TOP 1% IN CANADA
949 Blossom Street
955 Blossom Street
W
NE
Princess Street
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CONTACT KRISHAN TODAY FOR YOUR
FREE HOME EVALUATION! REGISTERED BROOKFIELD RELOCATION MEMBER
Matt Mundell
Ryan Hanes
C: 613-540-1037
C: 613-876-7926
Sales Representative
1305 Princess St.,
FREE HOME
NEW LISTING! NEW LISTING!
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Ron Pols
Kingston ON K7M
3E3
Kingston, ON 649 Justus Drive, , . ) t
Direct: 613 541-7696 rpols@sutton.com
D! TMENT ALL WEEKEN OPEN BY APPOIN
HAPPY
D!! LONG WEEKEN NE LIST W ING!
kingstonregion.com 219 GREENLEES
DR $349,000
two storey home COURT $455,000 1042 SMALE r Large attractive baths, executive bedrooms, 2 1/2 new storey, all brick r 3 spacious off master, r Beautiful 2 including ensuite room, family home, kitchen (2013) and separate dining dining r Living room dinette area, family room living room and r Dinette area, family room kitchen with large dbl car garage. room, sunken with gas f/p, off 5 large 5 pc ensuite r MLSÂŽ1460543 r 4 bedrooms, master bedroom finished r basement fully POLS.CA 7 r MLSÂŽ1460579 GO TO WWW.RON
www.
RD 6 4370 COUNTY
. a click away.. could be just Your next home FOR MORE PHOTOS
ca efinder. www.htoom in your area view homes Visit today
IC PR
2810 CR #6 WATERFALL CAFÉ • $399,900
The 1904 building has been completely upgraded, and includes a geothermal heating and cooling system. Located in the charming village of Yarker, 30 minutes from Kingston, the main floor, now operated as a seasonal cafe, has vintage charm, amazing lilght and spectacular views. It could be easily repurposed as a studio, gallery, office or teaching space. The stunning second floor loft overlooks the beautiful Napanee River falls, and could just as easily be found in downtown Manhattan!
2014
BROKER
power@kingston.net
1039 HUDSON $289,000 Available immediately, this thoroughly updated 3+1 bedroom back split will make a wonderful home for your family. Features include: eat in kitchen, hardwood floors, large rec-room, covered walk up from basement, private patio and fenced back yard, freshly recapped double paved drive to the attached garage, central air and more. Call today for your private viewing. 190 COLLEGE $425,000 Character abounds in this 1.5 storey 4+1 bdrm gem In the Winston Churchill district. All brick and very well maintained. Include: hardwood floors, cork floor in kitchen, 3 full bathrooms - one on each level, double attached garage, fenced rear yard, large finished bedroom in basement, central air, central vac and more!
Sutton Group – Masters Realty Inc. Brokerage Independently Owned & Operated
TODAY FOR YOUR CONTACT KRISHAN EVALUATION!
Consider it Sold! Ryan Power Gail Power
E: ryan@kingstonSOLD.com
O SU HO PEN N US 2- E 4P M
$1,128.78
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adamkoven.com
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E: matt@kingstonSOLD.com
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80 Queen St., Kingston, ON
*Not Intended to solicit clients already under contract. **Awarded for being in top 1% of all Royal LePage RealtorsÂŽ in Canada. Based on gross closed & collected commissions for a specific award year (Dec 1-Nov 30).
DIRECT: 613-531-2231
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Sutton
SALES REPRESENTATIVE
gpower@kingston.net DIRECT: 613-449-3110
www.realtypower.ca
NEW LISTING
269 AVENUE ROAD â&#x20AC;˘ $387,000
Mint condition 4 level side split in mid town Kingston featuring an amazing kitchen with granite counters, built dishwasher and over the range microwave, deep kitchen sink and breakfast bar all open to the dining and living room area. Floor to ceiling glass tile fireplace, bamboo hardwood floors and relaxing retreat sun room complete the main level. Upper level features 3 generous size bedrooms and updated bath. Lower grade level area has another huge bedroom and a 5th bedroom/office, laundry room with entrance to garage, plus a 3 piece bath and walk out to the backyard. Finish off this beautiful home with a rec room with gas fireplace and sink/bar. Utility area with newer furnace plus extra cabinetry great for a workshop. You`ll love this beautiful family home with in-law potential and many recent upgrades in the past two years! MLSÂŽ 15610121
R0013551628
Blossom St.
