There is probably nothing as exciting as buying your first home, unless it is finally buying your dream home! No matter what your real estate level of expertise, buying a home is a major investment. But hopefully, your home buying experience will not be more expensive than it should be. If you make all the right moves when it comes to buying a Kamloops home of your own, you can avoid common mistakes that are made.
There are several buyer traps to try to avoid when purchasing a home. It is easy to get caught up in the moment or in a great sales pitch and end up finding yourself somewhere you don't want to be. But buying a home does not have to be scary! By having a plan before you start the process can save you in the long run. Here are the top three things you want to avoid:
- Paying too much for the home you want
- Losing your dream home to another buyer
- Buying the wrong home for your needs.
So what are some tips for avoiding these pitfalls?
Making an appropriate offer on the home of your dreams can be a tricky business. You want to get the most for your money, but you also don't want to overpay or lose the home to another buyer with a better offer. So how do you find the right balance? Know the market!! Your real estate agent can help. By knowing what the current market value of the home is, you can make a competitive offer. Do your "home" work; find out the most recent market trends BEFORE you start shopping for real estate.
One of the first questions a real estate agent may ask you is, "What are you looking for in a home?" It seems like a simple question, but the answer should have a lot of thought behind it. A home is normally a longer term investment. You need to think about where you may be 5 years down the road.
Are you planning to start a family? Are you going to be downsizing? Knowing how much home you need is one of the first questions you need to answer. Other things to consider are how many repairs or upgrades are too many and how far is your commute to work? A beautiful home that doesn't really meet your housing needs is not the right home for you! By setting your priorities in advance, you can avoid ending up buying the wrong house.
Have more questions about what buyer traps to avoid? Eric Putoto of Platinum Realty can help you with any questions about the current market and buying a home. You can find more great tips about buying a home in Kamloops and the surrounding areas online at the Platinum Realty website! When you are ready to start looking for your dream house, call Eric Putoto, with a focus on personal service, he can help you find the right home for your family!
Eric Putoto is ONLY Canadian Realtor and Brokerage owner to have been granted an exclusive License for the most advance home selling system ever developed: the "Maximum Value Home Selling & Buying Systems."
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