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Do This Before Buying a Home with a Partner!

Do This Before Buying a Home with a Partner!

Going through the homebuying journey with your partner can be a relationship-building experience, but it can also be a challenge! Buying a home, especially for the first time, is a complex process with different moving parts and a lot of money–this can be a recipe for a stressful situation for many people.

The secret to smooth out some of those bumps in the road before they happen? A money date! Going on a money date is a great way to get on the same page when it comes to buying a home.

To go on a money date, set aside a specific time that’s just for talking real estate. You may also want to gather your financial documents and budgets beforehand so you can focus on making decisions together (rather than routing around old paperwork).

When you’re ready to get started, grab some coffee or your favourite beverages and get talking! Here are a few of the things you should cover during your money date.

- Budget: Sit down with your monthly income vs. expenses and then get really clear on how much you can spend on a home. This is the time for both of you to be really honest about what you can comfortably afford and to get on the same page when it comes to expenses.

- Credit Score & Debt: Take a look at both of your credit scores and then any debt that you may have. Decide if you need to pay down debt or work on boosting your credit before starting the house-hunting process. Having a high credit score and low debt-to-income ratio can help you get a lower interest rate on your mortgage, so this is definitely worth discussing!

- Mortgage Amount: Once you both understand how much you can afford and your financial situation, discuss how much you’re planning to spend on a home. You might find that your partner has a very different idea of how much they want to spend, so it’s good to get on the same page here.

Having a money date with your partner before starting the home buying process is a great way to ensure that your real estate experience is a smooth one. By discussing the money stuff that comes with buying a home beforehand, you’ll avoid those common pitfalls and will be more effective by working towards the same real estate goals.

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7202 34 STREET in Lloydminster

I have listed a new property at 7202 34 STREET in Lloydminster. See details here

Commercial or multi-residential land is available for sale, located in the Prestigious Parkview Estates. Conveniently located 10 blocks South of HWY 16 West and walking distance to schools and parks make this the perfect spot to create endless opportunities. Seller will also build to suit and plans are available for future condo units or build for public retail and professional services.

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2009 61 AVENUE in Lloydminster

I have listed a new property at 2009 61 AVENUE in Lloydminster. See details here

Introducing your dream home in the heart of Lloydminster's Newer Lakeside Neighborhood! Step into this modern bungalow at 2009 61 Avenue, boasting over 1300 square feet of contemporary living space. As you enter, you'll immediately notice the stunning vinyl plank flooring that sets the tone for this beautifully appointed home. The kitchen is a true chef's delight, featuring quartz countertops, a convenient butler pantry, and an additional pantry for all your storage needs. The centrepiece of this space is the expansive, electrified island, perfect for gathering with friends and family. The modern farmhouse lighting, with sleek black accents, adds a touch of elegance throughout the home. The primary bedroom is a sanctuary of style and comfort, with an eye-catching accent wall and a luxurious 3-piece ensuite with a custom 4' shower. You'll also appreciate the oversized walk-in closet, providing ample space for your wardrobe. One of the standout features of this property is the exceptional triple-attached garage. It's not just heated but also equipped with a sump and hot/cold water taps, making it a versatile space for all your automotive and storage needs. With over 700 square feet, it's a car enthusiast's dream. The basement is a blank canvas, ready for your personal touch. Whether you envision a home theatre, a home gym, or additional living space, the builder can help you complete the basement to your liking. The outdoor space is equally impressive, with an access door off the kitchen leading to a concrete patio. It's the ideal spot for outdoor dining, and the BBQ line hookups make it perfect for grilling enthusiasts. This home at 2009 61 Avenue offers modern living at its finest, with thoughtful design and quality finishes. Take advantage of the opportunity to make it yours and enjoy the Lloydminster lifestyle in this incredible property.

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 Active Listings (208):

  • Lowest Price: 1 bed, 1 bath, 1,000 sqft, listed at $59,900.

  • Highest Price: 11 beds, 6 baths, 3,774 sqft, listed at $1,800,000.

  • Average Price: 4 beds, 2 baths, 1,256 sqft, listed at $351,921.

  • Median Price: 4 beds, 3 baths, 1,147 sqft, listed at $304,950.

 Pending Listings (4):

  • Lowest Price: 2 beds, 1 bath, 916 sqft, listed at $149,000.

  • Highest Price: 5 beds, 3 baths, 1,416 sqft, listed at $347,900.

  • Average Price: 3 beds, 2 baths, 1,121 sqft, listed at $252,925.

  • Median Price: 3 beds, 2 baths, 1,075 sqft, listed at $257,400.

 Sold Listings (10):

  • Lowest Price: 2 beds, 1 bath, 864 sqft, sold for $112,000 (SP/LP: 89.31%).

  • Highest Price: 6 beds, 4 baths, 2,537 sqft, sold for $680,000 (SP/LP: 98.79%).

  • Average Price: 4 beds, 3 baths, 1,574 sqft, sold for $328,700 (SP/LP: 94.85%).

  • Median Price: 4 beds, 3 baths, 1,324 sqft, sold for $307,000 (SP/LP: 94.73%).

 

The Lloydminster real estate market continues to show a variety of options for buyers, with a range of property sizes and prices available. If you're looking to buy or sell, now is a great time to explore your options.

Remember, these statistics provide a general overview of the market, and individual property values may vary. Feel free to reach out to me for a more personalized analysis or if you have any questions about specific listings.

Harpreet Christie

RE/MAX of Lloydminster

780-205-7653

BorderCityRealEstate.com

#LloydminsterRealEstate #MarketUpdate #HomeBuying #HomeSelling #marketreport #realestateupdate #remax #bordercityrealestate

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5507 15 STREET in Lloydminster

I have listed a new property at 5507 15 STREET in Lloydminster. See details here

Nestled in the heart of the College Park neighbourhood, this spacious bi-level residence is more than just a house; it's a place where cherished memories are waiting to be created. As you step through the front door, you'll immediately notice the updated vinyl plank flooring that gracefully guides you through the home. The freshly painted interiors offer a canvas of endless possibilities, inviting you to personalize this space to your heart's content. The open concept floor plan, adorned with vaulted ceilings, bathes the entire living area in natural light, creating an airy and welcoming atmosphere. The kitchen is truly the heart of this home, featuring beautiful alder walnut stained cabinets and a generously-sized electrified island with a stunning quartz countertop. Whether you're whipping up a gourmet meal or simply enjoying your morning coffee, this kitchen is a dream come true. For those who love the outdoors, the dining room offers seamless access to the backyard, where you can bask in the sunshine and host gatherings with friends and family. The primary bedroom is a private sanctuary with a complete 4-piece ensuite. With a total of 6 bedrooms, there's ample space for everyone in the family. Stay comfortable year-round with central air conditioning, and for those with recreational vehicles, there's convenient RV parking outside. Imagine spending evenings on the deck, grilling your favorite meals using the natural gas line, and enjoying the serene surroundings. To top it off, your vehicles will have a cozy home too, thanks to the double attached garage. 5507 15 Street isn't just a property; it's the canvas upon which you'll paint the story of your life. Make this house your home and let the adventure begin. 3D Virtual Tour Available.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.