â&#x20AC;˘ This must see 3 bedroom, 2.5 bathroom DeHoop townhome offers an abundance of upgrades! â&#x20AC;˘ Oversized lot, walk out basement, main floor mudroom w/ laundry room, large casement windows, sodded lawn & paved driveway
â&#x20AC;˘ Affordable and upgraded 1400 sq ft townes starting at only $269,900 in Woodhaven
JIM NEESON
DANA COMPTON
INTEREST RATES, CED TO HIGH LF FREE! DONâ&#x20AC;&#x2122;T BE SENTEN AND SET YOURSE CONSOLIDATE
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IC PR
250 MAIN ST, BARRIEFIELD VILLAGE â&#x20AC;˘ $995,000
Rosanna Ave.
Carfa Cres.
31, 2014 20, 2014
akoven@adamkoven.com
Enjoy the most beautiful views of the Cataraqui River within this remarkable 3 year old design. It holds all the charm of an historic hill top home on the outside, yet the most exclusive materials available were utilized on the inside. From vintage flooring, custom Stefan Duerst ironwork, to a full Kitcheneering / Downsview kitchen complete with Miele and Thermador appliances. This home was made for entertaining. The main floor footprint has been opened for a spacious feel complemented by 10 foot ceilings. Diamond quality near floor to ceiling windows on both floors offer unobstructed views of the waterfront below. Large bedrooms with spacious closets and 9 foot ceilings, can be found on the second level with an additional family room that could easily be converted to a fourth bedroom. Lighting and bathroom fixtures imported from France are but a few of the unique features you will experience. MLSÂŽ15608476
Evergreen Dr.
School Winston Churchill Publiclot t Located across from deed, on one city t Two houses on same bathroom each of 3 bedroom and 1 t Structures consist opportunity! t Excellent investment MLSÂŽ
ANDREW MCCANN
(613) 539-0000
Your home. Your life.
W
Cataraqui Woods Dr.
& Online.
Thursday, July
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39 LAKEVIEW AVE. KINGSTON $334,900 MLSÂŽ15603419
OPEN HOUSE SUNDAY 2-4PM
Looking for a mortgage? Let us do the mortgage shopping for you! Professional, Honest, Reliable service AND Great Low Rates. Call Today!
Jeff Stafford 613-453-3474
MORTGAGE BROKER/OWNER
FSCO LICENSE# M09001926
Kingston Mortgage Solutions - Lic. # 12248 Franchise of Mortgage Alliance Independently Owned and Operated 739B Arlington Park Place, Kingston, ON K7M 8M8
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Janet MacDonald
613-561-5047
MORTGAGE AGENT/OWNER
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Things to consider before buying an investment property
Price trends Recent sale activity in a given town or neighborhood is something prospective real estate investors should study before buying an investment property. Wouldbe real estate investors can explore real estate websites such as Zillow.com for recent sale information, which may also be available through local government agencies. Such data can be invaluable, showing potential investors which neighborhoods are in demand and which may be in decline. Taxes Investment properties are not eligible for as many tax benefits as primary residences. However, landlords can write off repairs, management costs and other fees associated with rental properties. But it’s not just their own tax bill prospective investors should consider before buying an investment property. Many potential buyers down the road may prefer a property in an area where property taxes are relatively low, so even if you can afford the tax on the investment property, you
may find buyers are unwilling to assume that burden when you put the property up for sale in the future. Location Prospective real estate investors no doubt know the value of location with regard to real estate, but if you can’t afford to buy in a neighborhood that’s currently hot, that does not necessarily mean you can’t still capitalize on that area’s popularity. When a town becomes popular, its property values rise, and many buyers find themselves just barely priced out. When that happens, the surrounding towns tend to become the next hot neighborhood, as these areas are nearly as close to the attractions that make the initial neighborhood so desirable. Buying on the outskirts of a hot neighborhood can set you up to benefit nicely when that area gets too pricey. Schools School systems should be examined even if you do not have children. In a recent Trulia.com survey of American home buyers, 35 percent of respondents with children under age 18 indicated they want to live in great school districts. GreatSchools.org has profiles of 200,000 public, public charter and private preK-12 schools. Investors can use the GreatSchools.org search engine to find information about local schools and school systems so they can better position themselves to buy properties in areas that will appeal to buyers down the road. Real estate can be a fruitful investment, and investors who want to benefit the most from their properties will explore various factors before purchasing a home or home.
TeamCHAMP.ca
Smarter. Bolder. Faster.
