Episode 013: Become a First-Generation HomeBuyer with Elm & Oak Real Estate
A house is a major financial decision requiring careful consideration and planning. It can be an exciting and rewarding experience. It can also be overwhelming and stressful, especially if you are the first in your family to buy. One of the first things you need to do is work with a reputable real estate agent who understands your needs and priorities.
I am excited to have Elizabeth Anderson & Michelle Glasgow, two of the Elm & Oak Real Estate trio, join us to share their expertise on buying real estate. The Elm & Oak Sisters have a wealth of experience in the industry and have helped countless first-time home buyers navigate the process of purchasing a property.
In this episode, we'll discuss the current state of the real estate market, tips for finding the right property, and the ins and outs of the buying process. We'll also delve into the unique challenges that first-time and first-generation home buyers, particularly women of colour, may face and strategies for overcoming them.
Whether you're a first-time homebuyer or looking to expand your real estate portfolio, this episode is packed with valuable information and insights.
What you’ll learn:
What You Need to Consider Before Buying a House
Working with a Reputable Real Estate Agent
How self-awareness and knowledge are key to overcoming fear
Your next steps toward home ownership.
Timestamps:
0:02:40 - Challenges and Advantages of Working with Family in Business:
0:04:43 - Current Trends in the GTA Real Estate Market: A Discussion with a Realtor
0:12:59 - Real Estate and Mortgage Broker Knowledge
0:14:56 - Tips for Navigating the Process from a First-Time Home Buyer
0:18:05 - Exploring Resources for First-Time Home Buyers
0:22:12 - Educating First-Time Homebuyers on RRSP Withdrawal Implications
0:25:55 - The Role of a Deposit in Real Estate Transactions
0:30:27 - Strategies for Closing on a Home Purchase
0:36:35 - Navigating the Process of Buying a Home and Finding Financial Advisors
0:45:29 - Sacrificing Short-Term Comfort for Long-Term Gain
0:52:52 - Pre-Construction Home Buying Advice for First-Time Homebuyers
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