Buyer Advice

home → buyer

Why a home inspection?

Whether you are looking to buy or sell a home, you should have a professional home inspection conducted. If you are buying a home, a home inspector will ensure the systems and foundation of the home are free from severe damages that may increase your liability in the future. Likewise, if you are selling a home, failing to receive a satisfactory home inspection will make it very difficult to sell your property.

General home inspection items include:

- Structural elements of the home (walls, ceilings, floors, roof, foundation etc)
- Exterior (landscaping, grading, elevation, drainage, windows, trim etc)
- Roofing (ventilation, framing, gutters etc)
- Plumbing (drain, waste, pipes, toilets, showers, sinks etc)
- Electrical (circuit breakers, main panel, wiring, grounding, exhaust fans, light fixtures etc)
- Appliances (dishwasher, oven, garbage disposal etc)

If you are purchasing a home, you need to know any underlying issues with the home before you close the deal. A professional home inspector will disclose any known problems with the home that may affect your buying decision.

If you are selling a home, you should know about any hidden problems before your home goes on the market. Usually, any buyers will require a professional home inspection as one of the contingencies before they decide to purchase. If the inspector addresses any serious problems, the buyer will likely back away from the deal. Any issues with the home should be fixed before your home is put on the market. This will make selling your home a lot easier.

Your Home Buying Plan

1. Choose Your Representative
Even if you're just thinking of buying a home, contacting a real estate agent can provide a wealth of valuable resources. You can get access to a wide range of information that will allow you to be prepared when you are ready to make the next step.

2. Find Your Price Range
The best way to find out your price range is to speak to your lender. A mortgage pre-approval will assure that you are ready to purchase a home. It will also allow you to develop a budget and know exactly what to look for when searching for a home.

3. Know What you Want
Develop clear specifications on the type of home you want. This includes: price, neighborhood, accessibility, distance to work, schools, etc. Knowing what you want will put you one step closer to finding the home of your dreams!

4. Find your Dream Home!
Once you know exactly what you want and your price range, you will be surprised how much your buying representative will be able to assist you. Before you know it, you will be waking up in the home you've always dreamed of!

Common Buyer Errors

Shopping for a new home is an exciting and emotional experience. Often times, buyers get overwhelmed with excitement and tend to overlook some important details in the home buying process. This could result in making your purchase more expensive than it should be.

If you have an organized plan before you shop, you will be able to avoid these common mistakes. Below are a few tips that could help you make the most out of your home purchase:

1. Bid with care
Is the seller's asking price high? Is it a steal? How much do you offer? These are common questions that often get overlooked from the excitement of buying a home. With the help of a real estate professional, you will be able to do research on the market and comparable homes which could save you thousands of dollars. Without important information on the market, your offer could be too high, or you could even miss out on a great buying opportunity.

2. Are you buying the right home?
Do you know exactly what you want in a home? It is important that you have a list of clear, detailed specifications on the home you want to purchase. Buyers often overlook items such as distance to schools, the neighborhood, hospitals, shopping malls, or even the distance to work. If you plan ahead with clear objectives and goals, you will be in a great position to buy the perfect home.

3. Clear title
Before you sign any document, you should be certain that the property is free from any encumbrances. Your agent should be able to provide you with the copy of the title to ensure there are no liens or debts on the property. Essential background information can save you from enormous consequences in the future.

4. Repairs
For a few hundred dollars, a professional home inspector can conduct a thorough examination on the home. Doing this will give you an idea on the cost of future repairs. Spending the money for a home inspection can save you from repairing costly items in the home in the future.

5. Get pre-approval
When shopping for a home, it is a good idea to get pre-approval for your financing. This will put you in a favorable position, as a seller is more likely to consider an offer from a serious buyer. Failing to get pre-approval can cause you lose your dream home to another buyer!

About Jacqueline

Whether you are buying your first home or a seasoned investor, it's a big decision and you need to ensure you partner with the right Real Estate Professional. Jacqueline's creativity, attention to detail and customer first approach, makes her a strong partner.

Contact Me

Royal LePage Your Community Realty

Mobile: 289 221 0998
Telephone: 905 727 3154
FAX: 905 727 7702
Skype: jacqueline.getsold
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