GREGenright
JENNmolleson
Broker of Record
Sales Representative
613.453.2122 greg@teamchamp.ca
613.583.8510 jenn@teamchamp.ca
R001R0013551626
Real estate can be an incredibly fruitful investment. Buying a property at the right time can provide investors with a substantial return when they decide to sell, and that opportunity compels many men and women to consider investing in real estate. While there’s no denying real estate can yield a great return on buyers’ initial investments, there’s more to making money in real estate than simply buying a property and waiting for its value to rise. Buyers who are thinking of investing in real estate should consider a host of factors before purchasing an investment property.
TOP TEAM TOP RESULTS Award Winning 2014 • 2013 • 2012 • 2011• 2010
SU H OPE N OU N 2:3 SE 04P M
528 FREEMAN CRESCENT • $289,900 • MLS®15609562
1141 ESCALA CRESCENT • $426,990 • MLS®15610317
1135 SEALE COURT • $899,900 • MLS®15608142
1362 WATERSIDE WAY • $887,900 • MLS®15606388
446 MUD LAKE ROAD MLS ® 15609781 $359,000
18 HERMES DRIVE MLS®15607122 $79,900
2 Kingston Homefinder.ca - Thursday, November 12, 2015
595 BROCK STREET MLS ® 15607524 $289,900
2355 FREEMAN ROAD MLS ® 15609324 $84,900
140 FORD STREET MLS ® 15605846 $319,000
How to make older homes more energy efficient find. Run your hand along doorways and windows to determine if any drafts are coming through. Older homes may also develop cracks in bricks, around the foundation and in siding or stucco. Seal any areas where you feel air infiltrating your home, which will save money, reduce your energy consumption and make your older home more efficient. â&#x20AC;˘ Add insulation. Many older homes are poorly insulated. But according to the United States Environmental Protection Agency, adding insulation can reduce energy costs by as much as 50 percent. Installing insulation can be tricky, especially if insulation was not originally included in your home, as is sometimes the case with older homes. Insulation can become damp and prove ineffective if installed improperly. Damp insulation also may contribute to mold growth and rot in the homeâ&#x20AC;&#x2122;s framing. Older homes may be lacking adequate insulation around attics, crawl spaces, basements, heating and cooling ducts, and water pipes. Cover your water heater with an insulated water heater blanket so the heater retains more
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MITCH THIBODEAU MORTGAGE BROKER Lic: #M09001443
B: 613-384-4000 B: 613-384-4000 ext.241 ext.253 C: 613-453-3663 C: 613-328-6647 MORTGAGE AGENT
Lic:#M09001443 C: 613-328-6647 B: 613-384-4000 ext. 253
A Division of VERICO Blackburn Financial Services Inc.
5 6 mth 16yrmth 2 yr 1 yr 3 yr 2 yr 4 yr 3 yr5 yr 4 yr 7 yr 10yryr ClosedClosed Closed Closed Closed Variable Variable Closed Closed Closed Closed ClosedClosed Closed Closed Closed
Mitch Thibodeau Jeff Dillon Mitch Thibodeau
2.10
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Banks & Companies Trust Companies Banks & Trust BankBank of Montreal 2.70 of Montreal Scotiabank 2.70 Scotiabank CIBC 2.70 CIBC HSBC 2.70 National Bank of Canada 2.70 HSBC Royal Bank 2.73 National Bank of Canada TD Canada Trust 2.70 RoyalGroup Bank Investorâ&#x20AC;&#x2122;s 2.70 Kingston Community Credit Union 3.70 TD Canada Trust Investorâ&#x20AC;&#x2122;s Group
www.mortgageproteam.com
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6.39 4.39
3.75
6.75 4.99
6.19
5.49 3.94 5.95 4.24 6.30 5.95 4.99 5.30 4.64 6.04 4.54 6.50 N/A 4.39
6.04 4.79 6.75 4.99 6.50 6.75 4.50 6.10 4.99 6.50 5.04 6.75 N/A 4.99
6.15
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4.99
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*(O.A.C.) Special conditions apply. Rates are subject to change without notice
5.49 5.95 6.30 5.95 5.75
Kingston Community Credit Union N/A 4.00 3.04 2.99 3.39 3.89 4.74 N/A Blackburn Mews Downtown Office www.mortgageprokingston.com 775 Blackburn Mews, Kingston, ON 613-384-4000 261 Ontario Street, Kingston, ON 613-546-2989(O.A.C) Rates are subject to chang *Certain conditions apply. 775 Blackburn Mews, Kingston, ON â&#x20AC;˘ 613-384-4000 â&#x20AC;˘ Downtown Office: 261 Ontario Street, Kingston, ON â&#x20AC;˘ 613-536-3485 â&#x20AC;˘ East End Office: 490 Discovery Ave, Unit 8, Kingston, ON â&#x20AC;˘ 6
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5151 Cell: 613-532-
HAPPY LONG
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MORTGAGE RATES: Rate Survey as of Monday, MORTGAGE RATES: Rate Survey as of Monday, Nov 9, April 2015 21, 2014
R00128824738
MORTGAGE AGENT Lic: #M08000683
