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Other Topics:
FAQ.
Mortgage Info,
Glossary of Terms.
Other Selling Topics:
Selling Your Home,
Seller Info,
Costs,
Moving,
Code of Ethics.
Other Buying Topics:
Buying a Home,
Buyer Info,
Government Assistance,
Agency Law,
Inspection,
Land Transfer Tax,
Insurance.
Buying a Home
One of the biggest mistakes buyers make is to go into the market without a clear understanding of their needs, wants and financial capability. The first step should be one of self-analysis. Start with a wish list. Rank the features you want in order of priority. Consider things such as:
- Feelings about your current home
- Time you are willing to spend commuting
- Size of accommodation you really need
- Feelings about privacy and security
- Importance of schools, shopping and services
- Character of neighbourhoods and environment
- Preference for old vs contemporary vs new
- Type of ownership - eg. freehold vs condo
- There are a lot of choices to be made. You can save yourself time and effort by deciding on many of these issues and preferences before you start to look. But be prepared to revise your goals in light of market discoveries.
Make sure you do your homework first, before starting to look. Getting pre-approved for a mortgage at a guaranteed interest rate, select a lawyer who is prepared to help you review any offers you will be preparing, and most importantly find a Realtor who is a full-time professional and that you feel comfortable working with. As we will discuss in other sections of this portal; you must understand the relationship you have with your Realtor and more importantly the Realtor must understand your situation. Don't hold back information your Realtor can use to help you find the right home.
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