Tips for a First-Time Home Buyer

first-time-home-buyer-tips

Buying a home is a big decision, and if you’ve never done it before you can feel quite overwhelmed with the wealth of information available. The truth is that no two first-time homebuyers are alike, as everyone has different needs and expectations for buying their first real property. You know you want a place of your own; you just aren’t sure where to start looking. So let’s take a look at some need-to-know basics for those entering into home-ownership.

 Know What You Want

With so many different types of property on the market, you’ll want to do a fair amount of research before you even get started. Most people start browsing homes well before they’re ready to buy, so you probably have a good idea what you want. It’s great if you can take the time to write down a list of your desires, and then another list of things that you just can’t live without. It’s also a good idea to know where you want to live, or if you’re not picky about location, to at least know what types of surroundings you’re looking for in a home.

 Seek Pre-Approval

Before you go any further, visit with your financial institution or broker to find out what your price-range is.

 Find a Real Estate Agent

When you’re looking for your first home, you’re going to want to find someone who you trust to represent you. Ask around to see if your friends and family have any recommendations to find someone well-suited to your needs.

 Viewings

Have fun while you’re looking at places. Be realistic and honest about how each place stacks up verses your expectations and desires. When you’re done each viewing, take a family vote on how much you loved the place on a scale from 1-10. What aspects did you like best? What do you think is a potential problem? When you have seen a number of properties that you like, go back to your top three and see them again.

 Create an Offer

Once you’ve decided on a place that you love, work with your real estate agent to create and submit an offer. Don’t be disheartened if things go back and forth a few times. This is the nature of the beast. Rest assured that your real estate agent is working with your best interests in mind to get you the place that you deserve. When everything is said and done, you’ll pay a decent price for the starter home of your dreams.

Why Hire A Real Estate Agent

In the digital age where there is so much information readily available to us, we are better able than ever before to take on roles that we would have traditionally outsourced. When it comes to buying or selling a home however, there are still plenty of reasons to choose a real estate agent instead of going it alone. While it’s certainly possible to buy or sell a home without hiring a real estate agent, it’s not necessarily the best choice for most people, especially those without much market experience.

If you’re in the market to buy or sell a home, apartment or condo, here are some reasons that you may want to consider hiring a real estate agent.

 

Knowledge:
The number one reason to hire a real estate agent is because of the knowledge that they can share. Your agent is educated and experienced with the ins and outs of property investment so that you don’t have to be. In addition to this, your real estate agent is in the business of knowing the lay of the land; he or she will have experience in almost any district you’re considering buying in. The experienced agent knows exactly what to expect from the market in any given neighbourhood, and will ensure that you get the price you’re looking for. Real estate agents also have information on market conditions that you just don’t have on your own, such as average sales prices in the area, and the average time a house spends on the market.

 

Paperwork:
Let’s face it, this is a great incentive to hire a real estate agent. Your agent is excellent at filling out, explaining and filing paperwork so that you don’t have to, and that’s worth its weight in gold.

 

Networking:
As a person with many professional connections, your real estate agent is an asset when it comes to finding other professionals with excellent credentials. Real estate agents will already have a secure network of people that they trust to get the job done right, and those connections are priceless.

 

Negotiation:
Maybe you’re excellent at the bartering game, but keep in mind that your real estate agent is bargaining from an objective standpoint. He or she isn’t going to make bad monetary decisions based on emotional reactions, and will keep all information confidential and safe.

Turn Some Heads: Curb Appeal 101

Are you ready to turn some heads?   Here are some simple steps that you can take to turn the drab into fab and create some serious curb appeal!  After all, you only get one chance to make a first impression.

 

Front Door

Treat your front door to a new coat of paint!  If you are daring, go for a pop of colour or keep it neutral. For some design inspiration visit this great site!

(Photo Source: Apartment Therapy)

 

Landscape

There is no bigger eyesore than a poorly landscaped property with nasty weeds popping up all over the place!  Keep the front of your property tidy with a well-manicured lawn and add a pop of colour with some strategically placed flowers in the garden or in some nice planters near the front door.   For some design inspiration check out landscapeontario.com!

(Photo Source: Landscape Ontario)

 

Lighting

Don’t get lost in the dark, show off the great features of your home and garden with some landscape lighting!  The lighting will also add safety and security to your home by illuminating potential hazards.

(Photo Source: Hoss Magazine)

House Numbers

Great address numbers make a statement about your home and reflect your personality.

(Photo Source: Modern House Numbers)

 

Driveway 

Since the driveway is one of the first things prospective buyers will notice, it’s a good idea to freshen it up.  Adding a sealer can refresh a tired driveway.

(Photo Source: ProtectAsphalt)

New, Improved and Social

RE/MAX prides itself on being “Above the Crowd” and now our website has caught up to that sentiment.   We are very excited to launch our new and improved website.  It has a fresh and clean look that is also easy to navigate.  It allows you to easily search listings, connect with buyers, sellers and real estate agents.  You will also see feature property listings showcased as well.

We invite you to explore it at www.remaxcentre.ca!  Let us know what you think.   We hope you love the new design as much as we do!

We have also kicked it up a notch with our Social Media efforts to share great content with you in a timely manner!  In this day in age it is so important for Real Estate Agents to embrace Social Media and include it I your daily marketing efforts.  It is also a great tool to learn about what is going on in your community and develop relationships with people in your community that you otherwise not have the opportunity to connect with.

Click on the links below to Follow, Like and Share with us!

Twitter: @remax_REC

Facebook: RemaxREcentre

Google +: +RemaxREC

Pinterest:  remaxREC

LinkedIN Group:  RE/MAX Real Estate Centre Inc., Brokerage