Get Pre-Approved Before House Hunting
Talk to a mortgage broker before you begin looking for a house. Its important to figure out all financial considerations out in advance.
Think Long-Term Value
Buying a house is the single largest investment you will ever make. Think about resale value, look for good locations, and how feasible it is to add features later.
Research the Neighbourhood
Walk around the block and see how other people live. Introduce yourself to the neighours and ask what it’s like to live in the neighbourhood.
Research Bargain Properties Like Foreclosures
Get estimates on repairs or renovations. Get answers as to why the property was given up by the former owners.
Buy Within Your Budget
It’s easy to overspend especially when everyone seems to be encouraging you. An extra $2 a dayÂ may require sacrificing entertainment or other lifestyle choices.
A certain amount of objectivity is required when house hunting. Try to stick to your needs/wants checklist and be realistic!
Get a Home Inspection
Never assume that because the home looks tidy and organized that all is well. All homes should be professionally inspected. Even condos and new homes may have issues that you need to be aware of.
Read The Fine Print
Ask to see the mortgage documents and other transaction paperwork well before you sign anything so there are no surprises.
Always Have Options
A well written real estate contract will have safeguards in place to protect you in case unforeseen issues arise. These could include a failed home inspection, inadequate financing etc.Our real estate agents will ensure that you have options to cancel if everything isn’t to your liking.