Buying a Home? 5 Ways to make it a smooth adventure

Buying a home is an exciting experience. Whether it’s your first of your fifth time, it’s best to be prepared and to stack the deck in your favour. Here are 5 ways to do so in the year leading up to your purchase.


1. See a mortgage broker or agent. In fact, see at least two mortgage agents and become familiar with your current options for terms, rates and other benefits such as pre-payment options.

2. If you’re not familiar with your credit score, order a free report from Equifax or Transunion. Don’t like what you see? Make a commitment to pay down your debt, and put any extra cash in savings. Another advantage of checking your score is to make sure that your record is valid and correct and that you have not been a victim of identity fraud.

3. If it’s your first time buying a home, take advantage of investing in your RRSPs. Put up to $25,000 in your RRSPs and then “borrow” this money as part of your down payment. Ask your financial advisor for more details and benefits.

4. Contact a real estate agent you feel you can trust, discuss your plans with them, and get on the same page. As your REALTORS® we act in your interest in finding you a home, negotiating and, and working with you through the buying process. If you also plan to sell your existing home, we can also help to prepare you in that respect.

5. Before your feet hit the home buying strip, ask us how we can connect you with homes that fit your minimum criteria. This includes matching your budget (which you have greater confidence in after contacting a mortgage agent), the minimum number of bedrooms, and whether you want a freehold or condominium property. This way, you can see what the market has to offer in your price range, and get a feel for what options are available to you at different price points. We can send an updated list of properties (some that are not yet listed publicly) to your inbox daily, weekly or even immediately, depending your buying timeline. Ask us how.

Schmidt & Company Inc., Real Estate Brokerage
Schmidt & Company Inc., Real Estate Brokerage

Real estate. Simple.
4-180 Northfield Dr W, Waterloo ON N2L 0C7

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