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. 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. 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. 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.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.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. 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! - 15465
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. 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. 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.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.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. 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! - 15465
About the Author:
John is an Alberta real estate enthusiast, and likes to look at Alberta recreational property for sale. To see more articles, visit Calgary and Alberta real estate.