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heat and consumes less energy to heat the water. â&#x20AC;˘ Stay on top of your home. Much like older vehicles, older homes require a little extra TLC on the part of homeowners. Donâ&#x20AC;&#x2122;t allow your home to fall into disrepair. Even if your energy bills are not on the rise, inspect windows and doors to make sure they are closing tightly, as over time such seemingly minor problems can add up to substantial energy loss. Donâ&#x20AC;&#x2122;t forget to clean gutters and downspouts, removing debris that can add up and lead to water damage that may ultimately compromise the effectiveness of your homeâ&#x20AC;&#x2122;s insulation. â&#x20AC;˘ Book an energy audit. Energy audits, which may be offered free of charge by your utility company, can help detect any additional areas where a home may be using energy inefficiently. Even if you have to pay for an audit, the cost savings if any additional inefficiencies are discovered will likely add up to more than the cost of the audit. Older homes are attractive to many homeowners, who can take several steps to make sure their homes are operating as efficiently as possible.
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JEFF DILLON
CELEB
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Older properties tend to have a sense of charm that newly built homes may lack. Perhaps itâ&#x20AC;&#x2122;s their lived-in feel or design elements that remind homeowners of yesteryear that make older homes so popular among home buyers. What older homes have in character they may lack in modern amenities. For example, whereas many homes are now built with energy efficiency in mind, older homes may not be so eco-friendly. Fortunately, there are many ways for homeowners who love their older homes to keep that love going strong while making their homes more energy efficient at the same time. â&#x20AC;˘ Check for leaks and plug any you find. Homes may develop air leaks over time, and such leaks allow air to infiltrate the home. When that occurs, homeowners instinctively turn up the thermostat in winter to combat the cold air getting in. Come summertime, those same homeowners will run their air conditioners on a higher setting in an effort to stay comfortable when hot air is creeping through the cracks. Rather than adjusting the temperature inside, fix any sources of air infiltration you
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R0022471522
Factors to consider when choosing a neighborhood When shopping for a home, it’s easy for buyers to fall in love with a property. A well-maintained home with updated features can be hard to resist, but buyers must consider more than just a home’s appearance before submitting an offer. One variable prospective home buyers tend to value more highly than others is the neighborhood where they will ultimately choose to live. Many buyers even value neighborhoods more than homes, feeling they can always fix a home but cannot necessarily fix an undesirable neighborhood. When considering which neighborhood to begin a home search, buyers should research a host of factors. Crime Crime statistics are public domain, meaning buyers can examine crime figures for any neighborhood where they are considering buying a home. Some real estate websites list neighborhood crime ratings among the information they offer about a given property. In addition, buyers interested in learning about crime in a given neighborhood can visit a site such as CrimeReports.com to access data on crimes committed near a particular address. Home values Home values are another factor to consider when choosing a neighborhood in which to buy a home. Buyers can work with a local realtor to find a neighborhood or area where real estate prices are trending upwards. While buyers might be able to find a great deal on a home in a neighborhood where home prices are dropping, it’s important to remember those home prices are dropping for a reason. Work with your realtor to find a neighborhood where you can afford a home and where property values are not in decline. Realtors will have access to recent sales figures so you can get an idea of whether a neighborhood is trending upward or in decline. Amenities The proximity of amenities such as shopping, restaurants and parks is attractive to many buyers, and that’s something all buyers should consider before buying a home. Even if you prefer a home in a remote location, that could limit your market of buyers when you want to sell the home down the road. While your own comfort and preferences should ultimately prevail over potential resale value, it’s important that you at least con-
Mark Pruefer R0023554968
Direct:
www.KingstonHomeSearch.com
OPEN HOUSE SUNDAY 2-4
NEW PRICE!
Commute Quality of life is heavily influenced by commute time. Many men and women feel their quality of life improves dramatically the shorter their daily commute is. When considering a
Easy Access to the K&P Trail!
