Real Estate AgentsAt the real estate office of Nancy- Jo & Iain Gurr, we are real estate agents who have helped hundreds of people purchase real estate throughout the Georgian Bay area. Thanks to this experience, we have a few tips to offer you if you are interested in buying a new home in the future.

  1. Set a budget—As your real estate agents, we cannot stress enough how important it is to set a budget for yourself, whether it is your first time buying a home or your fifth. Determine how much you can afford your mortgage payments to be every month, and do not forget to account for extraneous expenses, like homeowners insurance.
  2. Know how much closing costs will be—When you purchase a home, you will need to pay closing costs and a down payment on the property. As real estate agents, we recommend putting down 20 percent on the home. Additionally, closing costs are usually about 3 percent of the total loan amount.
  3. Research your utilities—If you are moving into a larger home, or into a home that is older than your current one, find out what your utility bills will be like based on what energy costs are like in the area.
  4. Manage your debt carefully—After you move into your home, it may need new appliances, a new roof, or another major repair. Be wary of carrying too much debt so you can avoid missing mortgage payments.