If you are planning to buy a home within the next few weeks or months, preparing now can help you save time and money. The real estate industry changes quickly, so if it’s been a while since you’ve been in the real estate game then it’s a great time to review the steps for a smooth home buying process.
Your Finances: Even if this isn’t your first real estate purchase, establishing a budget is still the first step you’ll want to take to get started. Meet with a financial advisor to get pre-approved for a mortgage and get your finances in order before you take a look at the latest listings.
Your Location: Your lifestyle will play a big part in the neighbourhood you buy in. Think about your ideal commute time, the proximity to shops and nightlife, and the nearest reputable schools. If you can, spend some time exploring your favourite neighbourhoods to get a true feel for everyday life there.
Your Wishlist: You probably already have a pretty clear idea of what you’re looking for in your next home. Whether it’s more space for a growing family, a convenient home close to the action, or an attached income suite for some extra cash, your wish list should include the details that will help you find the perfect home for now and for years to come.
Your Sales Representative: Building a strong relationship with your realtor creates better communication and a clear understanding of your wants and needs. When you work with me, we’ll get together to make sure we’re on the same page and take the time to get to know each other.
Your Offer: Making the strongest offer possible requires an accurate understanding of the current real estate market and expert negotiating skills. A comparative market analysis will provide insight into what similar homes in the area have sold for.
Your Move: You’ll want to prepare for your move as early as possible to avoid a rush of to-do’s days before the move. Changing your mailing address, booking movers, and decluttering are just a few of the first steps to take before you make your move.
Establishing a budget and organizing your finances is essential before buying a home. Use the mortgage calculator to calculate the affordability of potential homes!
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