How To Buy Your First Home - Step 3: Calculate the Cost of Buying Your New Home

How To Buy Your First Home - Step 3: Calculate the Cost of Buying Your New Home

I know talking about finances and expenses can be depressing, but encountering unexpected costs in the process of purchasing your new home is a sure fire way of killing your home buyer’s high. So below I lay it all on the line and hope that this helps eliminate any unexpected (and potentially expensive) surprises for you.

The following costs are what you could expect to have to pay by the time you take possession of your new home, otherwise known as the “closing costs”. 

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Why Your Bank Account Should Be Nicely Padded When House Hunting

Why Your Bank Account Should Be Nicely Padded When House Hunting

So you find your dream home, submit an offer, and the offer is accepted that night. Now the clock starts ticking – you have 24 hours for your deposit cheque to be delivered to the listing brokerage.  (Typically the buyer's real estate agent will pick it up from the buyer and then deliver it to the listing agent's office on behalf of the buyer).

It's something I find that a lot of first time home buyers are unaware of or maybe forget about in the middle of all the excitement from buying their first home. 

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