Looking for a home for sale? Planning on buying a home in the Canada? Here are some new home buying tips for the first time home buyer.
Home buying tips for the first time home buyer
|Looking for a home for sale? Planning on buying a home in the Canada? Here are some new home buying tips for the first time home buyer. I call it my home buying guide or steps to buying a home.
1. Get yourself a Real Estate Agent. Now why would you do that? Well in short, they will save you time, money and protect you. We know home buying 101, 102 and 1000. Buying a home without a realtor may put you in a situation where you may be taken advantage of. Every professional real estate investor knows, get a real estate agent on your bus. Are you really saving money is a good read.
2. Get yourself pre-approved for a home mortgage. Make a mortgage broker part of your financial plan is also a good read. There are a couple of reasons for wanting a mortgage broker working for you. Their services are free, they have access to all different banks, products, services and rates and they also can help you years to come for mortgage refinancing and home equity mortgages. They can also help you with bad credit loan mortgage.
3. Home buying advice. Pick your area and let your real estate agent book your appointments for you. Don’t get stuck in a situation where you decide to visit a place on your own. As soon as you book the appointment and walk in without them, you are now a client of the vendors. If you put in an offer, the vendor will now be negotiating for both the seller and you the buyer.
4. An offer is made. Now that you’ve made the offer, is there still a way out? Absolutely. Always make sure that the offer is conditional upon a home inspection. A general home home inspection inspector will take about 2-3 hours, with their flashlights, ladders and tools and at the end, give you a home inspection report. This will be an indication of the general health of the building and what repairs are needed. If you don’t like what you hear this would be a good time to legally back out of the deal. If all is well, super, on to the next step.
5. Once your home insurance and mortgage is in place and all the other conditions are met, it’s time to sit and wait for your notary appointment.