Fully renovated home on a huge lot in a central location that’s convenient to everything! 3+1 bedrooms, 2 full baths, open concept kitchen. Basement spray-foamed and fully finished for year-round comfort. Huge double garage. Great value. See you there Sunday 2-4! Dir: Take Arnold east of Sydenham Road south of the 401 to get to 1205 Brass Drive.
$279,900
particular neighborhood, do a test run before making an offer on a home. Wake up early and drive to the area where you are thinking of buying, and then commute from there during rush hour. Also, do the reverse commute come quitting time. You might be able to get an estimated commute time online, but a test run can give you a more accurate idea of what your daily trips to and from the office will be like. Choosing a neighborhood where you will enjoy living requires some forethought and research.
&
Tammy Heath Gurr
Sutton Group – Masters Realty Inc. Brokerage Independently Owned & Operated
Sales Representative
613.539.3325
sider access to amenities before making a decision. You might be able to find a compromise in a home that is a short drive away from a town center, but still remote enough that you are not in the middle of the hustle and bustle.
R0023551650
Your Total Real Estate Package!
www.gurreathomes.com Tammy Direct:(613) 583-0616 Heath Direct: (613) 985-2414
$329,500
$269,000
EACH
214 Mica Point Road
4 A/B Adams Street
Large 4 bedroom, 2 bath cottage divided into 2 units. 100 feet of Bobs Lake waterfront on 0.59 acres with sunset views. Big grassy, open area and level shoreline are perfect for outdoor activities. Year round access with boat dock. Great rental potential! MLS®15609164
New, energy efficient home/duplex designed for easy living. These homes are yet to be built so many choices can be made by the buyer. Close to all Westport amenities and with exterior maintenance available. Great investment/rental potential. MLS®15609992 and MLS®15609993
Hobby Farm South of Sydenham!
4 bedroom 23 year old home on a hobby farm just 15 minutes north of the 401. High efficiency propane furnace, lots of water, miles of wooded trails, horse barn, property legal for 2 horses. Set back off the road for terrific peace & privacy. Your country lifestyle awaits! Call Mark for details. MLS $334,900
Considering a move? START AT www.KingstonMarketValue.com!
$434,900
855 Keenan Drive
$199,900
A beautiful Westwoods home located on a quiet cul- de-sac in Mother Theresa/Lancaster school district. Open concept design, 3 bedrooms, 2.5 baths, large kitchen with granite countertops, gas fireplace and hardwood floors. Cedar deck and nicely landscaped backyard - ideal for entertaining. MLS®15608061
5890 Wilmer Road
Affordable duplex near Perth Road Village. Upper level unit has 2 bedrooms, 1 bath and is currently rented for $700/month inclusive. Lower level unit has 2 bedrooms, 1 bath & walkout basement. Large rear yard and 1.5 car detached garage. Great income property in the country! MLS®15608041
www.gurreathomes.com Kingston Homefinder.ca - Thursday, November 12, 2015 5
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Host a successful open house When selling their homes, homeowners can employ several strategies in an effort to drum up interest among potential buyers. One such strategy is to host an open house, which invites prospective buyers to tour the property. Realtors have long used open houses to introduce properties to the market, and a wellplanned open house can help sellers generate numerous offers in a single day. Whether working with a realtor or listing homes on their own, homeowners can follow a few simple tips to ensure their open house is a success. • Generate publicity online. Nowadays many prospective home buyers do the bulk of their research via their computers and devices. By advertising their open houses online, sellers have the potential to reach a wide array of buyers. Many real estate agents employ sites such as Zillow.com and Trulia.com to promote open houses and showcase properties, so sellers can make sure their agents are taking advantage of these wildly popular sites. Some even allow sellers to list their homes on apps that buyers can peruse on their smartphones. • Generate publicity in traditional ways as well. Traditional publicity should not be overlooked when promoting an open house. A $5 “Open House” lawn sign is an effective and inexpensive way to attract buyers who are driving through desirable neighborhoods looking for their next homes. While the Internet is a valuable resource to promote your open house, the sheer volume of online listings can make it hard to reach potential
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buyers. A traditional lawn sign and a listing in your local newspaper are budget-friendly promotional opportunities that can generate interest in your open house. • Invite your neighbors. Neighbors can be great salesmen for your home and the community where you live. Invite friendly neighbors to your open house and encourage them to chat with prospective buyers. Buyers will appreciate neighbors’ firsthand knowledge about the community, and their friendliness can help to create a strong first impression that increases buyer interest in your home. • Consider some changes to your home decor. When hosting an open house, you might not need to go so far as to stage your home, but you may want to make some changes to the decor to make your home more neutral and appealing to buyers from all walks of life. Remove any potentially controversial artwork or decorative items, replacing them with more neutral items that won’t offend or distract any potential buyers. • Leave the hosting to the professionals. Unless you’re selling the home on your own, resist the temptation to attend your open house. Let your realtor do the work. Your absence can make it easier for potential buyers to see themselves in your home, while your presence may make them uncomfortable or hesitant to explore the property and ask any questions. When hosting an open house, sellers can take several steps to make their homes more appealing to buyers.
