Finding the perfect home doesn’t happen in one day. It takes careful planning and lots of work. Fortunately, there are a number of things you can do to simplify the process. This is really priceless advice for anyone looking to buy.
Best Advice for Home Buyers
What Features Do You Need?
Do you need an extra bathroom, a garage, a fenced backyard, or lower utility bills? Do you want a fireplace, a short drive to work, or maybe minimal yard work? Once your list is complete, decide what’s most important to you.
What’s the Ideal Location?
Where you live obviously affects your lifestyle; it’s also one of the most significant influences on the value of your home. Your choice of location may be somewhat limited by the price you can afford. Even so, make sure to consider such things as distance to work, schools, shopping and entertainment.
What Kind of Home?
What type of property do you want? A single-family detached home is attractive to many people because it typically provides more living space and land. On the other hand, a condo may be a more appropriate choice for you, with an emphasis on maintenance-free living. Determine what type of home best suits your desired lifestyle and budget.
What’s Your Budget based on money down and approved mortgage?
How much do you want to spend? Just as importantly, how much do you have to spend? How much is dependent on how much you have for a down payment, and how much you have been approved for with a mortgage. The combination of the two is your maximum spend. It is the maximum because only you can decide how much you want to spend.
2. Choosing a REALTOR®
A REALTOR® can help you answer all of these questions and help you navigate through what can be a complicated business transaction. Start by finding REALTORS® that are focused in your buying area. Then, talk to some of them and compare their services. It’s important that you’re comfortable and confident with the agent you choose.
3. Searching For a Home
A REALTOR® will use various tools to try and find properties that meet your specifications in your prefered neighbourhood and price point. Avoid looking at homes that are outside of your budget. There is no point falling in love with a home that you just cannot afford.
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