The decision to buy your own home can be an exciting one. After all, once you own a home, it’s yours – no more extortionate rent payments!
Ultimately though, when and how you buy a house is a matter of personal choice. But if you are going to make this decision, you at least want to do it with your eyes wide open. There’s a lot more to buying a house than finding the right mortgage deal, yes.
That’s why we’ve spelled out what we think are 3 timeless tips from pros to buying a new home – so that you don’t have to worry about missing anything important. Follow these tips for maximum house-buying satisfaction in years to come.
1. Take time in planning (and thinking)
Plan it. Before you start putting a deposit down on that dream home, sit down and think about what kind of house you want in your price range and neighborhood.
Is it convenient for work? Is there good shopping close by? How do you get to the gym? Is there enough room for the kids’ sports gear? Will having a big backyard be important to you someday?
2. Clearly define your goals and expectations
First, don’t let a real estate agent convince you to make decisions based on an impulse or emotion. You can have the best home in the best neighborhood, but if you don’t like your job, you wouldn’t care much about living 15 minutes from the office; that wouldn’t be your first priority.
Second, take a step back and consider what’s really important when you’re thinking about buying a home. There’s a right way to do this, and there’s a wrong way. The right way entails taking the time to evaluate your needs, wants and responsibilities in life — not just buying a house — and then determining whether you can afford it. That may mean selling something or giving up something else that brings you joy so you can put down a significant down payment on a house.
3. Never settle without negotiations
Sometimes the asking price is too high — maybe the seller is using an agent who asks too much in commission. Or, maybe it’s way too low — maybe there’s something wrong with the home that needs to be fixed before you can move in.
Either way, it’s worth having someone knowledgeable go through the process with you so that you can make smart decisions on your end as well.
Have an expert real estate agent in Canada by your side to negotiate the price of the house. This is especially true if you’re not good at negotiating.
Remember, every price is negotiable. You just need to know how to!
These are just a few of several timeless tips from pros on buying a new house.
Connect with any of the top real estate companies and get their help in finding a good property, negotiating its price, and finalizing the deal with all the paperwork taken care of.