Buying a home is a big decision – whether it’s your first home or your fifth. To help you make the right decisions as you move through the process, we at Woolcott Real Estate have developed tips to follow to make a smart home purchase when you’re in the market to buy.
Keep Budget In Mind
When moving, there are a number of expenses beyond the purchase price of a home. Don’t forget to factor in Land Transfer Taxes, legal fees, mortgage insurance, home inspections and moving expenses.
Determine Wants vs. Needs
It can be easy to forget some of the necessities in the excitement of looking at properties. List out your must-haves, such as number of washrooms, kitchen size and backyard needs before setting out.
Buying a home isn’t getting any easier in this fast-paced market. The following resources will help you stack the odds in your favour:
- Hidden Costs of Buying a Home You Need to Know Now
- How To Win In A Multiple Offer Scenario
- 7 Amazing Benefits of Working with a Real Estate Agent
Ask Questions
Your real estate agent is an expert – so don’t be afraid to ask questions! Buying a home can be confusing, but as it’s often the biggest purchase people make, it’s not the time to be shy.
Get Your Pre-Approval
In a competitive market, time is of the essence. Your real estate agent can help negotiate a better deal on your dream home if you have a mortgage preapproval in hand.
Tip: If you want some recommendations for some tested and true mortgage brokers, speak with our team of realtors at Woolcott Real Estate today. We have a great list of local mortgage brokers.
Be Open to New Areas
Though you may have your heart set on one neighbourhood, your real estate agent has a wealth of knowledge – including up-and-coming areas you might not be aware of, and where the best spots are for your investment.
Woolcott Real Estate
Are you looking for the best real estate agent in Hamilton, Burlington or Waterdown? Woolcott Real Estate might have the solution you’ve been looking for. Our team of local realtors has years of experience under their belts, making them the experts in local real estate. To get started, contact us today or browse through our buyer’s resources!
