Buying Real Estate? 14 Steps to Follow to be a Happy Home Owner
It is said that, buying real estate is the single biggest purchase a person will make in their lifetime. If you are planning on purchasing a home, there are many issues to address to avoid some common mistakes. Don’t worry, if you make a mistake, it won’t be the biggest mistake of your life. Use this guide to make your home hunting experience more enjoyable and stress free.
1．Set Your Budget
Before you begin your search, you should determine your comfort level in terms of how much money you want to spend monthly on your accommodations. Helpful Hint: remember to factor in all fixed bills like credit card, utilities and living expenses and investments such as RRSPs and savings.
2．Start Property Search
Narrow down the type of home, the location and a list of reasonable wants and needs that fit your budget based on your rough search
Visiting OPEN HOUSES
Some properties offer an OPEN HOUSE to invite the public for viewing. Typically OPEN HOUSES are held on WEEKENDS between 12pm – 5pm. It is a great idea to visit open houses to preview the housing market before your home search.
3．Contact Your REALTOR®
As a Buyer, having a Realtor is a risk free service that is paid for by the Seller. Had you gone directly to the listing agent, you must blindly trust that they will represent you equally when in fact, they represent the seller, and contractually, will not be working in your best interest. If this is the case, do you agree that having your own Realtor working for you is a good choice to make?
Another benefit to having your own Realtor is the consultation. It can by a dizzying experience trying to narrow down your search and researching to determine what market value is. A Realtor’s job is to help you filter your search so you only look at properties that fit your needs, budget and lifestyle, which will save you both time and money.
What is REALTOR®
– a person who is a licensed specialist acting as an agent for the sale and purchase of buildings and land; also known as a real estate agent.
To see the last 11 steps, please visit www.HappyHomesVancouver.com/buy/