Buying a home

Real estate markets are always fluctuating!

If you buy a home that suits your needs today that will work for you and your family for a few years then your investment will have time to grow while in the meantime you enjoyed owning the roof over your head and market changes shouldn`t affect you.

Is it the right time to buy?

As your realtor I will look out for your best interests by giving you the facts so that you can make informed choices.   Only you will know when you`re ready for the financial responsibility which could involve making some sacrifices.  Owning a home is also about constant maintenance to protect and preserve your investment.

What do you want to buy?

Where do you want to live?  Is the first question?  Location can be a huge determining factor in what you`re comfortable in buying.  For example living urban as opposed to suburban.  Urban living can provide shops & services within walking distance and an easy commute to work but quite often you will ay more for this lifestyle.  Living suburban may dictate a different style of home with the convenience of newer recreation centres, schools and a larger variety of shops.  Having you choose the right location is the first step to your home buying experience.  If you`re not sure we will explore all of your options by viewing homes in different areas.  Rural living may be your long term plan but for now moving in to one of the smaller cities or towns in the area could be a good start and a way of buying more property for less money.

What type of home do you want to buy?

The market area or location you choose can greatly influence what type and style of home is available in your price range.  You can find single family detached homes in all areas but generally in an urban setting choices are limited and prices are higher.  When buying a home in the re-sale market know the quality of workmanship.  Did the previous owner pull permits and use qualified trades people using quality products?  Knowing what you are buying!  There is no such thing as perfect!  Getting what you paid for is why we depend on professionals like myself, home inspectors and lawyers. You will find most areas of the city have semi-detached homes where they share at least one common wall.  This type of home may appeal to you if you want to be in a mature neighborhood but want live in a newer home.  Townhouses can provide the living space of a detached home without the worry of maintenance and usually for much less money.  Great for families who require more bedrooms and room for the children to run and play.  Condominium can refer to apartment style living but beware that it can also apply to rural living.  Any scenario where you`re not responsible for the full maintenance of your property usually means that you can expect there to be a fee associated with the services provided.  In all cases there is documentation that explains the fees and how they are being used and what reserve fund is being set up for future maintenance.  Reviewing and approving these condo documents becomes one of the conditions of your purchase.  These documents contain the bylaws which are the rules for how you will live in the complex.  Anything from where your guests will park to what kind of pet is allowed.  You own 100% of your unit from finished flooring to painted ceiling and painted wall to painted wall but you will share all common areas.  Know how condo fees will be managed! Purchasing a new home?  Builders do have a commission structure that allows your realtor to represent you in your purchase.  The offer is written on the builders standard offer to purchase form and sometimes you can save money on legal fees by using their lawyer.  The lawyer you choose to use must be someone you trust entirely to represent your best interests.  If purchasing brand new home whether it be a single family detached home or any other make sure you carefully examine the property, review the blueprints and look at other homes the same builder has previously built.  Make sure you get the expert advice that you need to answer all of your questions from me your realtor or your lawyer before you sign.