First-Time Home Buyers

Benefits of Being a First Time Home Buyer
Pride of ownership
Security & Independence
Equity growth through paying paying your own mortgage
Capital Appreciation and Increased Net Worth
Tax Rebates & Tax Credits

There is a monetary and emotional balance in owning your own home. Besides the pride of ownership, there are financial advantages to buying your first home. Owning gives you the ability to build equity and increase your net worth: instead of paying your landlord's mortgage, you pay your own.

Rebates & Tax Credits are offered the first time residents buy property.  CLICK HERE

Pre-Approval for a Mortgage

Obtaining financing is a straightforward process. The first step is to get pre-approved. This helps you realize how much you can afford to spend on your property, what kind of mortgage you're comfortable with, and will also verify that you qualify for financing at this time in your life. It is crucial that you know what your options are and that you search for a property within your means.

Key benefits to being pre-approved:

• Shows that you are qualified
• More attractive to sellers
• Identify the maximum amount a lender will provide
• Establish your monthly payments - include your strata, property tax and hydro costs
• Gives you the option to lock-in an attractive interest rate - ensure that you do this
• No surprises - know what interest rate you qualify for
• Peace of Mind - know that you're qualified before making an offer on a property

For most First Time Homebuyers, a large portion of personal savings will be dedicated to this single purchase, so it's important to understand and learn as much as you can. When looking at listings take notice of the rental covenant for each property. This can affect the property's value or owner use:

Residential (Res) indicates that you can live full or part time, or you can rent out to long term tenants only (1 month or more)

Employee Restricted (emp) means that the occupants (renters or owners) must live and work in Whistler

Phase I properties can be lived in full or part time; or can be rented on a short (less than a month) or long term

Contact me for more information about buying. I can provide you with local contacts for financing and I can help you narrow down properties that will suit you and your needs. I will provide you with the tools you need to be successful in your home search and I'll help you make a good investment decision.