Buying your first home is an important milestone in your life, filled with excitement and anticipation. Yet, without the right advice, this process can become a source of anxiety, especially in a city as dynamic as Brossard. This article, by Anna Estephan, a renowned real estate broker in Brossard and on the South Shore, offers a guide for first-time buyers. From budgeting to choosing your final home, follow these key steps for an informed and serene buying experience.
1) What are the main criteria for selecting a property?
A) Financial criteria:
- Budget without renovation work
- Budget with renovation work
B) Immediate surroundings of the house:
- Geographical area
- Distance from centers of interest
- Orientation
- Quiet
C) General condition of the house:
- Condition of structure and facades
- Roof condition
- Interior condition
D) General condition of outbuildings:
- Number of buildings
- General condition of buildings
- Potential of outbuildings
E) Layout and interior fittings:
- Total floor area
- Number of bedrooms
- Number of levels
F) Comfort and quality of finish :
- Heating system.
- Aesthetics and general atmosphere of the property.
- Quality of door and window frames
- Sanitation system (toilets, personal sewage, public sewage system).
G) Garden and grounds
H) Presence of a private garage or shared parking lot
II) Proximity to schools, shops and public services
2) Understanding the Brossard real estate market
With the help of Anna Estephan, dive into the specifics of the Brossard real estate market. This city, appreciated for its vitality and diversity, offers a vast choice of real estate. What's more, many of its homes are valued in excess of several million dollars. Anna will help you identify current trends, guiding you to the property that's right for you and the best time to make your purchase.
Once you've drawn up your list of needs and selection criteria, it's important to be aware of the potential for long-term growth and appreciation in the Brossard real estate market. While we can't guarantee future fluctuations in house and condominium prices, we can see what happened in 2001 and 2011. It's worth noting that price growth was higher between 2001 and 2011 than between 2011 and 2024.
One thing's for sure, property prices in Brossard aren't necessarily the highest in the Montreal metropolitan region, as the table below shows (Centris: 1st quarter 2024). For single-family homes, it ranks 13th out of a sample of 19 municipalities/boroughs. For condos, it ranks 14th. This is just one of the reasons why Brossard is such a popular real estate destination.
3)Setting a realistic budget
Opportunity or not, Anna Estephan insists on the importance of a well-defined budget. Examine your finances from every angle, determine your down payment capacity and familiarize yourself with the various costs associated with buying a home. An accurate budget is the cornerstone of a successful purchase.
4) Mortgage pre-approval
Before you embark on your home search, Anna recommends securing a mortgage pre-approval. This step clarifies your financial possibilities and positions you as a credible buyer. Anna can direct you to trusted financial institutions, ensuring advantageous loan conditions.
5) Property visit and valuation
Anna accompanies you on visits to assess every aspect of each property. She helps you envision your life in each space and take into account all the determining factors.
6) Negotiation and offer on the house
With Anna Estephan's expertise, formulate a convincing offer to purchase and engage in informed negotiations. Anna will make sure your offer is competitive and within your budget.
7) Finalizing the purchase of your home
Once your offer has been accepted, Anna guides you through the final steps: inspection, insurance, financing. She makes sure the transition to home ownership goes smoothly, right up to the handover of the keys.
Buying your first home in Brossard is an exhilarating adventure, made all the more serene and successful with the guidance of a real estate broker from the Estephan Team. Contact them to learn more about the strategy that will help you reach your goal.
Anna Estephan Real Estate Agency Inc.
14 Turin Street, Candiac, QC J5R 0L4
Contact telephone number Anna Estephan: (514) 292-2311
Contact telephone number Samira Estephan: (514) 661-2694
Google Maps Card: https://maps.app.goo.gl/TN2PqfV3XtPgFV468
