Nothing is more exciting than deciding to buy a home. Whether it is your first home or your 10th home, there are certain things that need to be done to ensure a smooth purchase. What we sometimes forget is the other information that we wish we knew before we took the plunge. Our Anne Winch Real Estate Team has put together some very valuable information for homebuyers to think about before purchasing.
Outline your goals, needs and desires
Make a list about what is important to you for your next home purchase. Do you want to live in the suburbs, country or downtown? Do you need privacy, or do you prefer to be around people? Check out the amenities near by such as shopping, nature trails and medical facilities in the area. Make sure you feel comfortable in the neighbourhood where you wish to buy.
Use a trusted real estate company
The best advice for buyers or sellers is always to get a credible real estate company. Our Anne Winch Real Estate Team can help you with any questions you may have on purchasing a home for the first time. Our name speaks for itself as we have had many years of experience in the real estate business, and we know our market and can provide you with our negotiation expertise for a stress-free purchase.
Have a budget and get pre-approval
When you first start out, you need to have a budget and stick to it. Get pre-approval from your bank to find out how much home you can afford. Always keep a bit in reserve for closing costs including legal fees and build in a bit of extra money as a cushion. Be aware of any “sleeper” costs that you may have forgotten such as property tax, utilities, condo fees, or maintenance and repairs.
Keep your money in place
Now is not the time to take out a loan, buy a new car or make excessive purchases on your credit card. All these items will alter your credit score, especially if you have been pre-approved for a specific mortgage amount.
Keep borders in check
Get a survey of the property from the sellers to find your property lines before you buy. You don’t want to have disputes with your neighbours later. If you don’t have a survey, check for the survey pins on the property.
Size matters
Our Team can help you with the cost associated with buying a new home and the pricing of homes in the area you desire. Many factors have been challenging for homebuyers the past year and we are here to help. Negotiation plays a big role to make sure you can quickly buy a home. We are here to help with any offers you may have and negotiate on your behalf to make the purchase process easier for you.
Since we will be in close conversations with the seller’s agent, we also know what motivates the seller and what we need to do to close the sale. Rest assured that we will be working with you to help you purchase the home you want. Contact us and let us take the stress out of the negotiation of your next home purchase.