5 Tips for Beginning Your Home Search
Starting a search for a new home is exciting, but it can also be overwhelming — particularly if you have no idea where to begin. Here are a few things you need to do to make sure your home search goes as smoothly as possible.
1. Distinguish Between What You Need and What You Want
There will be some amenities you need, such as a certain number of bedrooms, adequate parking, and perhaps even a spacious kitchen. However, other features may be things you’d like to have but are not crucial. Make sure you differentiate between the two categories to avoid ruling out homes that could be perfect for you.
2. Pick a Neighborhood
The neighborhood is just as important as the property itself. Research key facts about the neighborhoods in the area where you’re looking for a home, including how long it would take you to commute to work, whether there are good schools around, and what there is to do nearby. It’s worth spending a day in each neighborhood you’re considering to see how you feel about living there.
3. Choose a Home Style
Another way to narrow down your options is to choose a style of home that’s suitable for your family. Base this both on what kinds of homes are available in the neighborhood and what you need from the property.
4. Receive Pre-Approval for a Mortgage
Before you begin touring any properties, receive pre-approval for a mortgage. This will show you how much you can afford and avoid wasting your time on properties out of your budget. Plus, you’ll be able to make an offer as soon as you find a home you’d like to buy: the homeowners will see that you’re serious and will be more likely to accept your offer, especially if you’re competing with a buyer who lacks pre-approval.
5. Keep Track of Properties You Visit
It’s easier than you think to forget the specifics of properties, especially if you’re visiting many. Create a document where you store all the information about each property, including your favorite features, what you disliked, the location, and some photos.
Purchasing a home is much more affordable with good mortgage rates. Edmonton homebuyers, though, can receive even more than the best rates when they request pre-approval from Flare Mortgage Group. We’ll make sure you find a mortgage plan that fits your lifestyle. Start the process online to receive pre-approval in less than 24 hours.