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.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Seek financing before you begin house shopping. While this is not always possible, getting pre approved for a mortgage lets you know what price range to shop in. It also avoids the disappointment of being denied after finding the 'perfect' house.
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. Know and understand the legal documents before you make an offer on a home. Ask your real estate agent to explain the clauses and agreement, and make sure you know your rights as well as your obligations once the offer is put forth.
With the help of your real estate agent, you can find an affordable home that you love. It may take some time, but if you are prepared to look at several properties and do some research, you may find exactly what you are looking for.
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.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Seek financing before you begin house shopping. While this is not always possible, getting pre approved for a mortgage lets you know what price range to shop in. It also avoids the disappointment of being denied after finding the 'perfect' house.
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. Know and understand the legal documents before you make an offer on a home. Ask your real estate agent to explain the clauses and agreement, and make sure you know your rights as well as your obligations once the offer is put forth.
With the help of your real estate agent, you can find an affordable home that you love. It may take some time, but if you are prepared to look at several properties and do some research, you may find exactly what you are looking for.
About the Author:
John is an Alberta real estate enthusiast, and likes to look at Alberta recreational property for sale. For other helpful articles, visit Calgary and Alberta real estate.
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