A ‘Don’t’ List for Prospective Homebuyers
1 view
Skip to first unread message
Joe Crawford
Jun 30, 2008, 8:58:45 AM6/30/08
to Kitchener/Waterloo Real Estate
A ‘Don’t’ List for Prospective Homebuyers
There’s a lot to consider when buying a home, and especially in
today’s changing market conditions. As your local Coldwell Banker®
sales professional will tell you, many markets across Canada are
beginning to moderate and become more favourable to buyers. So while
you’re considering a possible home purchase, here’s a Homebuyer
“Don’t” list that may help you avoid some common mistakes:
The “DON’T” List for Prospective Homebuyers:
DON’T fall in love with the first house or neighbourhood you see. That
grand colonial with the picturesque view may win your heart at first
glance, but you need to keep an open mind to make sure you find the
right fit for all your needs. At the end of your search, it may turn
out that the riverfront ranch that’s closer for your commute is a
better bet all-around.
DON’T buy beyond what you can afford. It’s easy to fall into that all-
you-can-eat attitude, especially when it comes to your first home
purchase. You "want it all" when it comes to size, amenities,
location, etc. But remember that your eyes may have a larger appetite
than your wallet. Make sure the down payment, closing costs, monthly
expenses and taxes are truly within your income and savings range
before you sign an offer.
DON’T treat your home the way you treat your stock portfolio. It’s
unrealistic and unwise to expect your housing investment to appreciate
as quickly as you’d hope for your high-risk bonds. Buying for
lifestyle, and remembering that real estate is a great long-term
investment, will help you look at home purchasing and ownership in the
right context.
DON’T jump into a confusing mortgage. Be sure to read carefully
through every aspect of the proposed agreements to fully understand
your end of the bargain. For instance, an attractive rate now may be
difficult to carry if rates change during the term of your mortgage.
Arm yourself with information and don’t be afraid to ask questions.
DON’T underestimate the value of your local Coldwell Banker real
estate professional. While being a savvy buyer and doing your homework
will help on the road to homeownership, a local expert with years of
negotiating experience is invaluable when it comes to scouting out the
perfect home – and closing the deal.
If you’d like to know more about our Homebuyer “Do” and “Don’t” lists,
or if you have any questions about the market or the home buying
process, then just pick up the phone and contact your local Coldwell
Banker real estate professional. It might just be the best call
you’ll ever make!
When You're Buying or Selling Real Estate... It's time to CALL JOE!
Joe Crawford
Real Estate Sales Representative
Coldwell Banker Peter Benninger Realty, Brokerage
(519)742-5800 x 2117
www.kitchener-waterloo-homes.com
There’s a lot to consider when buying a home, and especially in
today’s changing market conditions. As your local Coldwell Banker®
sales professional will tell you, many markets across Canada are
beginning to moderate and become more favourable to buyers. So while
you’re considering a possible home purchase, here’s a Homebuyer
“Don’t” list that may help you avoid some common mistakes:
The “DON’T” List for Prospective Homebuyers:
DON’T fall in love with the first house or neighbourhood you see. That
grand colonial with the picturesque view may win your heart at first
glance, but you need to keep an open mind to make sure you find the
right fit for all your needs. At the end of your search, it may turn
out that the riverfront ranch that’s closer for your commute is a
better bet all-around.
DON’T buy beyond what you can afford. It’s easy to fall into that all-
you-can-eat attitude, especially when it comes to your first home
purchase. You "want it all" when it comes to size, amenities,
location, etc. But remember that your eyes may have a larger appetite
than your wallet. Make sure the down payment, closing costs, monthly
expenses and taxes are truly within your income and savings range
before you sign an offer.
DON’T treat your home the way you treat your stock portfolio. It’s
unrealistic and unwise to expect your housing investment to appreciate
as quickly as you’d hope for your high-risk bonds. Buying for
lifestyle, and remembering that real estate is a great long-term
investment, will help you look at home purchasing and ownership in the
right context.
DON’T jump into a confusing mortgage. Be sure to read carefully
through every aspect of the proposed agreements to fully understand
your end of the bargain. For instance, an attractive rate now may be
difficult to carry if rates change during the term of your mortgage.
Arm yourself with information and don’t be afraid to ask questions.
DON’T underestimate the value of your local Coldwell Banker real
estate professional. While being a savvy buyer and doing your homework
will help on the road to homeownership, a local expert with years of
negotiating experience is invaluable when it comes to scouting out the
perfect home – and closing the deal.
If you’d like to know more about our Homebuyer “Do” and “Don’t” lists,
or if you have any questions about the market or the home buying
process, then just pick up the phone and contact your local Coldwell
Banker real estate professional. It might just be the best call
you’ll ever make!
When You're Buying or Selling Real Estate... It's time to CALL JOE!
Joe Crawford
Real Estate Sales Representative
Coldwell Banker Peter Benninger Realty, Brokerage
(519)742-5800 x 2117
www.kitchener-waterloo-homes.com
Reply all
Reply to author
Forward
0 new messages