Niagara Real Estate Blog

5 things every first time home buyer should know

Posted by Terence Davids on Apr 13, 2017 2:00:00 PM
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Doing anything for the first time can be exciting and scary, and buying a home for the first time is no different. You can rest assured, however, that Team Davids is here to help you on the road to being a home owner. Don't let your inexperience in the world of real estate hold you back from finding your perfect home.

We compiled the top 5 tips we've given to first time home buyers to get them ready to make their way into their new home.

1. Know exactly what you want

Start the process off right by creating your "shopping list". Know what you're looking for so you can identify it, and you don't potentially lose out a home you were seriously considering because you couldn't decide on what you wanted.

First time property buyers should know the size of the home you're looking for, what kind of deal breakers you have, and what kind of area you'll want to live in. If you make sure that these things are settled before you start your search, you'll make the whole process much smoother.

2. Research the area

If you're a first time home buyer moving into a new area, make sure you know what you're moving into. Take a look at nearby schools - even if you don't have children yourself, because the better the school district, the higher your property value will be - as well as building plans for the neighbourhood.

If you're looking for a quiet neighbourhood, you won't want to be living next to a construction site the first year you move into your home. Knowing this information will help you make decisions on where to look and what you're looking for.

3. Don't make an emotional purchase

It might go without saying, but make sure that the purchase you make is a good purchase. Loving the home you live in is very important, but so is making good financial decisions.

Don't find yourself in a position where you pay more for your home than you should, either in the initial purchase or over a long period of time in home repair or renovation costs, all because you made a decisions with your heart and not your head.

4. Be ready to commit to your home

Once you find your home, don't take any second looks. If the home seems wonderful to you it probably seems wonderful to other buyers who see the home. If you wait too long to put in an offer, you run the risk of losing the home to someone else.

Do your research and make sure the home is for you, but don't waver when you find something you know you want. The same rule applies once you actually have the home - focus your energy on making the space your own, not looking ahead to the next home.

5. Trust your real estate agent

Find a good Niagara realtor and trust that they have your best interests in mind. There are trends of people going into buying a home without hiring a real estate agent, but it's always a risk. Don't let this process be even more stressful than it already is by going into it completely alone. Have someone guiding you so that you know what you're doing.

Our team has the expertise to guide you through the process. With us in your corner, you'll find the perfect home for you, and we'll do everything we can to make the home buying process go as smoothly as possible.

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Topics: First Time Home Buyer

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