Thinking of getting out of rental properties and owning your own home? Real Estate can be an intimidating and frightening topic for those new to the market. Here are a few ideas to get you started. Of course, lots of research is a good idea before you really get at it.
1. Find a real estate agent that you feel comfortable with, and that has experience in your market. If you can locate an agent that understands your needs and is willing to put the effort into meeting them, then you are on the right track.
Your real estate agent should be able to provide you with a report of recent market activity in your area. In order to find a home for the best price and value, it is important to compare new properties on the market with selling prices of other, similar homes.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Talk to your financial institution before you are ready to buy. If possible, get an idea of the price range they can support you for. In some cases, a pre-approved mortgage may be available.
5. Weigh the pros and cons of any home, and try not to let eagerness and emotions get the best of you. It is easy to jump in with both feet right away, but not always the wisest course. Discuss everything with your real estate agent.
6.Be aware of different negotiating tactics and styles. An offer that is too low may upset the seller, and make counter offers less appealing. An experienced real estate agent can help you get through offer situations.
7. Any legal documents you might sign need to be fully understood. If you are unsure of your rights and obligations, make sure you ask your real estate agent to explain them to you.
Remember, your best bet is to find a real estate agent that knows the ropes, and that is working to find you the best home you can afford. Good luck finding your perfect home!
1. Find a real estate agent that you feel comfortable with, and that has experience in your market. If you can locate an agent that understands your needs and is willing to put the effort into meeting them, then you are on the right track.
Your real estate agent should be able to provide you with a report of recent market activity in your area. In order to find a home for the best price and value, it is important to compare new properties on the market with selling prices of other, similar homes.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Talk to your financial institution before you are ready to buy. If possible, get an idea of the price range they can support you for. In some cases, a pre-approved mortgage may be available.
5. Weigh the pros and cons of any home, and try not to let eagerness and emotions get the best of you. It is easy to jump in with both feet right away, but not always the wisest course. Discuss everything with your real estate agent.
6.Be aware of different negotiating tactics and styles. An offer that is too low may upset the seller, and make counter offers less appealing. An experienced real estate agent can help you get through offer situations.
7. Any legal documents you might sign need to be fully understood. If you are unsure of your rights and obligations, make sure you ask your real estate agent to explain them to you.
Remember, your best bet is to find a real estate agent that knows the ropes, and that is working to find you the best home you can afford. Good luck finding your perfect home!
About the Author:
John is an Alberta real estate owner, and likes to look at Alberta recreational property for sale. To see more articles, visit Calgary and Alberta real estate.
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