5 Things First-Time Home Buyers in Moncton Need to Know
Buying your first home in Moncton? Exciting. Also a little terrifying. Here's the honest version of what nobody tells you upfront.
1. Get pre-approved before you fall in love with a house. Seriously. Don't browse listings, don't book showings, don't start a Pinterest board until you know your number. A pre-approval tells you exactly what you can spend, and in this market, it's non-negotiable.
2. The list price is a starting point, not the final word. Depending on the market conditions when you're buying, you may pay over asking, under asking, or right at it. Your REALTOR® should be reading the data not just guessing.
3. Closing costs are real money. Budget 1.5–4% of your purchase price on top of your down payment. This covers legal fees, land transfer tax, home inspection, insurance, and more. Don't be caught off guard.
4. Your first home probably won't be your forever home. And that's okay. Buy what you can afford now, build equity, and move up later. The biggest mistake I see first-time buyers make is waiting for perfect instead of buying smart.
5. Work with someone who actually knows the market. The Greater Moncton market moves fast. You want a REALTOR® who's in the trenches daily not someone doing this part-time.
Ready to start your home buying journey in Moncton or Shediac? Let's talk. No pressure, no fluff just honest answers.
📲 Reach out at ashley@ashleygallant.com or DM me directly.