If you are thinking of buying property in Orillia, Severn, Oro-Medonte or Ramara, take a few minutes to read my Five Tips for Home Buyers.
Whether you are a first-time buyer, moving up in the market or downsizing, I can help you get the most from your purchasing power. Contact me today to learn how I can help make your real estate decisions easier.
|Five Tips for Home Buyers
Get the most from your purchasing power.
1. Know What You Can Afford
The initial step is to determine your budget. A visit to a mortgage professional or your financial institution is time well spent before you start looking at houses. They can help you determine the amount of mortgage you can afford based on your income and other obligations. Add to that the amount you have available for a down payment and it is easy to determine a price range for your new home. With a mortgage commitment or pre-approval from the lender in your pocket, you are ready to start looking at properties.
2. Make Your Wish List
Make a wish list of the essential features you want in your new home. Be as detailed as you like, but think about how the essentials fit your lifestyle. For example, a beautiful garden is wonderful to enjoy but it can demand a lot of work: would you have the time, energy or interest to devote to it? Once you have your wish list compiled, rank the features from most to least important to help focus your ideas and define what you want.
3. Communicate Your Expectations
Your time is valuable - why spend it looking at houses that don't have the key features you want? Communicating your requirements to me can save you time and money in your search. Through professional organizations and industry resources, I have access to information about homes for sale in the Orillia area. I can do the footwork for you to determine which properties meet your expectations and budget.
4. Plan Your Moves
If you have to sell your present home before purchasing another, it is a good idea to start thinking of ways to accomplish that, early in the home buying process. I can suggest strategies to help you balance the priorities of being a seller and a buyer at the same time.
If you are a first-time buyer, remember there are many costs to purchasing a home beyond the negotiated price: appraisal fees, legal fees, inspection fees, title insurance and more. The details that matter to you, matter to me. I will help you be prepared, not unpleasantly surprised, at the time of closing your transaction.
5. Be Prepared to Act
Knowing what you can afford and what you want are important, but so is being able to act promptly when you find your ideal house. Regardless of supply and demand in the marketplace, when you find what you want, be prepared to act without delay. All too often, buyers miss out on opportunities because they are not in a position to take action when they find the home of their dreams.
|Are you planning to buy a home in Orillia, Severn, Oro-Medonte or Ramara in the near future? Contact me today to learn how I can help make your real estate decisions easier.|
Paul Cleary, B.B.A., Broker, Office: 705-325-1373, Direct: 705-327-6002, Fax: 705-325-4135
RE/MAX orillia realty (1996) ltd., Brokerage, 97 Neywash Street, Orillia, Ontario, Canada L3V 6R9
©copyright 2021 Paul Cleary.