From Renting to Owning
May15th, 2011 in the Calgary Herald by Mario Toneguzzi
Check out this article in the Calgary Herald about first time Calgary home buyers where I was quoted!
“Cody Battershill a REALTOR® with Re/Max House of Real Estate, cites several benefits to home ownership. They include being your own landlord, building equity, not paying capital gains on the sale of a property, building a nest egg for retirement, pride of ownership and providing a home for your basic needs.”
For first time home buyers financial considerations are always at the top of the list when contemplating home ownership. How much of a down payment do you have? Can you get a pre-approved mortgage? What about the monthly costs of owning a home? How do you factor in rising mortgage rates? What about the possibility house prices could decline and so could the value of your home after your purchase it?
“Buying your first home will be exciting and will be one of the most memorable and largest purchases you will ever make” says Battershill. “The key to avoiding regret or cold feet or buyers remorse is to be 100% happy and completely comfortable with your decisions every step of the way.”
“If you are unsure of something simply take some time, don’t rush and don’t let anyone rush you around or pressure you. Sleep on your decision or take some extra time to think. This will let you relax and really evaluate every option. You will make the best decision for yourself.”