Thinking of getting out of rental properties and owning your own home? Real Estate can be an intimidating and frightening topic for those new to the market. Here are a few ideas to get you started. Of course, lots of research is a good idea before you really get at it.
1. Get an experienced real estate agent on your side. Instead of trying to find a house on your own and then negotiating with the owner or their representative, take advantage of a qualified agent's experience and the resources he or she has. A real estate agent could have hundreds of real estate transactions under his or her belt, and this can be used to help you get the best possible home for your money.
2. Have a comparative market analysis done up. You need to know what the going price and asking prices are for homes in your area. This report will give you a picture of what the market has been like recently.
3. A third party home inspection is a must. Don't buy property until an expert that you trust has examined it. Everyone has heard horror stories of homes with bad foundations or plumbing troubles. At the very least, you may gain valuable bargaining information.
4. If possible, try to get pre-qualified for financing, with a mortgage rate guarantee. This will help find homes that you can afford, and avoid disappointment if you fall in love with a house out of your price range. It will also streamline the buying process later on.
5. Avoid getting emotionally attached to a home the first time you see it. While liking the house you buy is important, a purchase of this size needs to be carefully thought out. Don't let your emotions sway you into making foolish choices that you may regret later.
6. Talk to your real estate agent about first offers and price negotiations. One of the reasons you want to find an experienced agent is to utilize his or her negotiation skills to get the best and fairest price on your new home.
7. Any legal documents you might sign need to be fully understood. If you are unsure of your rights and obligations, make sure you ask your real estate agent to explain them to you.
Remember, your best bet is to find a real estate agent that knows the ropes, and that is working to find you the best home you can afford. Good luck finding your perfect home! - 16003
1. Get an experienced real estate agent on your side. Instead of trying to find a house on your own and then negotiating with the owner or their representative, take advantage of a qualified agent's experience and the resources he or she has. A real estate agent could have hundreds of real estate transactions under his or her belt, and this can be used to help you get the best possible home for your money.
2. Have a comparative market analysis done up. You need to know what the going price and asking prices are for homes in your area. This report will give you a picture of what the market has been like recently.
3. A third party home inspection is a must. Don't buy property until an expert that you trust has examined it. Everyone has heard horror stories of homes with bad foundations or plumbing troubles. At the very least, you may gain valuable bargaining information.
4. If possible, try to get pre-qualified for financing, with a mortgage rate guarantee. This will help find homes that you can afford, and avoid disappointment if you fall in love with a house out of your price range. It will also streamline the buying process later on.
5. Avoid getting emotionally attached to a home the first time you see it. While liking the house you buy is important, a purchase of this size needs to be carefully thought out. Don't let your emotions sway you into making foolish choices that you may regret later.
6. Talk to your real estate agent about first offers and price negotiations. One of the reasons you want to find an experienced agent is to utilize his or her negotiation skills to get the best and fairest price on your new home.
7. Any legal documents you might sign need to be fully understood. If you are unsure of your rights and obligations, make sure you ask your real estate agent to explain them to you.
Remember, your best bet is to find a real estate agent that knows the ropes, and that is working to find you the best home you can afford. Good luck finding your perfect home! - 16003
About the Author:
John is an Alberta real estate owner, and spends his spare time examining local homes for sale. To see more articles, visit Calgary and Alberta real estate.
