Are You A First Time Home Buyer?

Purchasing a residential property is the greatest investment most families will ever make. However, in some cases, individuals enter into these transactions unprepared and unfamiliar with the procedures and the responsibilities involved in home ownership. First time buyers may not know what questions to ask and who to ask, thus they may end up having insufficient information and therefore making regrettable decisions.


Lorri Brewer over the past twenty years of her career has dealt with countless First Time Home Buyers. It is imperative that a buyer fully comprehend the entire process of purchasing and owning a home as the prospect exists for the loss of many thousands of dollars as well as unfortunate and expensive legal entanglements. That is why the decision to purchase your first home should not be made lightly or impetuously, and careful consideration must be given to each of the many factors involved in the purchase and long term ownership of any residential unit.

Family Security in Home Ownership

As a home owner, Lorri Brewer knows that there is nothing like owning a home that measures the financial and emotional stability for any family. Home ownership has historically proven to be an excellent investment: far outstripping the stock market, bank deposits, or the overall rate of inflation. Families also appreciate the freedom to redecorate, expand, reconfigure, or customize their residences in any way they deem fit.

Costs of Home Ownership

However, home ownership also carries with it significant responsibilities. The purchase of a home invariably demands a sizeable down payment as well as significant closing and legal costs. Over and above the mortgage payment there are also various taxes, levies and utility payments many renters do not have to confront. Maintenance and repairs also represent considerable expenditures, as when the roof leaks or the electrical shorts out it is not sufficient to just call the landlord or manager and let them take care of the situation.

Lorri Brewer Can Help With The Buying Process

The process of purchasing a residential property is a thrilling time in anyone's life and it is easy to let emotions take over common sense. It is to be expected that purchasing a home is an emotional process, but a fundamental key to a successful real estate transaction is that cold reason and hard facts be considered first and foremost.


Lorri Brewer will help you sort through the excitement and help you stay focused on the important details through the negotiation proceedings, closing, and possession day process. It is important to make sound, logical, and correct decisions while you are closing the largest investment of your life. So if you are thinking of purchasing and need some guidance, Lorri Brewer is here to help you with your real estate investment.

Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.