top of page

Are You Ready To Become a Homeowner?

realtorjody


Are you ready to become a homeowner?

While individual circumstances vary, there are a few rules of thumb that can help you decide if this is the right time for you. For example:

  • Are you ready to commit to living in one home for the next few years? If there’s a good chance you may need to move in six months, it’s probably not an ideal time to buy.

  • Are your career and short-term plans fairly stable? Or are you thinking about making any big changes that could have an impact on your housing needs, personal situation, or income?

  • If you’re currently renting, are you ready to take care of all the repairs, maintenance, and other tasks that come with owning a home?

  • Perhaps most importantly, are you financially ready to own a home? Buying a home could be the biggest financial decision you ever make. Just remember to factor in all the expenses that come with homeownership, not just the mortgage payments. This includes things like condo fees, insurance, utilities, repairs and maintenance, and property taxes.

“When a buyer is thinking about buying a new home, their decision should be based solely upon their needs,” Halabi says. “An expanding family, marriage, moving to a new city, getting into a new school district—these are all life moments that may require a new home.”

For Hough, the “right time to buy” is less about what’s happening in the market, and more about your personal choices and circumstances.

“If you have the down payment, income, and are ready to make the move to being a homeowner, then it’s the right time to buy,” she says. “We can’t time any market. So as long as you’re in the position to purchase, the right time is when you’re ready.

“Real estate is generally not a short-term investment where you can try and time the market for one or two years,” she adds. “But if you stay invested in real estate long term, you can generally do well.”



0 views0 comments

Recent Posts

See All

コメント


Leave Me a Message

Thanks for submitting!

Email / Call Me

Tel: 416-709-8663

Office: 416-535-8000

Email: RealtorJody@royallepage.ca

Address: 110 Weston Road

Toronto, CA M6N 0A6

Royal Le Page Logo.png

MLS® Disclaimer

 Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Royal LePage Supreme Realty, Brokerage may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved. Last Updated: July 21, 2023 3:58 AM UTC

 


The property information on this website is derived from Royal LePage listings and the Canadian Real Estate Association's Data Distribution Facility (DDF®) . DDF® references real estate listings held by brokerage firms other than Royal LePage and its franchisees. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information. Contact information is provided to facilitate inquiries from consumers interested in real estate services. Please do not contact the website owner with unsolicited commercial offers.

The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

All offices are independently owned and operated, except those marked as indicated on rlp.ca/disclaimer. © 2023 Bridgemarq Real Estate Services Manager Limited. All rights reserved.

 

 All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Royal LePage Supreme Realty, Brokerage may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2023 All rights reserved. Last Updated: January 1, 1970 12:00 AM UTC 

bottom of page