Five Mistakes to Avoid for New Home Buyers

  1. Not Getting Pre-Qualified for a MortgageBefore searching for your next home take the time to get prequalified by the bank or home loan institution you pick. This can spare you hours of hunting down homes in the wrong price value or buying a home and finding out after you don’t meet all requirements for financing. Pre-qualifying gives you assurance and peace of mind, helps you trim down your choices and gives your Proprio Direct broker an edge on the negotiation table by having the capacity to lighten the clients concern over financing in the event that there will be a competing offer.
  2. Not Shopping For Mortgage TermsBanks will do anything to get your business particularly on the chance that you have a good credit rating and might bring other business to them e.g. RRSP’s, general account, savings etc. and so forth. All rates are can be negotiated. You have to recognize what the best rate is and this is typically done by getting competitive quotes. Inquire also whether the bank will cover appraisal fees, and about buy-out fees, penalties, payment options, portability etc. and so forth. The time spent can spare you a huge amount over the life of the home loan.
  3. Not Getting Professional Inspections No one needs to buy a home just to discover later there are imperfections. Make sure you acquire the inspection required e.g. home inspection, structural engineer, pest or bug, radon and so on. In the event that the inspection distinguishes inadequacies you may have the capacity to arrange the purchase price tag to cover repairs or meet the inspection requirement subject to the homeowner fixing the issues. Your Proprio Direct broker can help you on the things you ought to consider.
  4. Not Using A Professional Real Estate Broker.Your Proprio Direct broker can help you purchase a home with the minimum issues. He or she can guarantee the value you pay is current market value. Since they work for you, they can offer expert advice on what to search for, conditions to incorporate, arrangement methods and so forth.
  5. Buying a new home first before selling the previous homeIn the event that cost is vital, you ought to sell your present home before purchasing another. It has the point of interest in telling you precisely the amount of cash you will have accessible for your next home to buy. Selling your old home first permits you to place lesser conditions on your purchase which makes your offer more appealing to a seller. The other factor is when you find your dream house, odds are others will likewise think that it is appealing and you will lose it in the event that you can’t make a favorable offer.

Donald Abdelhay
Real Estate Broker

Enjoy the services of a broker while maintaining the privilege of finding your own buyer and savings on the commission, that’s the Proprio Direct advantage!