Are you overwhelmed by the Fraser Valley housing market but still interested in purchasing your first home? Here are some of my tips for first time home buyers to get into this real estate market without breaking the bank.
1. Get pre-approved for a mortgage.
Getting pre-approval is an important first step in the home purchasing process, particularly for first-time buyers. What you can afford to spend is determined by your pre-approval. Getting pre-approved for your first mortgage also marks you as a serious buyer and lets you jump on putting in an offer without waiting for your pre-approval to come through. For more information on pre-approval check out my article Are You Ready to Quality as a First Time Home Buyer?