Buying a home is a big deal! To even come to the decision to buy is a big deal and takes the average person 11months before they actually start looking!!! So what do you, as a buyer really need to know? Well, let me give you some tips!
1. First and foremost, you need a good Realtor!!!! You want someone in your corner who negotiates for a living. Emotions can run high in offer situations on both sides of the table, and you want to be able to let the professional handle the "dirty work" for you.
2. Do your research before you decide on a Realtor, going with someone just because your friend liked them isn't enough any more, look them up! Google them, meet with them, and if you feel comfortable being honest with them and feel that there is trust, then you've found a winner!
3. Get pre-approved! Meet with your mortgage broker and make sure you know what you can afford and what financial products are available to you before you hit the streets!
4. Have a deposit set aside! The deposit is what we call "consideration" for the offer. You want to show the vendors that you're serious about buying their house. The amount is something for you to discuss with your Realtor.
5. Make a list. It's good to write down on paper what it is you're looking for, be specific! Number of bedrooms, bathrooms, etc. And be clear of "wants" vs. "needs". If and when it comes down to compromise, you want to make sure your needs are covered!
6. Go out and look! You could very well walk into the first house and fall in love, or it could take longer. But the only way to know what you will really like, is to go and see for yourself!
7. When you find "the house" don't wait. Too many buyers, especially first timers, are too nervous or scared to write that first offer, and often regret it when they don't. You will know the right house when you see it! Don't let someone else get it!
8. Have a strategy for writing your offer. This is something you will discuss with your Realtor. But make sure you set clear limits on price. If you're in a bidding war situation, have a top price and be OK if you don't get it!
9. Don't fall in love with a house until it's yours! This is a tough one, but if you loose out on a home you may start to compare all the next houses you see to that one, and it will make your search that much harder. Be strong.
10. Buy in the dead of winter. Why? well in Winnipeg there is less competition and prices tend to be esier to negotiate, however you may have less choices than you would in the spring.
Buying a home is an exciting experience, it can be stressful, but it can also be fun! Be prepared, have the right people in your corner, and most of all, enjoy it!!!!
For more information on buying a home, please feel free to give me a call!
I've Gotcha Covered!