Buying a home can sometimes be both exciting and overwhelming. Comox Valley Homes Team is here to guide you every step of the way.

Step 1: Determine What You Can Afford

When purchasing a home, consider both one-time costs and ongoing monthly expenses. The down payment is the largest one-time cost, typically ranging from 5-25% of the total property price. For a purchase price of $500,000 or less, the minimum down payment is 5%, while a purchase price over that amount requires a 5% down payment on the first $500,000 and 10% down on the remaining portion. Additional one-time expenses may also arise.

Step 2: Get A Pre-Approved Mortgage

A pre-approved mortgage saves you time by narrowing your property search to viable options, and protects against interest rate increases. To confirm financing for your dream home, provide a copy of the real estate listing, offer to purchase or building contract, in addition to documents verifying employment, income, and previous year's tax assessments.

Step 3: Choose a Real Estate Agent

When it comes to buying or selling a home, choosing the right real estate agent can make all the difference. An experienced and knowledgeable agent can help you navigate the complex and ever-changing marketplace, negotiate the best terms, and provide expert advice at every step. That's why Comox Valley Homes Team is at the top of the list for all your real estate needs. Our team of dedicated and highly trained REALTORS® has an unparalleled understanding of the local market and a proven track record of success. We are committed to providing our clients with personalized, professional service that exceeds their expectations. With Comox Valley Homes Team, you can trust that your real estate goals are in good hands.