You've been saving for a down payment, planning to buy your first home, and now it's time to pick a real estate agent. As a homebuyer, you want to pick a fair and honest agent and protect your financial interests. Buying a home is likely one of the largest investments you'll make, and it's important to choose a real estate agent whom you can trust to get the job done right, with your best interests in mind.
When choosing a real estate agent, here are 10 questions that you should ask them before you sign on the dotted line.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Homebuyers Should Ask Their Agents
- How long have you been in real
Looking to buy a new home? Buying a home is a big financial commitment. Potential homebuyers must understand what's involved with getting a mortgage. For example, there are different rates, amortization periods, and potential penalties to consider. Discussing options with a mortgage broker or bank is a good starting point. Which one is the best? Well, it all depends. Here's a brief overview of the different types of mortgages and how they differ from each other.
Buying or selling a home is a big investment, financially and emotionally. While For Sale By Owner (FSBO) may seem cheaper, there are many benefits to hiring a real estate agent that you miss out on when managing the sale on your own. Overall, real estate agents aid in the reduction of stress throughout the whole process. Hiring a real estate agent also gives you the advantage of selling your home competently and professionally.
The debt-to-income (DTI) ratio is not the only number that lenders use to decide on a candidate, but it is an important tool that can augment the buyer's credit score. Unfortunately, even those with impeccable credit may still miss out on their dream home if their debt levels are too high. Find out more about how to calculate the ratio and what it takes to make it a little more palatable to lenders.
Canadian homes may be built in all different architectural styles. Mahogany home buyers seeking a home that matches their personality should be aware of all these styles. Knowing which kinds of homes are out there and available can help you decide which type of home is right for your personality. Once you know the types you like, you can focus on those homes in neighbourhoods where you would like to make a home purchase.
When purchasing a new Auburn Bay home, buyers have a lot of things they need to keep in mind - one of which is their finances. Interest rates can vary wildly depending on choices the buyer makes, and those interest rates can add a lot of extra costs to what they’re already paying. Before settling on the type of loan a buyer wants, they need to understand interest and what affects it.
A real estate investment doesn't just mean buying a residential property and then renting it out. Those who want to enter this market should know that they have plenty of options available, and most of them don't include being a full-time landlord. Regardless of how much spare money or time a person has, it's likely they can find a real estate investment that works for them. Learn more about what it takes to jump in the game.
Did you know that there are a million registered vehicles on the streets of Calgary? That's a crazy number of cars, trucks, SUVs and mini-vans on the road, and of course, all one million of these vehicles need parking spots. We love to drive but hate looking for parking. If you're shopping for a condo and have one or more cars, adequate parking is just as important as the number of bathrooms. Here's what you might expect when considering a purchase in a multi-family development or condo tower:
Millennials are different from other consumers. Their behaviors and priorities are different from Gen Xers, Boomers, and all who came before them. If you're a Millennial, you might be curious to know that there are many myths and rumors around the Millennial home buying process and habits. Knowing the reality of Millennial home buyers can help you decide whether you're ready to enter the real estate market.
Buying an empty plot of land is very different from buying an existing home. The mortgage process is different, and of course, choosing the property can be different as well. When buying a plot of land, it's helpful to know in advance what you're looking for, and what your priorities are. Doing extensive research and working with an experienced real estate agent can help. Here's what you need to know.