RE/MAX Escarpment Lisa Weber Realty Inc., Brokerage RE/MAX Escarpment Lisa Weber Realty Inc., Brokerage
Each Office Independently Owned and Operated

Thinking of buying a home?

The first question is bound to be, "How much home can I afford?" That depends on a number of factors:

Your selected location. Are you set on a specific area? Downtown? The suburbs? A rural setting?

Your preferred type of home. Detached? Semi? Duplex? High-rise? Link? Townhouse? New or Resale? There are a variety of home styles you will want to explore.

Your income. After all, it's not just the mortgage you have to take into account. There are property taxes, utilities, and in some cases condo or strata fees. As a general rule of thumb, your monthly home-carrying cost should not exceed 30-35% of your income.

Photo of couple purchasing a home

Market conditions. Is it a buyer's, sellers or balanced market?

There are also additional costs to keep in mind. It's a good idea to work out exactly what you want and what you can afford before you begin the search. Be specific! After all, you don't want to suddenly come to the realization that your dream house has come with a nightmare of bills and expenses. Stick to looking at houses in your price range. The more you've thought it out, the better your sales representative can meet your needs.

A part of deciding just what you can afford can be accomplished by meeting with your bank or a mortgage broker and negotiating a pre-approved mortgage. There are many types of mortgages and many different terms. Research all of your options. This ensures that there are no surprises once you're ready to make an offer.

Once you've figured out your monthly expenses and what you can afford, you can start your search. It could happen that the first home you see is the one you want; or you might look at home after home with none of them catching your interest. Rest assured, the home you're looking for is out there, and when you find it, you're ready to make an offer. If your offer is accepted, the next steps are closing and moving into your new home.

Purchasing a home is easy once you put your plans into action.

Client Feedback

My wife and I had been searching a particular area in Burlington for some time. Like many people we would drive through the area imaging what it would be like to move there. Suddenly Lisa called us and told us our dream home was going on the market. We were the first people to go through the home which is a great testament to Lisa and her team for reacting so quickly and put us in the drivers seat to make the first offer which was accepted! Even better was the fact that our home was also sold by Lisa's team within 24 hours of it being listed.

Steve & Sue Caterine

Quick Contact


Mortgage Rates