Buying Tips You Need to Know

Tuesday Jan 23rd, 2018

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 Talk with your mortgage professional: Before you run around seeing homes and get your heart set on a particular dream home, make sure you can afford it. Sitting down with a mortgage professional is absolutely the first step in buying a home. What the home will REALLY cost you is something you need to understand before you venture out into the market. This will also help define the search that a Alfred will setup for you. There is no point in viewing $500,000 homes when your ceiling is $400,000. 
 

 Take time to plan: This is something that I think is often overlooked in the home buying process. Buyers get excited after they understand what they can afford, and want to get right at it. I have seen hundreds of hours in my career as a REALTOR® that could have been better spent had the clients sat down and created a plan. Key components of this plan include neighbourhoods, price, schools, home size, and nice-to-haves vs. show-stoppers. 

 See as many homes as needed: I have had clients walk into the first home they see and buy it, and I have had clients see 20+ homes or condos before making a decision. Everyone is on their own journey. Make sure you see a good cross-section of what is available in the market prior to making a decision. You may not be seeing anything that overtakes what you currently have ranked as #1 on your list, but you could very well be confirming your decision. Take your time. 

 Keep notes: You will most likely see several properties before buying one, and many of these properties will start to blur together. It is very important that you keep good records of what you are seeing to help make your decision. 

 Do your due diligence: If you work with a REALTOR®, chances are they will point you in the right direction when you have a need for a qualified professional. Usually a REALTOR® will have suggestions for good property inspectors, lawyers, and other professionals you might need along the way. If you are buying a condominium, make sure you have the condominium documents reviewed by a qualified professional. This is critical. If you are buying any property, make sure you have a property inspection. This is also critical. It is the buyer's responsibility to perform their own due diligence when buying a property.....Alfred can play a large role in helping you with this. 


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