What should a first time home buyer in Edmonton know about pre approval?

Pre approval sets your ceiling, but your comfort zone may be lower. Budget for closing costs, property taxes, insurance, moving, and a basic reserve. Ask your lender how rate holds, conditions, and debt ratios affect your true monthly payment.

Which contract conditions protect first time buyers?

Financing, home inspection, and if buying a condo, the document review condition. These allow time to verify the property, funding, and building health before you commit. Never remove a condition unless you understand the risks.

What questions should first time buyers ask during a showing or offer?

Confirm age and service records of roof, furnace, hot water tank, windows, and appliances. Ask about permits for renovations, recent insurance claims, and known issues. For condos, review reserve fund, fees, bylaws, and special assessments.

How much should I set aside beyond my down payment?

Plan for closing costs such as legal fees, title insurance, appraisal if required, home inspection, and adjustments for taxes or utilities. Many buyers set aside two to four percent of the purchase price.

Do I need a home inspection if the house looks updated?

Yes. Updates can hide issues that are not visible at a showing. An inspection helps identify safety issues, end of life systems, moisture concerns, or unpermitted work so you can negotiate or walk away while your condition is active.

How can a REALTOR® with a legal background help first time buyers?

By clarifying contract language, tailoring conditions to your situation, coordinating due diligence, and flagging risks early. You get practical guidance on process, timelines, and negotiation so the purchase is secure and informed.

First-Time Home Buyer? Here's What You Really Need to Know in Edmonton

Jun 23

Written By Abraham AlGendy

Buy home sell home in Edmonton with Alberta Sell Real Estate Abraham AlGendy Ibrahim AlGendy Buy Sell Edmonton Real Estate 7809168050, 5877778813.png

First Time Home Buyer in Edmonton: What You Really Need to Know

By Ibrahim AlGendy | The Counselor

Buying your first home is exciting, but it can also feel overwhelming. You are not just choosing a place to live, you are signing legal contracts, committing to financing, and trying to avoid costly mistakes along the way.

As a former lawyer turned REALTOR®, I have helped first time buyers across Edmonton move with confidence. Here are the top things I make sure they know up front.

1. Pre Approval Is More Than a Number

Getting pre approved is essential, but it is not only about the maximum amount. Know your comfort zone and always factor in closing costs, property taxes, insurance, and moving expenses.

2. Do Not Overlook Legal Clauses

Contract conditions matter. Financing, home inspections, and condo document reviews if applicable all protect you. Never waive a condition without understanding the risks. I walk my clients through each one to ensure clarity.

3. Ask Every Question, Even Small Ones

How old is the roof, when was the furnace replaced, what are the condo reserve fund levels? Smart buyers ask and confirm details. I always encourage my clients to ask anything — that is how informed decisions are made.

Final Counsel: You only buy your first home once. With the right guidance, the experience will be secure, informed, and worth every step.

If you are ready to take that step in Edmonton, I am here to help you do it the right way.

— The Counselor

Start your home search today, book a consult here: AlbertaSell.com/buying

Abraham AlGendy

First-Time Home Buyer? Here's What You Really Need to Know in Edmonton

First Time Home Buyer in Edmonton: What You Really Need to Know

1. Pre Approval Is More Than a Number

2. Do Not Overlook Legal Clauses

3. Ask Every Question, Even Small Ones

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