When it comes to buying a home, one of the most frequent questions I get asked is: “Is it a good time to buy a house?” And with most people, my answer is usually, “That depends, everyone’s reasons for buying are different.  What has you thinking about buying?” People wonder about prices.  They wonder about interest rates.  They wonder about the economy.   Again, there are no definitive answers that fit everyone’s situation and the London Real Estate market is constantly changing.  This is why I am always happy to sit down with anyone who is thinking about buying in order to talk with you about getting ready to buy a home.

This guide has been prepared with the goal of helping you take the first steps towards getting ready to buy a home.  Throughout the different pages we will talk about being able to afford the home you want and about the process of buying it and moving into it.  My goal is for you to have an edge over the many buyers out there who are making decisions based on incomplete information or lack of experience.

With that in mind, I always tell my clients that there are many good reasons for buying a home–even in an uncertain economic climate–and that the reasons for buying and the timing of your purchase depends on what’s best for you.  If staying in your current home is the best move for you now, then I will be privileged to have had the chance to help you to come to that decision.  If is time for you to buy a home, whether it is a first home, a dream home, or even a move to something smaller, we’ll sit down and discuss your situation and put together a plan that will help you make the right move for you.

First time home buyers can often buy a house for roughly the same month-to-month cost as renting, while building equity for the future. Instead of paying someone else for a place to live while they benefit from the increase in value to the property, when you own your own home: you benefit from any value increase, you benefit from any improvements and you build up equity as you pay down the mortgage.  For the first time home buyer it is almost always a good time to stop renting and buy that first home.  Let’s sit down and talk about it!

If you are thinking of buying, it’s crucial to examine your own personal and financial circumstances to determine whether now is the right time for you. Here are the key points to consider:

What sort of monthly payments (mortgage, taxes, utilities etc.) can I afford?

How big is my down payment?

Do I have funds set aside for closing costs?

Is my job situation stable?

Are my needs (job change, starting a family, etc.) likely to change in the next 12-24 months?

Do I have time and energy for this process? (looking for homes, notice given to landlord, baby on the way etc.)

Do I have a home that I need to sell first?

SERVICE | KNOWLEDGE | RESULTS

Buying Links

Thinking about Buying?
Should I Buy Now?
Getting Ready to Buy
Choosing the Right Agent for You
Why Choose Steve?
Searching the Listings
Choosing a Neighbourhoods
Viewing Homes
How Do You Buy a Home?
The Documents You Will Sign
Home Inspections
The Deal is Firm: Now What?
Your Lawyer’s Role
Closing Costs & Other Fees
Preparing to Move
Closing Day
After Closing Day

Contact Steve

334 Wellington Rd. S
London, Ontario N6C 4P6
steve@stevebaarda.com
Cell: 519.878.5566
Office: 519.672.9880
Fax: 519.672.5145