Become a First-Generation HomeBuyer with Elm & Oak Real Estate
Today, we highlight the success of Michelle Glasgow and Elizabeth Anderson, sisters who have combined their experience in the real estate industry and their passion for serving first-time and first-generation buyers to create their business, Elm & Oak Real Estate.
Michelle has been in the industry for 16 years, and Elizabeth has been working alongside her sister for many years, providing administration support. Together, they have convinced their third sister Loretta Rodney-Campbell to join the team and create a family business.
One of the advantages of working with family is that they know each other's strengths and weaknesses, which can help to diffuse a situation before it gets out of hand. Self-awareness is key in any business venture, and the sisters have utilized it to their advantage.
They understand the importance of knowing what you want and not getting seduced by prices, which has been a great asset in starting their business and will continue to be a benefit in their future endeavours.
Michelle and Elizabeth discussed the current trends in the GTA and Toronto markets in 2023. Despite interest rate hikes, statistics show that prices are still high, and areas such as the Durham region and the east ends still have multiple offers. In contrast, the inner core of Toronto had a dramatic price difference due to the pandemic. For first-time buyers, it is important to speak to a professional to help strategize how to navigate the market.
When first-time homebuyer is considering their options, they should speak to a professional to get an understanding of what needs to be done before they can buy. This professional can look at their credit score, evaluate their income and down payment, and advise them on what needs to be done to be ready to buy.
They can also set them up with a mortgage broker partner who can look at all the details and information to determine how much they would qualify for. The buyer and the mortgage broker can work together with the help of an experienced real estate agent who can provide strategies and assistance along the way.
So grab a cup of coffee or tea, get cozy, and join us for this wealth-building conversation with the Elm & Oak Sisters!
Are you ready to get into real estate?
What’s your biggest insight, aha, or takeaway from today’s conversation? Most importantly, how will you put that insight into action in your own life?
Leave a comment below and let us know.
Then, save your seat for the Passive Investing for Your Retirement masterclass. Learn how to set an investment plan to stop worrying about whether you will have enough to stop working.
Until then, let’s stay connected — to ourselves and each other.
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