If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common mistakes when buying your first home.

  • Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home.
  • Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.
  • List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes - things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
  • Representation by a Professional: Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller.
  • Focus & Organization: In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:
  1. One or more detailed maps with your areas of interest highlighted.
  2. A list or file of the properties that your agent has shown to you.
  3. Paper and pen for taking notes as you search.
  4. A camera to snap pictures of homes you have toured to help you remember your favorites and features you really liked.
  • Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?
  • Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many houses on the market, so don't make a hurried decision that you may regret later.
  • Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Don't forget such essentials as:
    1. Include inspection & mortgage contingencies in your written offer.
    2. Have the property inspected by a professional inspector.
    3. Request a second walk-through to take place within 24 hours of closing.
    4. You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please contact us directly to discuss any of these matters in further detail.

Latest Niagara Homes for First-Time Homebuyers Under 500k184 Properties

Address Beds Baths Sq.Ft. Price(%Chng) $/Sq.Ft. On Site
6070 Brooks Street Niagara Falls, ON L2J 1N7 6070 Brooks Street
Niagara Falls, ON L2J 1N7
2 -- 950 $489,900 $515.68 2 days
3867 Victoria Avenue Vineland, ON L0R 2C0 3867 Victoria Avenue
Vineland, ON L0R 2C0
3 1 1,005 $499,999 $497.51 2 days
13 Sharpe Avenue Welland, ON L3C 3R5 13 Sharpe Avenue
Welland, ON L3C 3R5
3 2 925 $489,000 $528.65 2 days
317 Beachview Avenue Fort Erie, ON L2A 4L8 317 Beachview Avenue
Fort Erie, ON L2A 4L8
3 2 1,000 $440,000 $440.00 3 days
321 Beachview Avenue Fort Erie, ON L2A 4L8 321 Beachview Avenue
Fort Erie, ON L2A 4L8
2 1 800 $340,000 $425.00 3 days
6269 Cadham Street Niagara Falls, ON L2G 3A4 6269 Cadham Street
Niagara Falls, ON L2G 3A4
2 1 625 $409,000 $654.40 3 days
4908 Duke Avenue Niagara Falls, ON L2E 5B5 4908 Duke Avenue
Niagara Falls, ON L2E 5B5
3 1 1,465 $474,900 $324.16 3 days
27 Princess Street St. Catharines, ON L2P 2R2 27 Princess Street
St. Catharines, ON L2P 2R2
2 1 940 $499,900 $531.81 4 days
5537 Prince Edward Avenue Niagara Falls, ON L2G 5H7 5537 Prince Edward Avenue
Niagara Falls, ON L2G 5H7
2 1 1,213 $399,900 $329.68 4 days
90 Wilton Avenue Welland, ON L3C 2A2 90 Wilton Avenue
Welland, ON L3C 2A2
3 1 1,000 $449,900 $449.90 5 days
87 N Welland Street Thorold, ON L2V 2C3 87 N Welland Street
Thorold, ON L2V 2C3
3 2 1,500 $429,000 $286.00 5 days
31 Maplecrest Avenue St. Catharines, ON L2T 1A7 31 Maplecrest Avenue
St. Catharines, ON L2T 1A7
2 1 900 $439,900 $488.78 5 days
2940 St Patrick Avenue Niagara Falls, ON L2J 2M5 2940 St Patrick Avenue
Niagara Falls, ON L2J 2M5
2 1 740 $499,000 $674.32 5 days
75 Ventura Drive St. Catharines, ON L2R 7J7 75 Ventura Drive
St. Catharines, ON L2R 7J7
3 2 960 $449,000 $467.71 5 days
3168 Riselay Avenue Ridgeway, ON L0S 1N0 3168 Riselay Avenue
Ridgeway, ON L0S 1N0
3 3 2,400 $495,000 $206.25 6 days
141 Church Street St. Catharines, ON L2R 7L7 141 Church Street
St. Catharines, ON L2R 7L7
2 2 1,250 $395,000 $316.00 6 days
550 North Service Road Grimsby, ON L3M 4E8 550 North Service Road
Grimsby, ON L3M 4E8
1 1 740 $464,500 $627.70 6 days
211 Phipps Street Fort Erie, ON L2A 2V4 211 Phipps Street
Fort Erie, ON L2A 2V4
4 2 1,700 $474,900 $279.35 9 days
4580 Deborah Lane Beamsville, ON L0R 1B1 4580 Deborah Lane
