacrifice to get into the market by buying a Calgary condo first. Condos are much more affordable and offer a more hassle-free lifestyle for condo home owners.
The hardest part about buying your first Calgary homes is starting. The rest of the process can be quite simple if you align yourself with experienced professionals that can guide you through this exciting new opportunity in life. Calgary has been named one of the best places to invest in real estate. The opportunity to get into the market is perfect. Rates are decent, prices are stable, it is an excellent time for first time home buyers to consider their first home purchase.
The process in buying your first home starts by obtaining a pre approved mortgage. Once achieving a pre approved mortgage, buyers will have an approximate idea of affordability in regard to mortgage payments and a better financial picture of how much home they can afford. This information combines with some of your lifestyle needs and requirements gives your realtor a great place to start in looking for your new home. Get your Calgary Mortgage Broker to get your pre approved mortgage online today.
Once you have your approved mortgage it is time to start working with an experienced Realtor that can assist you in finding the right home or condo for you. Not all Real Estate Agents are the same, be sure to choose an agent that specializes in working with first time buyers to ensure your needs are completely met throughout the process of buying your new to you home.