BUYERS NEED TO KNOW

1. Get a preapproved mortgage
Finding out what your budget is before you go house shopping can save you a lot of time and aggravation. By getting a pre-approved mortgage you are able to be competitive in the market as well as understand the conditions your mortgage may bring with it.

2. Know what your “must haves” are and what you are willing to compromise on by making a checklist of your “must haves”. It helps you, along with your agent, determine the best places to look. This will help narrow your search and help the process go smoothly.

3. Find an agent who understands your needs
Looking for an agent who you feel comfortable with is key. At Bryant Realty we have several agents to choose from, all with a great understanding of the market and locations you will be looking at.

4. Looking for your home
Your agent will review multiple listings sheets with you. Understanding how to read these and doing previews will help you better understand what you are looking for. Also, do not forget to relay your feedback to your agent to help them better understand your search.

5. What is in a location
As part of your checklist, do you want to be near a school or green spaces? Many neighbourhoods are focused on particular demographics. Your Bryant REALTOR® can help you find these areas which best suit your lifestyle.

6. Starting small, dreaming big
If you plan to renovate areas of your house, it would be wise to have a contractor estimate the costs before you make an offer as there are a lot of legalities around building up and out and it is better to be aware of the costs upfront. In a lot of cases, it is better to increase your budget to get what you want instead of renovating.

7. Home Inspections help you understand
Even if your house is new, it is wise to have a home inspection done. They can help you understand upcoming and current repairs your home may need.

8. Consider the future
If this home is a stepping stone, consider the location you are looking at and the resale value. If it is an up and coming area, you are more likely to get a higher return on your investment. Look at factors such as traffic flow, corner lots and building developments to help you make your decision.

9. What are the hidden costs?
Remember that the final offer on your house isn’t the final price tag. There are additional fees such as land transfer tax, lawyer fees and home inspection. Ask your real estate agent about potential hidden fees.

10. Closing the deal
Never hesitate to ask a question. It is better to be well informed about your purchase as this is a long-term commitment. Once the deal is closed your home buying concerns should be behind you and the excitement of moving in is ahead.