What to consider when buying a resale home
The decision to buy a house is one of the biggest decisions you will ever make. Here are some key things to keep in mind:
Finding that perfect home to make your own can be a long process, so when you finally find the one, it can be very exciting. As purchasing a home is likely the biggest financial decision you will ever make, there are important questions you should be asking before signing those mortgage papers.
The first thing to be sure of is your budget. Talk to your Mortgage Broker and obtain a pre-approval. It can be very disappointing to put a lot of time and energy into your house hunt only to find that your dream home is more house than you can afford.
On the surface, many homes may look perfect, but there are many things that don't meet the eye during a property walk-through. Some sellers are now obtaining home inspections and providing potential buyers a copy. Regardless, having a qualified home inspector check the property beforehand is still a must. Don't be afraid to ask your real estate agent lots of questions about the property - they are there to help. Talking to the neighbours is also a good idea, as they will give you a realistic picture of the neighbourhoood you're planning to become a part of.