Buying a first home is easier when decisions are made in the right order. In Brossard, property type, proximity to the REM, condo fees and neighbourhood differences can affect both budget and lifestyle.
Key takeaways
- The lender’s borrowing limit is not necessarily a comfortable spending target.
- A condo near the Brossard or Du Quartier REM stations, a family home in an established area and a property near schools serve different priorities.
- Before setting a price, review comparable sales, competition, property condition and available documents.
Build a budget beyond the purchase price
The lender’s borrowing limit is not necessarily a comfortable spending target. Your budget should also include taxes, insurance, utilities, condo fees, maintenance and transportation.
A mortgage pre-approval helps define the search and prepare a credible offer. My previous experience as an RBC mortgage specialist helps me identify issues to validate promptly with your lender or mortgage broker.
Choose a lifestyle before an address
A condo near the Brossard or Du Quartier REM stations, a family home in an established area and a property near schools serve different priorities. Start by separating essential, desirable and negotiable criteria.
During visits, also observe traffic, parking, noise, sunlight and the upkeep of nearby properties. These factors are difficult to change after buying.
Move from a visit to a well-considered offer
Before setting a price, review comparable sales, competition, property condition and available documents. The promise to purchase also addresses financing, inspection, inclusions, dates and other relevant conditions.
Once accepted, the promise to purchase binds the parties. Deadlines must be tracked carefully through the fulfillment of conditions and the notarial closing.