As a first time buyer, investing in your first Toronto property can be an overwhelming, scary and confusing experience. People often put off the idea of buying their first Toronto home or condo longer than they need to simply due to the thought of “what if?”: “What if I don’t get approved for a mortgage?” “What if I buy and then figure out I can’t afford it?”
For some people, it is better to thoroughly consider their options before making a big decision like buying a home or condo for the first time as it will hopefully help them avoid making any rash decisions and getting in over their heads. For others, it can often be better to get into the real estate market sooner rather than later. If you have the means to come up with a downpayment for a Toronto home or condo and have a steady income that can cover the monthly mortgage, utilities and other expenses, you may want to seriously consider the option of purchasing your first property.
Below is a list of steps that most first time buyers will go through.
Feel free to contact me to discuss any questions or concerns you may have about buying Toronto real estate as I am happy to answer them for you.
