Michelle Martin - Real Estate Associate
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Whether you're looking to buy your first home, or planning on selling one of your investment properties, Michelle Martin with MaxWell Devonshire Realty can help you through the process! Connect with her today!
Servicing:
-Edmonton
-Sherwood Park
-St. Albert
-Spruce Grove
-Stony Plain
-Fort Saskatchewan
-Acheson
-Nisku
-Beaumont
-Leduc
...and more!
Making Home Ownership Attainable: Tips from an Edmonton REALTOR® for First-Time Home BuyersGrowing up in a single parent family near Vancouver, home ownership not only wasn’t something I considered, it wasn’t even an option on my radar. Moving to Alberta and becoming a real estate professional and REALTOR® in Edmonton, I can see how attainable it is for everyone who grew up in my similar situation. I am passionate about helping first-time home buyers in Edmonton navigate this path, putting them in touch with the professionals that have the tools to guide them, and showing them the options that are out there to help them reach the keys to their first home.Because, let’s face it, saving for a down payment while paying rent prices these days is difficult, to say the least. It can seem, unless you have help from family or have been saving since you started elementary school, the reality of entering the real estate market just keeps getting increasingly out of reach. Fortunately, Edmonton is the last affordable major city in Canada, without competition. Speaking with a financial advisor and mortgage broker early on in your journey, will be key to your success.At the time of writing this, there are about 60 affordable condos for sale in Edmonton listed for less than $100,000. If you are buying a home as your primary residence, only 5% down payment is required. That’s only $5000! And to qualify for that mortgage, you would need a full-time job that pays a minimum of $21/hr*. Seeking advice from the financial specialists, they can go over your unique situation and see what options are available to you. One option you could ask about is if you are eligible to borrow your down payment in addition to the mortgage. It’s not available to every situation, and it’s generally not advertised as an option, but it is there to help folks with good credit, who are finding it difficult to save for their down payment, while juggling all the expenses life throws their way.REALTOR®. Member of The Canadian Real Estate Association and moreDISCLAIMER
This article is provided for informational purposes only and should not be relied upon as legal, financial, or tax advice. Real estate regulations and market conditions may change. Contact a qualified professional regarding your specific situation.
