5 Home Buying Tips
1) Get Your Mortgage Pre-Approval
Having a mortgage pre-approval complete before starting your home search will allow you to shop within your realistic budget and enable you to make your offer with confidence when you find the right home. A mortgage pre approval can also be used as a powerful negotiating tool when submitting your offer to the Seller for reviewal as well.
2) Work With an Experienced Realtor®
Working alongside an experienced Realtor® is one of the most vital components of having an amazing experience when purchasing your home. A great Realtor® can give you many insights such as neighbourhood dynamics, having a solid understanding on pricing, they'll negotiate the price and terms that are most favourable to your best interests, schedule private showings, handle countless amounts of paper work and so much more. The Buyer will typically receive these services for free because the Seller has already agreed to cover that cost in their MLS Listing Agreement that was signed with their Brokerage prior to going live on MLS.
3) Make a List of Must Haves and Must Nots
Complete a list of your must haves and deal breakers. Focus on things such as location, style of house, how many beds & baths, finished or not finished basement, parking and back yard space just to name a few. This will give us a great starting point when beginning your search and booking private showings to view the homes.
4) View As Many Homes As Possible
Viewing as many homes as possible before making an helps establish a better understanding of the current market, what's available at your price point, pros vs cons of each home, provides many comparable properties to base your offer off of and so much more. Don't be shy to ask your Realtor® to dedicate their weekend to showing you homes from dusk to dawn!
5) Make a Smart Offer & Negotiate
Once you're ready to make an offer make sure to look over the recent sales of comparable homes in that area. Make sure to check if the if the home has any rental equipment that needs to be bought out by the Seller or transferred to the Buyer. Determine what your best closing date is and which conditions are most favourable to your home buying success. Remember, typically the deal is in the details.
1) Get Your Mortgage Pre-Approval
Having a mortgage pre-approval complete before starting your home search will allow you to shop within your realistic budget and enable you to make your offer with confidence when you find the right home. A mortgage pre approval can also be used as a powerful negotiating tool when submitting your offer to the Seller for reviewal as well.
2) Work With an Experienced Realtor®
Working alongside an experienced Realtor® is one of the most vital components of having an amazing experience when purchasing your home. A great Realtor® can give you many insights such as neighbourhood dynamics, having a solid understanding on pricing, they'll negotiate the price and terms that are most favourable to your best interests, schedule private showings, handle countless amounts of paper work and so much more. The Buyer will typically receive these services for free because the Seller has already agreed to cover that cost in their MLS Listing Agreement that was signed with their Brokerage prior to going live on MLS.
3) Make a List of Must Haves and Must Nots
Complete a list of your must haves and deal breakers. Focus on things such as location, style of house, how many beds & baths, finished or not finished basement, parking and back yard space just to name a few. This will give us a great starting point when beginning your search and booking private showings to view the homes.
4) View As Many Homes As Possible
Viewing as many homes as possible before making an helps establish a better understanding of the current market, what's available at your price point, pros vs cons of each home, provides many comparable properties to base your offer off of and so much more. Don't be shy to ask your Realtor® to dedicate their weekend to showing you homes from dusk to dawn!
5) Make a Smart Offer & Negotiate
Once you're ready to make an offer make sure to look over the recent sales of comparable homes in that area. Make sure to check if the if the home has any rental equipment that needs to be bought out by the Seller or transferred to the Buyer. Determine what your best closing date is and which conditions are most favourable to your home buying success. Remember, typically the deal is in the details.