What to Consider Before You Buy a House


It is important that you buy a home that will be what you want and one that is a good investment. By understanding the process and the market you are in, you can buy with confidence.

It’s important to educate and empower yourself before you buy a home. You want to ensure that the home you purchase meets your requirements and is a safe and smart investment. By understanding the process and the market you are in, you can buy with confidence. Having the right information and relevant advice will put you in a position to make your buying dollars go further.

 Contact a REALTOR®

Before you purchase a home, seek the advice of a real estate agent. Real estate is their business and they have likely viewed more homes than you will in a lifetime. They bring that knowledge to the table along with an understanding of the financial arena. A real estate agent usually helps the buyer secure the best deal and the right house for the buyer’s budget.

 Think Investment

Before you get a home, you need to recognize that your home will also be an investment in your future. This may be the largest investment you have ever made. So, when you decide to buy, you should be educated on where and what you should invest in. Analyzing your want list with what your future buyers might be looking for is a balancing act. While you may think living across from a school would be great, your own future buyers may not think so. Establishing a relationship with an experienced real estate agent will be very important when making decisions about what future impact you may expect if you buy a home that has qualifications. Your agent will create a market analysis of the property you are interested in. Having a good sense of what properties are selling for in the neighborhood will give you helpful information in the event that you make an offer to purchase the property.

Before you buy a home, see a lender who will help you determine your spending budget. Armed with this information and your “dream home” check-list, your real estate agent will comprise a list of homes that may fulfill your expectations. If after looking at homes, you see that your dream list and your budget don’t match, keep in mind that this will probably not be the house you live in for the rest of your life. But if you buy smart now, you will be gaining equity and appreciation, and this house may provide the money to buy your step-up home of your future.

If you’re considering selling your home or you are in the market to buy?
Consider working with Mike Bolger from Chestnut Park West.

Mike Bolger, Sales Rep
Chestnut Park Realty Southwestern Ontario Ltd.
The Shops at Waterloo Town Square
75 King Street South, Unit 50 
Waterloo, ON N2J 1P2
+1 (519) 616-2656 
http://www.mikebolger.ca/
Location: Waterloo, ON, Canada

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