Home Buying Process

Moving can be very exciting but it can also be very stressful as there are so many things to remember to do! Don’t despair; whether you are doing it on your own, asking friends for some help, or hiring professionals, here is a quick guide to help you get through the buying process.

  1. Don’t “low-ball” your initial offer
    Vendors tend to give less of a counter offer (closer to list price), if they feel insulted. Understand the current market value of the home and comparable SOLDS.
  2. Get Pre-approved
    A pre-approved mortgage can be done for 60-90 days for FREE.
  3. Have your agent help you arrange a home inspection
    A home inspection with a professional home inspector costs about $400.00 (approx). It could very well be your best money spent. You want to exactly what you are buying.
  4. Arrange an accelerated Bi-weekly payment plan on your mortgage.
    On your mortgage, you will save the most money if you opt for an accelerated Bi-weekly payment plan, or if you double up one payment per year. This will shorten your amortization periods by over 6 years!
  5. Be sure to check into your lawyer’s fees ahead of time.
    These are separate from disbursements. Ask your agent, who will be able to refer you to reliable professionals.

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