Do you want content like this delivered to your inbox?

3 Strategies Smart Buyers Used When They Bought Their First House


3 🔥 Tips for First Time Buyers

Jordan Rossman

After spending the majority of my life in Orillia, it's fair to say I ❤️ my community...

After spending the majority of my life in Orillia, it's fair to say I ❤️ my community...

Jan 2 3 minutes read

I recently asked my business partner, Kaleb Streeter, for 3 tips he would give to any first-time buyer. What he told me was so great, I had to share!

1. Get a "real" Pre-Approval

Most banks have online affordability calculators and other tools that you can use to find out what purchase price you may be able to afford.  Those tools can serve as a good baseline, but the reality is, there is more to a mortgage approval than your basic income information. 

Kaleb refers to a formal pre-approval as the "golden ticket" in real estate.  Once you have one, you can actually go shopping with confidence!

Before you start looking at houses, meet with a mortgage professional at a bank or a mortgage brokerage, and provide the necessary information to get a formal pre-approval.  Doing this will help avoid heartbreak, and ensures that you are looking at homes with a realistic budget in mind. 

2. Act Quickly

Over time, house prices go up.  In fact, in the last decade, they have gone up at a much higher rate than wages.  What does this mean?  It means that the longer buyers wait to enter the market, the less affordable homeownership becomes. Now, we're not recommending that you make a rushed decision and buy a house that you don't like.  What we're saying is that if you can afford to buy your first home, decide what you want, find it, and pull the trigger!

3. Your First Home Doesn't Have to be Perfect!

Let's face it - we all want a home that looks like it could be in a Pottery Barn Catalogue, right? Kaleb and I have had years of experience helping over 100 buyers find their next home, and all too often, we see buyers get caught up looking for the "perfect" home.  When your goal is to crack into the Real Estate market, we recommend that you look for future value over perfection.  Look for a home that crosses off your "must-haves", but also has some room for improvement.  Fixing up the ugly powder room and removing Grandma's wallpaper could be your opportunity to build some serious equity so that you can be a little more picky for your next home!

Ready to Buy? 

Understanding our unique buying process is your next step!

Our Buying Process
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info

Terms of Use

This website is operated by Century 21 B.J. Roth Realty Ltd./Jordan Rossman, REALTOR®, a Salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Century 21 B.J. Roth Realty Ltd./Jordan Rossman, REALTOR®, and CREA.


The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate the content of this website.


REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer

The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.


Century 21 B.J. Roth Realty Ltd./Jordan Rossman, REALTOR® may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.