Beamsville, ON L0R 1B1
3 2 1,070 $499,900 $467.20 9 days
4407 Timothy Lane Beamsville, ON L0R 1B1 4407 Timothy Lane
Beamsville, ON L0R 1B1
2 1 700 $219,900 $314.14 9 days
76 S Grantham Avenue St. Catharines, ON L2P 3H1 76 S Grantham Avenue
St. Catharines, ON L2P 3H1
3 1 715 $474,999 $664.33 9 days
141 Church Street St. Catharines, ON L2R 7L7 141 Church Street
St. Catharines, ON L2R 7L7
2 2 1,435 $400,000 $278.75 9 days
113 Vale Avenue St. Catharines, ON L2R 1T7 113 Vale Avenue
St. Catharines, ON L2R 1T7
2 1 950 $499,999 $526.31 10 days
286 Cushman Road St. Catharines, ON L2M 6Z2 286 Cushman Road
St. Catharines, ON L2M 6Z2
3 2 1,000 $470,000 $470.00 10 days
83 Commercial Street Welland, ON L3B 5Y8 83 Commercial Street
Welland, ON L3B 5Y8
3 2 1,026 $499,900 $487.23 11 days
368 Phipps Street Fort Erie, ON L2A 2V8 368 Phipps Street
Fort Erie, ON L2A 2V8
4 2 1,865 $499,900 $268.04 11 days
21 Chaplin Avenue St. Catharines, ON L2R 2E4 21 Chaplin Avenue
St. Catharines, ON L2R 2E4
3 2 1,400 $449,000 $320.71 12 days
5515 Highland Avenue Niagara Falls, ON L2G 4W8 5515 Highland Avenue
Niagara Falls, ON L2G 4W8
3 1 1,137 $489,900 $430.87 12 days
3766 Brunswick Avenue Crystal Beach, ON L0S 1B0 3766 Brunswick Avenue
Crystal Beach, ON L0S 1B0
3 2 1,657 $499,900 -4.3% $301.69 12 days
334 Dufferin Street Fort Erie, ON L2A 2T9 334 Dufferin Street
Fort Erie, ON L2A 2T9
3 1 1,000 $459,900 $459.90 12 days
16 Sullivan Avenue Thorold, ON L2V 2Y2 16 Sullivan Avenue
Thorold, ON L2V 2Y2
2 2 1,229 $489,900 $398.62 13 days
5753 Morrison Street Niagara Falls, ON L2E 2E8 5753 Morrison Street
Niagara Falls, ON L2E 2E8
2 1 866 $384,900 $444.46 15 days
111 Dunkirk Road Welland, ON L3B 2N8 111 Dunkirk Road
Welland, ON L3B 2N8
4 2 1,493 $499,000 -3.9% $334.23 16 days
5055 Greenlane Road Lincoln, ON L0R 1B3 5055 Greenlane Road
Lincoln, ON L0R 1B3
1 1 515 $421,000 $817.48 16 days
359 Geneva Street Street St. Catharines, ON L2N 2G5 359 Geneva Street Street
St. Catharines, ON L2N 2G5
1 1 688 $357,500 $519.62 16 days
213 Davis Street Thorold South, ON L2V 1E8 213 Davis Street
Thorold South, ON L2V 1E8
2 1 700 $299,000 $427.14 17 days
3238 Young Ave Avenue Ridgeway, ON L0S 1N0 3238 Young Ave Avenue
Ridgeway, ON L0S 1N0
2 2 1,000 $489,900 $489.90 17 days
78 Welland St. North Street Thorold, ON L2V 2C1 78 Welland St. North Street
Thorold, ON L2V 2C1
2 1 800 $308,757 -1.9% $385.95 17 days
6293 Churchill Street Niagara Falls, ON L2G 2X5 6293 Churchill Street
Niagara Falls, ON L2G 2X5
2 1 1,050 $424,900 $404.67 17 days
88 Steele Street Port Colborne, ON L3K 4X2 88 Steele Street
Port Colborne, ON L3K 4X2
3 2 1,040 $399,000 $383.65 17 days
939 Bertie Street Fort Erie, ON L2A 1Z7 939 Bertie Street
Fort Erie, ON L2A 1Z7
3 1 1,400 $499,900 $357.07 18 days
51 Forsythe Street Fort Erie, ON L2A 1X4 51 Forsythe Street
Fort Erie, ON L2A 1X4
3 2 1,779 $425,000 $238.90 18 days
184 Knoll Street Port Colborne, ON L3K 5B3 184 Knoll Street
Port Colborne, ON L3K 5B3
3 1 1,600 $439,900 $274.94 18 days
23 Phipps Street Fort Erie, ON L2A 2V3 23 Phipps Street
Fort Erie, ON L2A 2V3
3 1 1,342 $379,900 -5% $283.08 19 days
81 Scott Street St. Catharines, ON L2N 7L5 81 Scott Street
St. Catharines, ON L2N 7L5
2 1 1,000 $469,900 $469.90 19 days
20 Rykert Street St. Catharines, ON L2S 1Y9 20 Rykert Street
St. Catharines, ON L2S 1Y9
5 2 1,100 $499,900 $454.45 20 days
125 Grass Avenue St. Catharines, ON L2R 1T3 125 Grass Avenue
St. Catharines, ON L2R 1T3
2 1 923 $449,900 $487.43 20 days
5709 Dorchester Road Niagara Falls, ON L2G 5S5 5709 Dorchester Road
Niagara Falls, ON L2G 5S5
3 2 1,225 $489,900 -5.6% $399.92 20 days
252 Bertie Street Fort Erie, ON L2A 1Z6 252 Bertie Street
Fort Erie, ON L2A 1Z6
3 2 1,050 $389,000 $370.48 21 days
51 1/2 Thompson Avenue Thorold, ON L2V 2N2 51 1/2 Thompson Avenue
Thorold, ON L2V 2N2
3 2 1,100 $499,900 $454.45 23 days