Realtor.ca has put together a list of 6 questions first-time buyers should pay attention to. I’ve added some comments. Feel free to reach out to us to obtain additional information.
- Find a REALTOR who’s a good fit
- Do your assigned reading
- Identify your must-haves by window shopping
- Be comfortable with your conditions
- Get the complete financial picture
- Don’t forget the spending that comes after the deal closes
Our team’s catchphrase is “Customizable Service” and what that means is we adapt our service according to the need of the client. Some more experienced will have fewer questions. Some first-time buyers will have many questions – and for that, we are there. We understand that real estate is not a 9 to 5 job; when a buyer is looking for a property and has questions it is essential to be able to help.
It is important to understand what you are purchasing. With condos, condo documents are produced including the status certificate. It is important to read these documents and understand the financial state of the corporation and the rules of the corporation. It important to be comfortable with all of that.
Unless you have an unlimited budget. A shopping list must be established with the must-haves and the would be nice to have. According to the property, some things can be changed some things will be the way they are. You need to make an enlightened decision of what your house or condo should be.
Depending on the market you find yourself in you may need to forego some conditions. But you need to be able to be comfortable with that decision. What can be the consequence of buying a house in an older neighbourhood without doing an inspection? Can you afford that consequence?
Establish your complete budget. What are the ongoing costs? What are the onetime costs? Budget carefully.
