Your AgentA successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.
Lender (Appraiser)A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.
LawyerYour home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.
Home InspectorNo home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.
ContractorPlanning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.
1. Find the right representativeEven if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise. Speak to your agent first and he or she can be helping to guide you right from the start.
2. Find out what your price range isOnline mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).
3. Find out what your local market looks likeThe internet can be incredibly valuable in doing preparatory research. Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).
4. Find out what your true needs and wants areCompose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.
5. Find your dream home!Once you’re ready to act, you may be surprised by how quickly you can make a decision. Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer.
With the right team behind you, it really can be that easy!
Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.
Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending Nov. 1.
Following are real estate transactions over $5,000 as listed in records of the Niagara County clerk’s office for the week ending Oct. 25.
TORONTO, Dec. 6, 2013 /CNW/ - Brookfield Real Estate Services Inc. (the "Company") (TSX - BRE) announced today that it has approved the acquisition from Brookfield Real Estate Services Manager Limited ("the Manager") of franchise agreements representing 20 real estate offices and 493 REALTORS®1 operating under the Royal LePage brand across Canada and the Via Capitale brand in the province of ...
Very few of the worldâs commercial real estate markets have undergone such a dramatic and rapid change in such a short span of time as Indiaâs has
BEIJING, Dec. 6, 2013 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (XIN), a residential real estate developer with a focus on high growth cities in China, today announced the closing of its offering of US$200 million in aggregate principal amount of 13% senior notes due 2019 (the "Notes"). The Notes are guaranteed by certain of Xinyuan's subsidiaries and secured by ...
MINOT, N.D. -- Investors Real Estate Trust announced today that its Board of Trustees has declared a regular quarterly distribution of $0.1300 per share/unit payable on January 15, 2014 to common shareholders ...
Laura Pomerantz Real Estate, LLC, a global real estate firm providing customized retail, office and investment real estate strategies that enhance brand equity, today announced tha
Transaction volumes within the UK real estate industry grew in H1 2013 versus the same period in 2012, but were unable to maintain the levels witnessed in H2 2012, according to data from Real Capital.......
The following real estate transactions were filed in Jefferson County: Gregory and Susan Hanchin to Harold Main, part outlot 36, Wilson & Helmick Addition. Anna DeMarco (deceased) to Freda DeMarco, metes, Springfield Townshi.
Singapore real estate is in danger of losing some of its shine, as the market had slipped four places in 2014, down from third place this year.