A Local Solution for a Local Problem: How to buy a property?

Buying your first home can be one of the most exhilarating and stressful moments of your life. But armed with the right information, you can shop for a home, apply for a mortgage, and close the deal with confidence

The first step in being a homeowner is the preparation phase. In this phase, every decision you make should be beneficial to your end goal which is homeownership.

The Preparation phase includes:

  • - Know your budget
  • - Setting Financial Goals
  • - Being Financially Discipline

To do that, you will need to know what is your budget. To do so, we at St. Maarten Realtor encourage the below steps:

  • - Speak to a loan officer to find out how much your salary qualifies you for.
  • - Speak to a realtor to find out what the market is like and what it might be in the next three to five years.

To further commit yourself to your financial goal, you now need to understand the other costs involved in buying a home or property. These are:

  • - Down payment to the developer or owner
  • - Notary fee
  • - Commission for the Real Estate agent
  • - Any other unexpected expense
  • - Transition costs
  • - Home Insurance

You should have at least 20% to 30% of the total sale price for a property at hand to cover the fees above.

Regardless of your income, ensure that you have at least one-third available to save. Save for two to three years in order to become a homeowner/property owner.


Do you want a home or a condo? For many first-time home buyers, this is one of the first dilemmas they will try to solve.

The next phase of homeownership is finding the right home for the right price. Make sure you are shopping for a home that will meet your needs and your lifestyle. Being close to the things you like may wind up being more important than you realize. Understand you are not just buying a home but a location as well.

 To make safe & sound decisions, you should know the pros and cons of becoming a homeowner.

After the process of buying the home passes, this is where the real excitement begins. 

Make A Decision

Now it is time to decide as to which type of home is best for you. Whether you choose a turn-key home or a piece of land to construct a home. This is where St.Maarten Realtor and it's partnerships comes in

In closing, we hope that this information will encourage you the reader to become a homeowner. It may seem like a far-fetched idea but where there is a will, there is a way. Remember, saving is the key to homeownership.

Yours Sincerely,

St. Maarten Realtor

Small Steps Make Big Differences