Are you tired or renting or considering moving from your parents’ home? Do you have savings or gifted funds from family members for a down payment?
Buying your first home is a major milestone in your life, but the process and terminology can also be intimidating. This is one of the most important decisions you will ever make, and it’s our job to guide you step by step through the process and help you make the best possible choice.
We’ll work with you to obtain a pre-approval, select a real estate agent and lawyer to assist during the offer stage, as well as guide you through the approval process and assisting with any required documentations.
First time buyers may also be entitled to certain exemptions regarding land transfer tax. Taking advantage of the RSP Homebuyers Plan is an excellent way to use your RSP investments for your down payment without being taxed upon withdrawal.
Check out the following link for more info on the program: http://www.cra-arc.gc.ca/hbp/
If a family member can provide gifted funds, those can also be used for a down payment.
As a first time homebuyer, budgeting is especially important, so we will review all costs associated with your new purchase to ensure there are no surprises at closing.