Are You Ready For Home Ownership?
First Time Home Buyer?
Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color they like. While these privileges are available to homeowners, they come with the responsibilities of a mortgage, taxes and home maintenance. Owning a home is a serious investment.
Questions for Prospective Homeowners
Are You Ready To Buy?
Owning a home is a huge responsibility. When you buy a property, you are committing to making it your home. You aren’t just investing in a house; you are investing in a neighbourhood, a city, a lifestyle and your future. Make sure you are ready to commit.
How Much Can You Afford?
It can be discouraging to find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. Remember: a home is what you make it, not what the price tag says.
What Is Your Debt-To-Income Ratio?
Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. For example, what you can afford in a rural area may be drastically different than what you can afford in a highly sought-after urban area.
What Do You Want?
Do you like the idea of someone else cleaning your gutters? Is a backyard important to you? The answers to questions like these can help you narrow down the search for the right type of property for you. Remember to think long-term!
We Can Help!
You Need A Good Agent Who Will Work Hard For You
When you partner with Team Ken Richter to buy your first home, we will merge what you want with how much you can afford to find you the perfect property. We know the first time buying a home is overwhelming, but don’t worry; we’re here to support you in every way possible.
Keep Your Objectives In Mind When Visiting A Home
Sometimes the idea of owning a home can overwhelm your practical sense, so keep your feelings in check. Keep a list handy of the features that you do and don't want in a home, and judge each home by the list instead of by details that could distract you from your goal.
Engage The Services Of A Good Real Estate Lawyer
The legalities of transferring land ownership can be complex; a lawyer is your best defense against any issues. We can recommend several lawyers in the area who might be a good fit for you.
Make The Offer
Taking care of the negotiation period is one of the biggest ways we can be an asset to you. We will prepare the paperwork for your offer and go through it with you before submitting it so you know exactly what is happening.
Get All Necessary Inspections Done
A home inspector will check for signs of harmful materials, evidence of pests, faulty wiring and leaks. There are several inspectors in the area that we work with and trust; we would be happy to make a recommendation.
Do A Final Walk Through Before Closing The Deal
We will do this with you to make sure that everything agreed upon in negotiations is completed prior to the final signing.
From the first interview that determines your requirements to the moment that you receive the keys, Team Ken Richter can help you with the complicated process of buying a home.
What Other Home Owner's Have To Say:
I was very happy working with Team Ken Richter. They were attentive and very supportive. There were a couple extra matters needing attending to and they went the extra mile for us on both of them. Thanks Team Ken Richter!” - Colin R. & Cindy U