A home isn't simply a structure with floors, walls, and ceilings. It's a place of laughter, comfort, and security. Finding the right home is like choosing a partner to share the most important moments of your life with.
Are you buying your first home? Don't make these five mistakes:
Not getting pre-qualified for a mortgage
Pre-qualify with a broker of your choice. This can save you hours of searching for homes in the wrong price range.
Not shopping for mortgage terms
Rates are negotiable! Banks will sharpen their pencils to get your business. The time spent determining the right rate and package for you can save thousands of dollars over the life of the mortgage.
Not getting a professional home inspection
Nobody wants to purchase a home only to find out later that there are defects, latent or otherwise. You may be able to negotiate the purchase price to cover any required repairs.
Not using a real estate sales representative
A sales representative can help you purchase a home, use their expertise to navigate issues, and ensure that the price you pay is market value. They are there to make the process as clear and smooth as possible, so make sure to ask questions!
Not knowing the full cost of home buying
Know all the costs associated with your purchase, such as legal fees, transfer taxes, future monthly utilities, and other potential costs.