Home buyers may look at many attributes in a home before putting in a bid. Common things they look at include upgrades in the kitchen or bathroom, number of bedrooms, presence of smart technology, useable yard space, and green features. One thing that's sometimes overlooked is commute time—but overlooking this is a big mistake.
Many new homeowners are shocked to learn how long it takes to commute because of high traffic volumes or lack of proximity to major roadways. Commute times matter. Here are four questions to consider before making a seller an offer.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
How Long Will the Commute Take?
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For a first-time home buyer, the Canadian mortgage process can be daunting. You may have heard terms such a pre-qualify, pre-approve and condition of finance. You may wonder how these apply to you and your home purchase. However, if you break the mortgage process down into its steps, it becomes more understandable and less intimidating.
When it comes to buying a West Edmonton home, hopeful owners are often asked to step outside their comfort zone. Maybe they're forced to look in different neighborhoods than they would have originally considered or to settle for a home with a smaller kitchen than they wanted. Beyond these compromises though, there are also complications that will affect the buyer's finances. Learn more about the debt-to-income (DTI) ratio and how lenders use it to decide on potential candidates.
Many people buying their first Northwest Edmonton home have a focus on affordability, easy maintenance and room for growth. Knowing what home styles meet these criteria can help you decide what kind of home to buy. If you're a first time home buyer, here's what you need to know.
Buying land is different than buying a home. Buyers of land may not need to build on it or rent it out in order to make a profit. Ideally, they just need to hold onto it until they can sell it to a well-funded investor. But there's more to buying raw land than just sitting on the property. Here are a few tips before jumping into a new land venture.
As home buyers, Millennials have earned a reputation for being different from the other generations. They approach home buying differently and seem to have slightly different priorities. These differences have lead to quite a few myths in the real estate industry. Understanding these myths can help you understand the future of real estate.
Renters may think that they are finally in the position to buy their first home, looking forward to enjoying many benefits with their first home, including the ability to establish equity and make upgrades to a property to better meet specific needs. Families often appreciate the ability to have pets, entertain in their backyard and spend quality time as they see fit in and around their property.
For a while, it may have seemed as though the construction industry was one that didn't react to the new trends of the day. Modern or green technology may have been used by a few select companies, but most seemed to rely on the tried and true methods that had served them so well for so long.
Buying a new home is one of the most complicated purchases consumers may make in their entire lifetimes. It is complicated by the fact that it happens relatively rarely over the course of time, and homebuyers develop little skill in the aspects involved.
First-time home buyers are sometimes surprised by the additional costs that are involved in purchasing real estate. The actual amount of upfront and settlement charges seems to mount steadily, and the total can add up to between two and four percent of the home's purchase price, in addition to required down payment. Some charges and fees are unavoidable, even if the buyer pays cash.