If you are thinking about buying a home, now is a great time to do so because prices are only going to keep going up. Oshawa real estate is hot now and homes sales keep going up year after year. Whether you want to buy a home to live in or you want to rent it out as an investment, you can’t go wrong when you buy in Oshawa. Read on to learn more.
Oshawa Ontario is a lovely place to live. It sits next to lake Ontario and is a quick 30 minutes from Toronto. The town is known for its auto manufacturing plants and colleges. There are two major colleges in Oshawa which attracts many people to the area.
When you are looking for homes there, you will find both new and old homes for sale. It all depends on what you want and how much you are willing to pay for your new home. It is important to think long and hard about what you really want in your house.
If you are thinking about buying a small house because it is cheaper, you have to look into the future and decide if you might eventually want to expand your family some day. If you do, you want to invest in a larger house that can accommodate more people at some point.
It is also important to take a long hard look at your finances and see what you really can afford. It doesn’t make any sense to look at the best houses when you won’t be able to afford them. You should only be paying about 30 percent of your income towards your mortgage.
You also want to make sure that your credit report is in great shape. If your credit isn’t good, you are going to have a difficult time getting a mortgage at all, and if you do get one, your interest rate might be sky high and that will cost you a ton of money down the road. Before you even apply for a loan, be sure to get a copy of your credit report and go over all the entries to make sure that they are accurate.
If you find any entries that are not accurate, you will want to dispute them with the credit reporting agency and see if you can get them taken off your credit report. An inaccurate entry can really cost you. Once you have your credit report squared away and you know that you have a good score, you can start applying for loans or you can find a mortgage broker to work with.
Make sure that your Oshawa real estate agent is trained and has lots of experience selling houses. Interview more than one agent to make sure the agent you end up working with is someone you get along with and really want to work with. Make sure you know what the fees are going to be as well so there are no surprises.