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Wednesday, September 3, 2008

Women Going Solo

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Waiting to Buy with Mr. Right?

 

Wrong.  According to a recent survey, more women than men were first time home buyers in Canada.  Single women are not only more independent today, but are also earning higher incomes.  Women today are better educated and more financially independent than ever before. They understand that investing in a home is a great way to build equity. They also want the economic security and tax benefits that come with home ownership. Some words of advice for those who are ready to take the plunge of buying by themselves. 

  1. Get pre-approved for a mortgage.  Know how much you can afford to buy without stretching yourself and your finances thin.
  2. Decide what factors are important to you.  Is security an issue?  Is a swimming pool in the building a must have or perhaps a balcony where you can bbq?  Make a list of what you value most in a home.
  3. Choose a great Realtor.  An experienced realtor can help you navigate through the process of looking for a home and help facilitate a smooth transaction.  They can also help recommend a reputable home inspector and negotiate on your behalf. 

Your first purchase may not be your dream home, but the important thing is to get into the market.

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