Make Sure You’re Ready to Buy
If you’re thinking of buying a home, you’ve come to the right
place. This web site can turn you into a house-hunting master. But before
we jump right in, you have to make sure three things are ready. You, your
bank account and the real estate market.
Are you ready? Be sure.
Few joys can match the pride of owning the roof over your head, but you
will have to make some sacrifices. There’s the obvious financial
responsibility, but your home will also require constant care. That’s
what real pride of ownership is all about.
Is your bank account ready? Check it twice.
Your first home will be the biggest financial obligation you’ve
ever faced. You should already be an experienced saver and good at managing
debt like student loans or credit cards. Ideally, you’ve also saved
up some money for a nice down payment. Talk to your financial institution
about the Home Buyers Plan too. Our Next Step will give you a crystal
clear picture about how much you can afford.
Is now a good time to buy? Here’s the hottest market tip you’ll
Markets go up, markets go down and even the smartest experts can’t
accurately predict when a market will peak or bottom out. The good news
is if you’re buying a home as a long-term investment (and for long-term
enjoyment), you’re protected from short-term changes in the market.
Over time, real estate has almost always increased in value.
All you have to do is pick a home that meets the needs of you and your
family. Then you’ll enjoy living in your investment as it grows in
value. A home is one of the best financial decisions you can make and
it’s tough to live in a stock portfolio!
Next Step: Decide What to Buy