Many will agree that purchasing and owning real estate is one of the most important parts of adult life. Like any large item, thought has to be put into the longterm effect a home or other property will have on your lifestyle and family. If you are thinking about getting out of the renter's mindset and moving up to owning your own home, here are seven tips that might be useful.
1. Find a real estate agent that you feel comfortable with, and that has experience in your market. If you can locate an agent that understands your needs and is willing to put the effort into meeting them, then you are on the right track.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Talk to your financial institution before you are ready to buy. If possible, get an idea of the price range they can support you for. In some cases, a pre-approved mortgage may be available.
5.Dont let your eagerness and emotions get the better of you. It is easy to find a home that you just have to have. You need to talk to your real estate agent and weigh the pros and cons before you make any decisions.
6. Try to appreciate the position of the seller in any offers you might make. A really low offer on your part might upset the applecart and you might not get a good counter offer. This is a good area to trust your experienced real estate agent.
7. Know and understand the legal documents before you make an offer on a home. Ask your real estate agent to explain the clauses and agreement, and make sure you know your rights as well as your obligations once the offer is put forth.
Hopefully, this short article has given you food for thought on your new home. Good luck in your search! - 16069
1. Find a real estate agent that you feel comfortable with, and that has experience in your market. If you can locate an agent that understands your needs and is willing to put the effort into meeting them, then you are on the right track.
2.Get your real estate agent to prepare a Comparative Market Analysis of the property you have in mind. This will show what similar real estate has sold for recently, and show you how the asking and selling prices of various homes compared.
3.Have the home inspected. For this inspection you need a third party inspection company. This will let you know of any problems with foundation, roof, etc. Before you buy is the time to know the true condition a home is in.
4. Talk to your financial institution before you are ready to buy. If possible, get an idea of the price range they can support you for. In some cases, a pre-approved mortgage may be available.
5.Dont let your eagerness and emotions get the better of you. It is easy to find a home that you just have to have. You need to talk to your real estate agent and weigh the pros and cons before you make any decisions.
6. Try to appreciate the position of the seller in any offers you might make. A really low offer on your part might upset the applecart and you might not get a good counter offer. This is a good area to trust your experienced real estate agent.
7. Know and understand the legal documents before you make an offer on a home. Ask your real estate agent to explain the clauses and agreement, and make sure you know your rights as well as your obligations once the offer is put forth.
Hopefully, this short article has given you food for thought on your new home. Good luck in your search! - 16069
About the Author:
John is an Alberta real estate enthusiast, and spends his spare time examining Alberta recreational property for sale. To see more articles, visit Calgary and Alberta real estate.
