Home buying is an important personal decision and a big financial investment. You want to find the home that's right for you. There are a number of things you can do to make the buying process enjoyable and successful.
Work with a REALTOR
Some people think that if they have several agents looking for homes on their behalf, they'll find a house more quickly. Like most relationships, the buyer-agent relationship thrives on communication, loyalty and trust. By working exclusively with one agent, you'll improve both the process and the results.
Do your home ‘wants’ research.
Know what you want, what's available and how the buying process works before you start thinking seriously about signing a contract. Browse through newspapers, magazines and consult with family, friends, co-workers and your REALTOR.
Pre-arrange your mortgage
If you plan to borrow funds to finance your home purchase, talk to your lender about mortgages early in the process. Knowing in advance how much you can spend comfortably and getting pre-approval for a mortgage means you can proceed from "just looking" to a signed contract with confidence. Work with your REALTOR and lender.
Check the home carefully
Understand the total cost of buying
Get detailed prices and estimates on everything involved in buying a home. Your builder and lender can advise you on the costs of securing a mortgage, taxes and so on. Ask your lawyer to give you a detailed breakdown of closing costs, including land transfer taxes where applicable.
Quality, solidity, good products, service-these are the things that add up to real value for the long term. Your objective is to find the home that provides the best overall value within your budget.
When you find what you want, say "Yes!"
Take all the time you need, but don't hesitate to commit yourself, once you have found the right home. Make it yours as soon as possible. You'll be glad you did.