Tue, 20 Jun
Our world is changing. And everyone knows that what was once a typical house hunting experience is no more. Construction trends have changed. Interest rates have held at an affordable low for some time. Information is just a click away. And lifestyle options have broadened. If you are of the millennial generation, there are some things to consider that may put that first home within a much easier reach.
Getting Your Foot in The Door
Even if you face student loans and very little savings, you may find a mortgage payment more affordable than renting. And with first-time home buyer incentives, such as 5% down, the keys to your new home may be closer than you think.
Never Fly Solo
In this day and age, if a home is on the market, you can find it online. With such easy access to property information, you may think that you know all you need to know to make that offer. Don’t be so quick to go it alone. With inside knowledge of the market and a strong understanding of contracts and pitfalls, real estate agents know what to do when a potential issue pops up. They are also a good counter-balance to the highly emotional decisions often encountered when buying a home.
It is easy to feel pressured when the market is hot or when you are buried under information overload, but you will thank yourself for taking the time to research your options. Don’t hesitate to view a few properties to get a feel of things. You may be surprised at how “must haves” become less or more important when you see them in reality. Use your Realtor to discuss your impressions. At the end of the day, you’ll have a home you are happy with and will have likely avoided the dreaded buyer’s remorse.
Ultimately, remember that this is your house hunt. It is a personalized experience. A professional realtor can help you nail down the details and make this all about your dreams. Why not speak with one today?
Wed, 12 Apr
Why use a Realtor, you may ask. After all, you know your property the best; you are internet savvy; paperwork has never scared you off. Well, you may want to look a little closer at what a Realtor can provide you.
As a Seller, you need to be aware of what expectations you are creating with your words or shared information. Clearly stated facts can get lost in stressed-upon details, and you could be held liable for a promise you didn’t know you made. Is your water really the best? Do you have tests to back up that promise? That is just one example of a message you may be giving.
You will also face bearing all the time commitments of showing the home. This can be emotionally trying, as people tend to pick apart a house – even in front of the owner. And as you are emotionally engaged, you may not negotiate as objectively as needed, resulting in a lower price for your home.
One can’t forget the paperwork. There is a lot of it. And with paperwork comes details that can get overlooked. Are you clear on Fixtures versus Chattels? Have you identified every item included or excluded? This simple oversight could result in a small claims filing against you.
From a Buyer’s perspective, you need to be aware that a private seller is not obligated by professional standards to clearly disclose details about the property. Misrepresentation is only a few well chosen words away from the truth. Mosquito infested swamp may be prettily dressed up as wetlands. There are legal implications behind misrepresentation that a Realtor can steer you away from.
Yes, there are costs involved for sellers engaging a professional Realtor. But whether buying or selling, a Realtor will look out for your interests, provide professional guidance, and ensure that you are neither selling nor buying ocean-front property in Alberta.
Mon, 06 Feb
Welcome to my new blog! I look forward to sharing new and exciting updates about the Real Estate Market and what is happening around town! Stay tuned for new posts coming soon!