Buying a home can be tricky at the best of times. It is often even harder in a seller's market. A seller's market means that there are more buyers than available homes. Seller's markets usually lead to higher sale prices and can even prompt bidding wars among competitive buyers. Still, buyers have a chance to make it through with a fair deal. Here's a few tips to help people rise above the competition as they prepare to buy a home.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Get Finances in Order
When sellers start to consider purchase offers, they are often looking for the most qualified buyers. People who have gone through the process of
…
When a couple is getting ready to buy and move to a smaller home, it can be hard to decide what stuff to keep and what to give away. This guide can help people identify a few types of clutter that they can part with without feeling regret:
Home buying is an involved and often complex task, and hiring a real estate agent to lead the effort can provide buyers with peace of mind and the home of their dreams. Indeed, most agents charge a six percent or higher fee on the sale price, but their invaluable services make that expense seem rather small in the long haul for a number of reasons.
Some potential home buyers may only be concerned about how much their mortgage payments will be, without realizing some of the additional fees and payments that may be serve to inflate their monthly payments. Those who are looking to be approved for a home mortgage loan should be aware of LMI, and how a fraction of the monthly payment made include this recurring expense.
New construction homes are the ultimate blank slates for homeowners and their families, but they're also a brave new world for buyers who are used to traditional home sales. Not only are the expectations different when it comes to new construction homes for sale but the negotiation strategy will need to be adjusted as well. Learn more about the timelines, contracts, and research a home buyer has to do to avoid making mistakes.
A second home or vacation retreat can be a wonderful idea as well as a smart financial decision. But the mortgage qualification guidelines can be more stringent than those for a primary residence. Here's what to know, some points to consider and things to think about before you begin the search for another property:
Real estate clauses will vary slightly for each sale, but there are certain ones that will pop up again and again. While many are obvious standards to protect buyers from purchasing a proverbial money pit, the specifics of each clause are not always universally understood by all buyers. See how the common stipulations work, so the negotiation process can go smoothly from start to finish.
Oftentimes the first time homeowners review the intricate complexities of their house warranty coverage is when they discover a major problem, despite having the policy since they purchased the home. Unfortunately, because this happens more often than most people understand, it is imperative for homeowners to review their coverage fully. Are home warranties worth it? Warranties not only vary by the company issuing them but also by the province they're issued in. To avoid unnecessary confusion, find out more about how they work so there are fewer unpleasant surprises down the line.
Life in Edmonton offers residents a wide array of things to do, places to go, natural beauty and almost unlimited opportunity for shopping, dining, culture and entertainment. As Canada's sixth largest metropolitan area, it is thoroughly modern and known internationally for its festivals, its living history museum and the West Edmonton Mall, which held the distinction of being the world's largest for more than 20 years. It is still the largest in North America.