Home Buying Secrets How to buy home in Gabriola

Secrets for buying home• Get pre-approval for your home loan• Avoid Border Disputes• Never Wait for the Best Time • Avoid Sleep Costs• Never only go with Bigger• Give a Physical check

Get pre-approval for your home loan

• Sometime we think that we will get approval for our home loan so why we should apply in advance. But on the time, we did not get the approval and we need to cancel deal. So to save your time and energy, make sure you get pre-approval for your loan and you have an idea that how much you can afford.

Avoid Border Disputes• Property which have disputes

can raises many problems for you. So I will suggest you to make a survey on the property you had decided to buy so you know exactly what you’re buying.

Never Wait for the Best Time • There are many misconceptions

something like that the market will go down then we will buy home or something else like this. I would like to say that don’t wait for the market’s best time. There are also the possibilities to raises the prices of property. Because real estate market is filled with uncertainties.

• Keep in mind that current time is the perfect time and the deal you will make this time will be the best real estate deal.

Avoid Sleep CostsThe difference between renting and home ownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and potential property-tax increases. Make sure you budget for sleeper costs so you’ll be covered and won’t risk losing your house.

Never only go with Bigger• Keep in mind that bigger is not always better. So I

would like to suggest you that never make a deal with bigger amount. Usually bigger things or houses just appeal bigger they don’t have the bigger quality.

• Someone say in the Real estate market that don’t buy the biggest because for this you cannot find the potential customers whenever you would like to sell it out. So Always go with small and reasonable prices and houses.

Give a Physical check• Would you like to buy a bike

without taking a test drive? I am sure, you will not. You would like to check each and everything about engine, mileage etc. Same in the case of purchasing a home, you should check it out physically. It is not possible that you can check by yourself so I would like to recommend you to hire a home inspector. It will be little bit costly but can save your 1000 of $$$. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. 

Need More ?

#1 – 575 North RoadGabriola, B.C.Canada V0R 1X3

Office: 250.247.9333Toll Free: 1.866.528.9333Office Fax: 1.250.247.2087

Have a Real Estate Question? Ask Carol Martin