I became a realtor because I watched my own family navigate the dream of homeownership without much guidance. So if this is your first time, my goal is simple: help you feel informed and in control at every step.
In this article
Get your finances ready first
Before you fall in love with a listing, get a mortgage pre-approval. It tells you exactly what you can borrow, locks a rate for a set period, and shows sellers you're serious. I can connect you with a trusted mortgage professional if you don't already have one.
In Canada, the minimum down payment is 5% on the first $500,000 of a home's price and 10% on the portion above, with 20% required at $1M or more. If you put down less than 20%, mortgage default insurance applies — worth understanding early.
Budget beyond the purchase price
First-time buyers are often surprised by closing costs. Plan for land transfer tax, legal fees, a home inspection, title insurance, and moving costs — a useful rule of thumb is 1.5%–4% of the purchase price. Ontario also offers a land transfer tax rebate of up to $4,000 for first-time buyers.
You can estimate your monthly payment and your land transfer tax with the free calculators before you start touring.
The right home is the one that fits your life and your budget — not the one that stretches you to your breaking point.
Know your must-haves
Make two lists: your non-negotiables (location, number of bedrooms, commute) and your nice-to-haves (a finished basement, a specific kitchen). This keeps you focused when emotions run high and helps me line up the right showings. In Simcoe County, think about lifestyle too — proximity to schools, the waterfront, transit, and how far you're willing to commute.
Making a confident offer
When you find the one, I'll help you read recent comparable sales and current competition so your offer is strong but smart. We'll talk through price, conditions (like financing and inspection), and timing. In a busy market, preparation lets you move quickly; in a calmer one, you'll have more room to negotiate.
Common first-timer mistakes
- Skipping pre-approval and shopping without knowing the real budget.
- Forgetting closing costs and being caught short near completion.
- Waiving an inspection without understanding the risk.
- Falling for a home that's over budget "just this once."
None of these are hard to avoid with a guide in your corner — that's exactly what I'm here for.
Lindsay Benavides
A proud Latina REALTOR® with Keller Williams Realty Centres, helping first-time buyers across Barrie and Simcoe County buy with confidence. Se habla español.
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