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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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Before You Fall In Love with A Vancouver Condo You Can't Afford

 

Vancouver Condo Real Estate Video Blog #663 - May 12, 2011

 

Before You Fall In Love with A Vancouver Condo You Can't Afford...

 

Ian Watt video blogs about how buyers should speak to their mortgage broker or bank before they Fall In Love with A Vancouver Condo they can't afford. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. Please note that opinions, real estate practices, prices and data always changes over time, so please keep in mind the date when this video was published as the information could have become irrelevant over the past days, months and years. Copyright iWatt Media © All Rights Reserved 2011 www.iWatt.ca .

 

Ian Watt: Hi good afternoon it's Ian Watt in Downtown Vancouver. Now in Vancouver, were lucky that the prices are so high most of the people are second, third, fourth time buyers but complications do happen it's not just with first time buyer it's what with everybody. So before you get out there and you start looking for a property, before you even write on a property, before you even go to with open house and think of writing an offer. Maybe what you should do is be to a mortgage broker talk to your bank find out exactly how much money you can afford. Because just by going to realtor.ca or some realtors website filling out this kind of mortgage calculator it doesn't really show what you can get. It would show, yeah you can get this much if everything is perfect but some people are self employed, some people haven't been at the job long enough and some people have terrible credit so things like that do affect how much money you can borrow so speak to your mortgage brokers your bank and don't waste you own time and definitely don't fall in love with the property you can't afford. My name is Ian Watt you have any questions you can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!