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Buying a home for the first time is an exciting period in a person’s life. Deciding to buy a home often indicates buyers are ready to establish firm roots in a community where they can see themselves living for years to come. The process of buying a home is rarely easy, and first-time buyers may feel overwhelmed at times. Such feelings are perfectly normal and felt The Capitol - Terrace View by first-time buyers regardless of their budgets or home preferences. But there are a few ways to make buying a home more enjoyable than it is nerve-wracking. • Examine your finances. The first step toward buying a home has nothing to do with deciding The Capitol - Terrace View if you prefer a craftsman- or Tudor-style home. Before you even begin your search for a home, carefully examine your finances to determine how much is coming in and how much is going out of your household each month. Figure out how much debt you are currently carrying, be it student loan, : t a s te r i automotive, consumer or any other types of debt. g e r 223 PRINCESS ST. | KINGSTON, ON d n THE CAPITOL PRINCESS STREET, a Order| 223 a credit report soKINGSTON, you can ON see how prospeco f tive lenders are likely to see you, and address any see in errors you find on the report before meeting with any lenders. Peruse past bank statements to track your spending habits, looking for areas where you • Spacious bedrooms might be able to scale back if need be. • 1,2,3 bedroom units • BALCONY OR TERRACE SPACIOUS BEDROOMS • Be prepared when visiting lenders. Prospective borrowers can make the home-buying process • 3 bedroom super unit WITH SLIDING GLASS DOORS go smoothly by having all of the necessary docu1,2,3 BEDROOM UNITS • High ceilings mentation ready when visiting potential lenders. Many mortgage lenders will want to see some • Arcade entrance 3 BEDROOM SUPER UNIT • PRE-WIRED HIGH SPEED recent pay stubs (from both borrowers if buying • Balcony or terrace INTERNET ACCESS with a spouse or partner), a couple years’ worth of with sliding glass doors HIGH CEILINGS W-2s and tax returns, as well as your recent bank • SURVEILLANCE CAMERAS IN • Pre-wired high speed ARCADE ENTRANCE internet access PUBLIC AREAS • Surveillance cameras in public areas
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OPEN HOUSE - November 15 1-4pm 613-544-7000 Sales Representative
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Sales Representative Cell: 613-539-4223 mmurphy@sutton.com
Sutton Group Masters Realty Inc., Brokerage • 1650 Bath Rd, Kingston, ON • K7M 4X6 • 613-384-5500
THE CAPITOL | 223 PRINCESS STREET, KINGSTON, ON
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8 Kingston Homefinder.ca - Thursday, November 12, 2015
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Sutton Group Masters Realty Inc., Brokerage • 1650 Bath Rd, Kingston, ON • K7M 4X6 • 613-384-5500
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statements. You can always call ahead and ask lenders what they need to see when applying for a loan. Having these materials ready in advance means you will spend less time at the bank and more time finding the right home for you. • Secure financing before you begin house hunting. Many first-time home buyers might not realize the benefits of securing financing before they begin looking for a home. Mortgage preapproval lets buyers know how much a bank will loan them, meaning they won’t spend time looking at homes they can’t afford. In addition, preapproval means buyers won’t lose out on their dream homes as they scramble to secure financing after making an offer. • Work with a local real estate agent. Real estate agents are an invaluable resource to home buyers and are especially valuable to those buyers who have never before purchased a home. Agents can help first-time buyers navigate the often confusing and, at times, disappointing process of buying a home. Choose an agent who is established in the area where you want to buy a home. He or she can provide information about local property taxes and schools as well as a multitude of additional issues that first-time buyers may not think of. Agents also know the lay of the land regarding home prices, which can ease first-time buyers’ fears about overpaying for their first homes. A home is the biggest purchase many people will ever make. First-time buyers may be intimidated as they begin searching for their homes, but there are several ways to make the process go smoothly.
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