Buying Your Home
Your Street professionals understand buying a home is a big decision – whether it’s your first home, a seasoned buyer or relocation. To help you make smart decisions, it’s important to think with your head and not your heart. Here are some “Your Street” tips and suggestions to help you be home smart when you’re in the market to buy.
1. Do Your Homework
Your Street believes the best clients are prepared clients. Get informed about the buying process, before it begins, to save time, stress and money. “Your Street” begins preparing clients on their 1st meet; familiarizing them with the buying process, important documents, market trends, areas of interest and any question they may have.
2. Choose The Right Fit
Your Street suggests choosing a real estate professional to represent and help you with your largest financial transaction should not be taken lightly. Don’t be tempted to hire the first one you meet, or that long lost relative. Make sure the fit is right! “Your Street” ensures clients interest and bottom line are number one priorities.
3. 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. Have wiggle room in your budget to cover the cost.
4. Protect Yourself
Your Street professionals will help prepare and explain the implications of different offers and conditions; for instance, making 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.
5. Check What’s Inside The Walls
Your Street professionals will ensure 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 and suggest a home inspection to further examine the home. Don’t hesitate to ask questions.
6. Be Specific
Your Street professionals understand the importance of making your offer as detailed as possible. Outline what will be included with the sale (e.g., appliances and light fixtures) and be clear if certain renovations need to be completed, based on the home inspection.
7. Plan Ahead
Your Street professionals have the experience and understanding of strategies when encountering a bidding war negotiation. Set ground rules in advance about what you want from a home, what you’re willing to spend and what conditions must be met. Once your rules are set, stick to them. When there are competing offers it can be tempting to waive your conditions (such as a home inspection). Think twice before doing this.
8. Expect The Unexpected
Your Street professionals 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.
For more information about buying your home … click here!