Buying a home is a big decision...
To help you make smart decisions, it’s important to think with your head and not your heart. Here are some tips for being home smart when you’re in the market to buy.
Keep budget in mind
Remember to include legal fees, land transfer tax, mortgage insurance and utility hookups in your total cost. Know the costs of a home inspection and home appraisal or survey. Moving costs can vary based on volume, distance and whether you hire a professional mover.
Protect yourself
Make your offer conditional on mortgage financing, a home inspection, the sale of your existing home, and/or other factors that are important to you. These conditions provide you important protection as a buyer.
Check what’s inside the walls
Ask your real estate representative to look into the age and condition of the home’s systems, such as the plumbing and electrical. Find out if proper permits were pulled for any renovations. Consider a home inspection to further examine the home and don’t hesitate to ask questions.
Expect the unexpected
Does your closing date on your new home align with when you need to move out of your existing home? Have a contingency plan in place in case the dates don’t match up.
Above all, working with a registered real estate professional will help you navigate the many steps and decisions involved in the home buying process.