Home Purchasing Tips and Tricks


 

1- Do your home work – Ask your realtor what the local real estate market is doing now.

2- Ask a realtor for home sale histories in your preferred search areas when you are ready to buy.

3- Pre – read any contracts that will be used in the purchase of your next property.

 

4- Educate yourself on how much it costs to do repairs or replace components of the home. Your realtor will be able to help you determine these values.

 

5- Know what extra costs you may have to deal with after the purchase of your home. Your realtor will be able to help with this.

 

6- If you thinking of writing an offer on a property ensure you view the house a second time if possible. Buyers shop emotionally and a second viewing will help to put the home and what it truly offers in the right perspective.

 

7- Ensure you get pre-approved by your preferred lender before you start to shop for a home. The mortgage rate is usually protected for 90-120 days. This will help you save time and money. Longer rate holds are available for new construction.

 

8- Ask about Hydro loan programs or home improvement financing options that may be available. Your realtor will help determine what programs may be available to you.

 

9- Look at the homes long term potential. Homes in some neighbourhoods appreciate faster than others. Ask your agent to help you determine future trends in your neighbourhood.

 

10- Keep track of what you have viewed. Getting out and viewing homes helps you determine value. Let your agent know  what you like or don’t like. It paints a clearer picture.