1.) Do You Have a Good Credit Score?

Make sure to check your credit score report months before purchasing a house. If there are problems, Param Suri can work with you to solve any errors. Without a good score, obtaining a mortgage can be difficult.

2.) How Much Can You Put Down For a Deposit?

Don’t worry if you cannot afford to put down the usual 20%, Param Suri can help you get access to a variety of public and private lenders. These organizations offer low-interest mortgages and accept smaller down payments.

3.) How Much Can YOU Actually Afford?

Sometimes, the bank will give you much more than you really want. It is important to look at the total cost of the house, not just the monthly mortgage payment. A house’s total costs include the down payment, the property taxes for the neighborhood, home insurance, renovation costs, legal closing costs, etc. After considering all the factors, you should make an informed decision about how much of a loan you really want to take on.

4.) Mortgage Pre-Approval 

Getting Pre-approved for a mortgage before you start house-hunting is a great idea! If a Lender pre-approves you, the lender will give you a written confirmation or a certificate for a fixed interest rate. However, remember that this written confirmation is usually only good for a specific period of time. But, this will remove some stress from your mind and also give you a good price-range to keep in mind when looking for a house. Also, just remember that a pre-approved mortgage is not a guarantee of being approved for a mortgage loan.


1.) How Should You Determine What Offer To Make?

Before making a bid on a house, Param Suri can help determine the sales trend of similar homes in the neighborhood. This is an important step because if similar homes have previously sold for $400,000, then you should bid around this figure. Only a Real Estate Agent has access to this kind of information.

2.) Do Not Offend the Seller with a Low Bid

A lot of people think you should start with a relatively low bid; however, that can sometimes be a mistake. You should make your opening bid something that is fair and reasonable. The best thing to do is to look at the market with your Real Estate Agent and determine what other homes have gone for in that neighborhood.

3.) Tax Rebate? YES PLEASE!

Did you know that first time home buyers can get a maximum of 2,000 dollars as a tax rebate for the purchase of their first house? Call Param Suri for further clarifications and other details.

4.) Any Conditions to Include In the Offer?

It is important that when you make an offer, your agent includes a Home Inspection Condition. Even if the house looks amazing from the outside, it can still contain internal flaws. In a home inspection, a trained professional inspects the property. If the home has serious defects that were undisclosed by the seller, you can rescind your offer and get your deposit back. Also, another tip, you might be able to negotiate the price down some more, in order to compensate for the future repairs.


1.) Someone You Trust

The best quality to look for in a Real Estate Agent is someone you trust and know. It should be someone you can trust to look out for your best interests, not just their own commission fee.

2.) Someone Who Has Knowledge of the Area

Your chosen Real Estate Professional should have immense knowledge of the area in which you wish to buy a home. With the correct knowledge, the Real Estate Agent can advise you in regards to which specific area will satisfy your individual needs and wants.