Have you decided that now is the time to buy a new home? If you are, then get yourself ready! As most savvy buyers know, there are a few things you’d be wise to do before you begin shopping for a new home. Getting organized before you start shopping will make the process a lot less frustrating and a tonne more fun! Here are 5 things to do before you start pounding the pavement.
Buying A New Home: 5 things to do before you start shopping
- Get your credit in order. Obtain a copy of your credit score and make sure it is right. If there are any mistakes, get them fixed!
- Decide what you can afford and get pre-approved for a mortgage. Make sure to have all the paperwork you might need (ie. pay stubs, account numbers and copies of bank or credit union statements) and understand all the options that are available to you. Click here for additional information to consider when shopping for a mortgage that is right for you.
- Calculate the costs of home-ownership. This list should include costs such as; property taxes, insurance, maintenance, utilities, and condo fees.
- Develop a property wish list – and rank the items on it. Click here for a list of items that you should remember to include on your wish list.
- Select the neighbourhoods that you might like to live in. Pick two or three and take into account things like; schools, recreational facilities, transportation and safety. Click here for some additional information regarding criteria for picking a neighbourhood that is perfect for your family.
Buying a new home should be a fun experience – getting yourself organized before you start shopping is a great way to keep it that way! If you have any questions or would like further information about the 5 tips posted here, please feel free to contact me directly.