Mortgage Approval If you need a mortgage, a mortgage broker can help calculate an appropriate size of mortgage based on your income, expenses and down payment, pre-approve you for the amount required and advise on your monthly mortage payment. This will help you write offers within your own financial comfort level.
Finding the Right Agent Buying can be stressful, so finding the right expert to minimize the stress and support you through the buying process is really important. Ensure you find an Agent you can trust and who has your best interests at heart.
Investment If you are an investor looking to find a rental property, you should ideally choose an Agent with a Property Management license who can advise on the best rental areas and accurate rental prices.
Finding A Property You Can Grow Into It is important to think about where you will be in five years. This will help you make choices for the future and prevent you buying again in a few years due to you having outgrown the property.
Must Haves In an ideal world you will find a home that has everything you want. However, be realistic and list your MUST HAVES that you could not live without and focus on those. This will help narrow down your search and understand what you can compromise on.
Negotiating The market has slowed these last 6 months and there are numerous properties on the market. Some sellers will be more willing to negotiate than others. Take advantage of the opportunities and work with your Agent to get the best price.
Use An Inspector An inspector can advise you if there are any issues with the property. If it is a condo or townhouse they will also look at the strata building and advise on future maintenance costs. They could save you a lot of money down the line and expose potential issues.
Buying Costs There are more costs involved than just the property price. Be aware of property transfer tax, closing costs, moving costs and any renovation updates you want to make.
