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The Home Buyer

There’s more to look for than a good neighbourhood and a foundation. Seek the advice of a real estate professional; before you get caught up in the excitement of searching for the perfect home, here are some savvy steps to follow.

1. How Much Do You Want To Spend:

Do your homework and know your budget. Get a pre-approved mortgage or consult with your lender of choice, and keep your eye on the market, since any changes could impact what you can afford.

2. Check Out The Communities Of Your Choice:

Find out which neighbourhoods you would prefer to live in. Are schools and shopping? Medical and Dental? Access to highways and public transit? Parks and Playgrounds? Your agent can also let you know how well certain neighbourhoods are selling, which is a good indicator of where people want to live.

3. Make A List:

Organize your thoughts on paper and come up with a master house wish list that you can refer to. Divide it up into must-haves, would-be-nice items and deal breakers. Carry this list with you so that you can compare homes on the basis of your personal wants and needs.

4. Home Inspector:

Have a home inspector at the ready. He or she may even be able to offer you some advice for things to look out for when buying a home.

5. Take Your Time:

Don't squeeze in too many viewings in one outing. Make note of the pros and cons after viewing each property so you can take a look at the next home without struggling to remember details 

6. Know The Laws  And Rules:

Ask for a survey or RPR of the property and examine it carefully. Fences may not be on actual property lines and right-of-way issues may come into play in the future sale of a property. Hire a lawyer to inspect all of the paperwork related to a prospective purchase and to advise you.

7. Get A Second Opinion:

If you think you have found a home that really appeals to you, show it to someone else like a good friend or relative for a second opinion. They may see something in the home that you may have overlooked.

8. Think It Through Carefully:

In an active market, it can be hard not to make an immediate offer. While that may work in most cases, be sure to step back, pull out your list and carefully gauge if this property meets all of your must-have criteria. The worst thing is buyer’s remorse and letting a dream home get away.

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.