Buying A New Home
If you have decided to take the large leap into buying a home, there are many factors to consider. Here are a few to consider:
- Understand before you start what is private
- Are you ready / prepared to buy? Financially, do you have a pre-approved mortgage? I can recommend options for the best mortgages
- What costs will be involved when moving?
- When is the best time to buy a property?
- Are you in a hurry to move?
- Choosing the Right Agent is as important as choosing the right house - speak to me for tips
- Seek legal representation
- Have you organized your down payment? Do you fully understand the tax implications of withdrawing money from your RRSP’s or stock options?
- Consider the effects of moving could have on your taxes
After you have considered the above topics, give me a call or send me a quick note firstname.lastname@example.org with further questions or concerns. We can then set a time to sit down, have a chat and a cup of tea to discuss the options.
- I will provide you with options for financing
- I will go over the disclosure issues re Agency. I have referenced this on the first line at the top of the page. It’s important. These rules have changed.
- I will explain what you can and cannot expect from a home inspector
- I am not here to just push you in to the first home; I am here to provide you with enough information to make an intelligent decision. If you are not intelligent… then I can help you with that also!
- Lifestyles and changes. Do you plan to have children? Do you have children that are moving away? Are you close to retirement?
- Needs vs. Wants. What features do you want in your new home? What features do you need?
- Consider a neighbourhood you might like to move to
- When viewing, check for properly working appliances/fixtures
- Look at maintenance costs. Newer appliances or covered by warranty
- Search the neighbourhood for businesses within the area, ex. Schools, hospitals, malls, etc.
- Arrange for home inspections
- Be an informed buyer. Some neighbourhoods have deed limitations.
Purchasing a new home can be difficult and confusing, but there are people who you can help. Whether they help you figure a price limit that you can afford, or take you on tours of neighbourhoods and houses that interest you, all of these professions are important to the Buying/Selling process. Certain professionals that you should consider for help:
- Real Estate Agent
- Lender or Mortgage Broker
- Home Inspector
- Insurance Broker
- Land Surveyor
Patrick O'Donnell Personal Real Estate Corporation
Royal LePage Sussex
2397 Marine Drive, West Vancouver, V7V 1K9
Email: email@example.com and Website: www.patrickodonnell.com