There is a lot more to buying a home than first meets the eye, but if you take it step by step the real estate buying process can be enjoyable and exciting!
Mortgage Calculator
Check out our Mortgage Calculators section and determine if homeownership is the right move for your pocket book.
- Calculate your mortgage payments.
- Discover what you can afford.
- Calculate Land Transfer Taxes.
- Determine if you should rent or buy a home.
- Discover how you can pay off your mortgage faster.
Before Writing an Offer for a Home for Sale
When looking for homes for sale, and definitely before writing an offer, you should be fully aware of all the expenses involved with buying a home. Some expenses are one-time costs and others are continuous costs. Check out our quick reference list before putting pen to paper. For example, some typical home ownership expenses are:
- GST and PST
- Land transfer tax
- Property taxes and adjustments
- Strata fees (if buying a condo or town home)
- Property insurance
- Home inspection fee
- Legal fees for registering the property
Check out Calgary School Ratings
Six Mistakes Home Buyers Make
There are six common mistakes homebuyers make especially when buying their first home or condo. These common home buying mistakes are:
- Not getting pre-qualified for a mortgage.
- Not shopping around for the best mortgage terms.
- Not getting a home/ condo professionally inspected.
- Not using a professional agent.
- First buying a new home and then trying to sell your old home.
- Not knowing the full cost of buying a home.
