Before diving into buying a home, ask yourself why: to stop renting, build equity, have your place, or raise a family? List specifics on the type and location of your ideal home, distinguishing "must-haves" from "nice-to-haves."
What locations are ideal? Ask yourself how are are you willing to commute to work? Is it realistic?
Determine your space needs: one level or stairs? Consider property size and type. Are you leaning towards a newer home or perhaps an older one for renovation?
Someday you may want to sell. Consider how long you expect to live in this particular home, and what the future value will be.
If a strata property catches your interest, take note of the restrictions. Check for potential limitations on renting, age requirements, and specific rules regarding pets, including size constraints.
The more information I can gather, the better chance I have of finding a home that is the perfect fit for you.
FINDING THE RIGHT HOME
To truly grasp the essence of a home, nothing beats seeing it in person. I recommend hitting the ground and touring as many homes as possible! *within reason, there is such a thing as seeing too many!*
Understand that there's no "perfect time" to buy. If you discover your ideal home now, don't jeopardize it by trying to predict market trends and interest rates. These factors are often unpredictable, and waiting may not significantly impact an individual home's price.
Acknowledge that perfection in a house is rare. While it might be in the ideal location, the yard could be smaller, or the kitchen perfect but the roof needs attention. Don't fixate on minor imperfections like orange walls. Prioritize your top needs, and let go of less crucial details. Understand that some buyer's remorse is normal and usually temporary.
Avoid being overly aggressive in negotiations. While it's a crucial part of real estate, trying to "win" by insisting on an extremely low price might result in losing the home you adore. Homes can sell below, at, or above the listing price. I'll research comparable properties to guide you in making a fair offer, irrespective of the current list price.
Don’t get so caught up in the physical aspects of the house itself that you forget to consider important issues such as noise level (kids upstairs?), access to amenities/healthcare, and other aspects that have a big impact on your quality of life.
Choose a home first and foremost because it steals your heart, and you can see yourself in it. Think about appreciation after.
At the end of the day, a home is still considered a great investment of your money, but it’s most important role is as a comfortable, safe place to live.
PREPARE EARLY!
Some sellers may be in a rush to sell their home for a variety of reasons. In these cases, anybody who is capable of completing a sale early will have the upper hand.
To give yourself the best chance against the possibility of a quick sale, be ready to take advantage of matching a seller’s time schedule.
The Importance of Your Own Representation
When communicating with a Listing Agent, remember their primary goal is to secure the best deal for the seller. They can't provide advice on price or property value and are obligated to prioritize the seller's interests. Any information you share about your buying motivation will be shared with the seller.
A Buyer's Agent fully represents your interests, providing crucial information for an informed purchase. We safeguard your confidentiality, offer pricing advice, assist in negotiations, and use effective subject clauses to protect you throughout the buying process.
Take the next step in your journey
I look forward to working with you and helping you reach your home ownership goals. Reach out to get in touch and start the process today. I offer:
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