Whether you are looking to buy a home or are a realtor looking to sell one, there are always certain things you can learn. As a buyer you will want to get the best deal out there, and there are certain things you will want to see that the realtor has done before you give the all ultimate yes to investing in a new home. As the cliché goes, real estate is all about location, location, and location, but there is more to it too.
- Learn, learn and then learn some more.
The first thing that you need to learn is this – there is no end to learning. Once you have a home in mind, tap out all the information regarding it possible. From sources, such as people who stay or stayed in the neighbourhood to websites about a certain area, learning will benefit you and lead you to a position of power from where you can negotiate better.
- Pros and cons list.
As a potential buyer, you can just make a pros and cons list of homes that you have been to and rate them as desired. This will help you narrow down if you have seen too many homes and find it difficult to make a choice.
- Tell-tale signs.
Look around the neighbourhood for signs if this is the sort of place you want to stay. If there are many ‘for-sale’ signs, then it might not be a good time to shift in that neighbourhood. On the other hand, if there are upcoming schools and you like the vibe of the community, then it might be a good time to move in.
- Small things matter.
The little things do make a difference. As a home buyer, you will want to see if the lawns are trimmed nicely, if paints are coming off the wall. A thorough inspection is always recommended.
- Season sales.
With the changes of seasons in Calgary, the realtors are going the extra step to ensure the home they are selling is optimal to the seasonal changes. Throw unfurled rugs during the winter, fresh cut flowers in spring – as stated before – small things do make a difference.
- One investment at a time.
Buying a home is a big commitment and a very big investment. To maintain a good credit score, you will want to lay off making other big purchases at this particular time.
- Know the price.
Once you have researched about the neighbourhood, you will probably have a good idea of how much the house will cost. That being said, do negotiate and try to get a good deal, but don’t let a good deal get away from you because you are trying to get it for a cheaper price. Quality will always come at a price.
- Invest in inspections.
You would definitely not want to compromise on inspections. Investing in inspections will pay off in the long run. Also, any flaw of your future home will be brought up front for you and will be repaired or negotiated with you.
- Know your limits—and stick to them.
It is extremely important to know your current financial standings and how much you can invest without being plunged into debt. Have all your paper work and bank statements organized and be sure of how much you are willing to invest and don’t budge away from that limit.
- Who are you investing with?
If you are buying your home along with a partner or a family member, it is crucial to know their credit history, as this could have significant implications if they don’t have a healthy credit score or as high a credit score as you do.
With that being said, and with this list being read by you, you are now better prepared to face the real estate scene in Calgary.