It is a big step to consider, going from renting an apartment or house to purchasing your own condo or home. The rewards can be huge, including privacy and building your net worth. This quick list will give you a few pointers that hopefully will help you as you look for your new home.
1. Get an experienced real estate agent on your side. Instead of trying to find a house on your own and then negotiating with the owner or their representative, take advantage of a qualified agent's experience and the resources he or she has. A real estate agent could have hundreds of real estate transactions under his or her belt, and this can be used to help you get the best possible home for your money.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3. A third party home inspection is a must. Don't buy property until an expert that you trust has examined it. Everyone has heard horror stories of homes with bad foundations or plumbing troubles. At the very least, you may gain valuable bargaining information.
4. If possible, try to get pre-qualified for financing, with a mortgage rate guarantee. This will help find homes that you can afford, and avoid disappointment if you fall in love with a house out of your price range. It will also streamline the buying process later on.
5.Dont let your eagerness and emotions get the better of you. It is easy to find a home that you just have to have. You need to talk to your real estate agent and weigh the pros and cons before you make any decisions.
6. Try to appreciate the position of the seller in any offers you might make. A really low offer on your part might upset the applecart and you might not get a good counter offer. This is a good area to trust your experienced real estate agent.
7. Understand all the documents before you sign. Get your agent to explain them to you, and make sure you know your rights and obligations.
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. Get an experienced real estate agent on your side. Instead of trying to find a house on your own and then negotiating with the owner or their representative, take advantage of a qualified agent's experience and the resources he or she has. A real estate agent could have hundreds of real estate transactions under his or her belt, and this can be used to help you get the best possible home for your money.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3. A third party home inspection is a must. Don't buy property until an expert that you trust has examined it. Everyone has heard horror stories of homes with bad foundations or plumbing troubles. At the very least, you may gain valuable bargaining information.
4. If possible, try to get pre-qualified for financing, with a mortgage rate guarantee. This will help find homes that you can afford, and avoid disappointment if you fall in love with a house out of your price range. It will also streamline the buying process later on.
5.Dont let your eagerness and emotions get the better of you. It is easy to find a home that you just have to have. You need to talk to your real estate agent and weigh the pros and cons before you make any decisions.
6. Try to appreciate the position of the seller in any offers you might make. A really low offer on your part might upset the applecart and you might not get a good counter offer. This is a good area to trust your experienced real estate agent.
7. Understand all the documents before you sign. Get your agent to explain them to you, and make sure you know your rights and obligations.
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 enthusiast, and likes to look at local homes for sale. For other helpful articles, visit Calgary and Alberta real estate.
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