How To Avoid Being House Poor And Other Homebuyer Horror Stories with Dusko Sremac & Leigh Gate
Half Banked06/14/23 • 43 min
The Next Generation of Homebuying Part 2
Are you dreaming of buying a home, thinking you finally have enough money to make it happen? Well, hold on a moment! Without proper preparedness and due diligence, you might fall into the trap of becoming “house poor.” It’s all too easy to compromise on essential features or overlook crucial structural issues in the rush to find a home. Don't rely solely on listing prices either–thorough research on the true value of a property is key.
In the second episode of our three-part series, Half-Banked focuses on what buying a home is like, particularly for first-timers. For this episode, we examine the pitfalls posed by the hot seller market and how to make an informed decision that sets you up for success. Joining us are Calgary realtor Dusko Sremac, Ontario home inspector Leigh Gate. Homebuyers Chris and Julia also join us to talk about their experiences buying a home in Toronto.
Join us in this episode as we explore the challenges young homebuyers face in the current Canada housing market. We’ll discuss how to overcome these, ensuring that your first experience buying a home doesn’t turn into a horror story.
Here are three reasons why you should listen to this episode:
- Find out how to avoid being “house poor”.
- Listen to some of the horror stories of those who got caught up in the frenzy of a hot seller’s market.
- Learn what due diligence entails when buying a home in a competitive markets.
Resources
Dusko Sremac: Instagram | Real Broker
Leigh Gate: Home Advantage Property InspectionsAbout Dusko
Dusko Sremac is a top-rated REALTOR® at the Real Estate Partners, a respected brokerage based in Calgary. With a lifelong passion for real estate, Dusko brings extensive experience and knowledge to his role as a realtor.
His background as a journeyman red seal electrician in the construction industry equips him with a keen eye for potential electrical issues and a strong understanding of construction practices.
About Leigh
Leigh Gate is the person behind Home Advantage Property Inspections. With a professional journey that began in 2012, Leigh is a seasoned home inspector dedicated to providing top-notch service.
As a passionate advocate for the profession, Leigh is an active member of the Ontario Association of Home Inspectors.
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06/14/23 • 43 min
Half Banked - How To Avoid Being House Poor And Other Homebuyer Horror Stories with Dusko Sremac & Leigh Gate
Transcript
This is our first home. We already knew we were in for quite a long road ahead with like potential renovations, maybe renting it out like we were biting off a lot. And then to have this idea of like, maybe the soil not being remediated in time or whatever was like very stressful, and just definitely something that we didn't really want to have to explore in our first home.
Bethan Moorcraft: Welcome back to Half Banked. I'm Bethan Moorcraft.
Cadeem Lalor: And I'm Cadeem Lalor.
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