Tips for Home Buyers
When you are in the process of buying a home, you may feel stressed out or overwhelmed or you may be having a hard time finding the perfect home. The following article will hopefully empower you with some useful home buying tips.
The first step is hiring your own people. Don’t share the seller’s agent, inspector or appraiser. Because they were hired by the seller, it’s an obvious conflict of interest and besides, you wouldn’t be doing yourself any favors as they have a fiduciary tie to the seller.
When it is time to make an offer on a home that you want to purchase, be sure to include in your offer that you want a home inspection to determine if the house is in good shape or needs costly repair work. A home inspector will point out potential problems that will be important in your decision to pursue the purchase of the home.
After your offer is accepted make you get a professional home inspector that you can trust. You can’t think of everything you need to inspect the home yourself and your judgment will be clouded by the many other things that are happening. Make sure your home inspector is a licensed and experienced professional.
When buying real estate be aware that a 20 year old house is potentially the worst because so many components do not last longer than that. You will want to check to make sure the furnace, roof, and air conditioner have already been replaced or know that you will be replacing them soon out of your pocket.
In most circumstances buying a home is actually a better choice than renting one. Sometimes paying a monthly mortgage is cheaper than having to pay rent anymore. Plus, when you own a home, you are free to make any changes you want to it, unlike renting one.
Be aware that purchasing a home is not usually a quick process, most transactions take 6 to 10 weeks to go through although I have done them in 2 weeks in the past. You have to have patience for homeowners to make repairs, and for proper documents to be signed. If time is of the essence for you, try to avoid homes that are foreclosures or short sales.
When selling or purchasing a home, you should also be prepared to compromise. You may not receive everything that you want. Both you and the seller or purchaser, may have to give a little bit. You should try to focus on your top priorities and stick to them. Avoid letting your emotions get the best of you.
Always go for homes with multiple bathrooms, as opposed to multiple bedrooms, if the price is right. If you ever do need the extra room, constructing another room in or onto the home, is a lot cheaper and easier than running more plumbing and creating another bathroom. We’re talking, tens of thousands of dollars and months of labor, for a bathroom.
Buying a house can be a great investment, houses are expected to appreciate in value as a general rule. If you are currently considering buying or selling a home in the Calgary Real Estate market Samantha Clement and her team would like to help.