Purchasing a new house is one of the biggest investments that one makes. It isn’t just an investment of money, but also of time and a lot of effort. Most people end up staying in a house for a minimum of five years, or in some cases for decades and it’s essential to make the right purchase choice. It is important to look for a house that suits your lifestyle, family and even your budget. Take a look at how you can make the most of your home buying experience.

Buying a Home

Be Patient

Buyers need to be ready to move quickly when they find the house they like. However, it’s far much more important for the buyer to be patient. Agents help you avoid major pitfalls. Real estate professionals state that if you are prepared and know exactly what to expect (even though it is a stressful and intimidating process), you will have no problem in finding the house you like.

Hire an Agent

Hiring an agent to help in the buying process can prove to be extremely helpful. The agent will ensure that there are no problems with the property. These experts are skilled in negotiating house pricing, which helps you get a better deal. Once you get your pre-approval, look for an agent with local knowledge and one you can trust as well.

Location Matters

The location of the house matters a great deal. Some of the aspects to take into account include, proximity to schools and parks, entertainment opportunities, shopping areas etc. Aside from this, it’s important to make sure that the neighbourhood is safe, well-connected, well-maintained, and suits your lifestyle.

Be Aware Of All Costs Involved

Purchasing a house isn’t cheap and you end up paying for insurance, pre-paid taxes, home inspection, title closing fee and mortgage costs to the lender. This is where an experienced realtor comes in handy as buyers don’t always expect the inspection costs, non-homestead taxes or association fees. Many unanticipated problems may surface at the last minute after an inspection which can end up costing you a considerable amount of money.

Selling Your Home

Here are some tips on how you can make the most of your home selling experience.

Set a Timeline

Homeowners should set a timeline while selling their house. A lot of people try to sync the sale of their house with a relocation or the purchase of another property. A well-maintained and updated house won’t take long to get sold.

Hire an Experienced Agent

Consider hiring an agent who has the knowledge and experience to sell your house quickly and also make the process as smooth as possible. A local agent familiar with the neighbourhood, has deep knowledge about buying trends. They will conduct a market analysis, survey your house and provide professional photography services as well. These are the types of agents you should be working with.

Know How Much Expense Is Involved

Real estate commission, owners title insurance, transfer tax, current mortgage balance etc. are the different costs associated with a home sale. After an inspection of your house, you may have to spend some money on repairs or give some concessions to the buyer.

Have the Right Home Features

Updated kitchens and bathrooms are what the modern buyers desire. However, they also want the house to be practical and function without any problems. Every home buyer will have very specific requirements while buying a home. Most will look for things like large yards, proximity to schools, extra garage space, well-maintained sidewalks etc. While every property won’t have all these aspects in place, it needs to have at least most of these desired features.

Home Improvement Updates and Fixes

Carrying out small and simple fixes will ensure your house will sell quickly. It’s important to create a good impression on buyers by making sure that your house is spruced up and well-maintained. It is a good idea to get your home staged by a professional. The real estate market is very competitive and you have only one chance to make an impression on buyers.

Whether you’re buying or selling a home, one of the best ways to get a great deal is to hire a skilled real estate team like us, the Team Ramahi Real Estate Group! Contact us today to get started on buying or selling in Edmonton.

How To Make the Most of Your Home Buying, Selling Experience