Buying a Property
Here are 5 tips to ensure a smooth home-buying process:
4. Is this the right neighbourhood?
The neighbourhood you live in greatly effects how you feel about your home. Determine what you're looking for in a neighbourhood. If the home you're considering isn't located in a neighbourhood you'd be happy living in, you may want to continue your search.
5. Ask for help
A licensed sales representative can help you throughout the home-buying process - from house hunting to negotiations and handling the paperwork. However, it;s also important to gather feedback and support on a personal level. Consulting with family and friends can help keep you levelheaded and optimistic if you're having difficulty finding your dream home.
1. Have a pre-determined budget and stick to it
When searching for a home, it's best to immediately exclude all properties outside your price range. First, meet with your financial institution and discuss your financing options to determine what you can and cannot afford. Next, create an honest budget and you'll be able to determine how much you can comfortably afford to put towards your mortgage, after a down payment.
2. Don't let emotions get the best of you
Make sure to get a home inspection to ensure the home is in good condition. If the property requires a number of expensive repairs you must, again, be honest with your budget.
3. Don't judge a home by its photo
If you're browsing online and see a home in your price range but it doesn't look quite like your "dream" home - or if there are no pictures posted at all - it may still be worth a look. If the home is in good condition and it ends up being somewhere you can see yourself living , then you may have found a hidden treasure.