Three Mistakes Vancouver First Time Home Buyers Make

by Maggie Chandler on September 17, 2012

in Buyers

  • SumoMe

A recent TD Canada Trust poll found first time home buyers regretful of mistakes they made when buying their first home. They listed the top three  mistakes as *be more thorough when budgeting and accounting for all the costs of home ownership *make a bigger down payment *buy a home sooner. Are you surprised by these findings?

Vancouver First Time Home Buyers Checklist

Personally, I’ve always thought that buying a Vancouver  home is a better long term (25 years or more) decision. Forget the flipping, speculating and consignment of pre-sale contracts. This is gambling. Think of a home as a place to live and build equity over the long run. Make a checklist

  1. organize your finances by making a household budget, calculate your downpayment
  2. find out about closing costs which will be another 2-3% for legal fees, taxes, building inspection, high ratio mortgage insurance, moving costs
  3. calculate your monthly costs which’ll include  home insurance, maintenance fees, property taxes, heating
  4. hire a real estate lawyer who will review your contract, check the title, transfer the title and review the closing process
  5. find a certified building inspector and find out what the inspection costs and what is covered in their report
  6. hire an experienced realtor with at least ten years in the business, be sure they are a neighbourhood specialist and a Vancouver condo realtor

Home Sweet Home Vancouver

It’s now a good buyers market with an excellent selection. You can take your time , plan properly and prepare. Then you will be equipped to make the right decision. Check out my Buyers guide and the process, at top of homepage.

P.S. I am your Vancouver real estate condo realtor! Decades of experience and hyper-local info! Locally known and internationally marketed!

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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