Buyer's Guide

Looking To Buy?

Whether you’re buying a house for the first time or an experienced home buyer, it can be stressful to find the right house that fits your lifestyle within your budget. Wedlake Team has first hand experience with buying homes and understands your needs that come with such a large purchase. Provided below is information that can help you out on your home buyer’s journey.

Your Needs:

Determine the basics, such as the minimum number of bedrooms and bathrooms for your family members.

Type Of Home Ownership:

Know the difference between freehold, condo, and co-op. A freehold means that you are the owner, while in a condo you just take care of the inside and pay fees to an association to look after the common areas, and in a co-op you buy shares in the whole building and pay maintenance fees.

Your Budget:

Having a clear idea of your budget and financial options will help you identify things like the right size, location or building type for you. If you are planning of getting a mortgage, it’s a good idea to become prequalified before starting your search.

Your Wants:

Identify the things that would be nice to have, from functional things like a doorman to leisure amenities like pools and saunas.

The Preferred Neighbourhood:

Most cities in Canada have a wide variety of neighbourhoods. Depending on where you grew up or where your family and friends live, you might have a preference for certain areas over other. You will also need to consider the distance to your workplace or other places you visit frequently.

FIRST-TIME HOME BUYER'S CREDIT (FTHBC)

This is a government program that gives first time home buyers a 15% income tax credit on a maximum of $5000 for closing costs like land transfer taxes, legal fees, etc. You are considered a first-time home buyer if neither you nor your spouse or common-law partner has owned and lived in another home in the year of the home purchase or in any of the last four years.

Let us find you the perfect place
in oakville or burlington

If you are looking at buying or selling in Oakville or Burlington, Wedlake Team can assist you with her real estate knowledge and understanding. Contact The Wedlake Team to find the perfect place for you.