Find your home with our PROVEN SYSTEM,TO RECEIVE YOUR FREE MARKET SNAPSHOT REPORT FOR THE NEIGHBOURHOOD OF YOUR CHOICE SIMPLY FILL OUT THE QUESTIONNAIRE
Eight steps to buying your home Vancouver Real Estate, Homes For Sale...Receive Your Free Market Snapshot Report1. Decide to buy. Although there are many good reasons for you to buy a home, wealth building ranks among the top of the list. We call home ownership the best “accidental investment” most people ever make. But, we believe when it is done right, home ownership becomes an “intentional investment” that lays the foundation for a life of financial security and personal choice. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits stand out. Base your decision to buy on facts, not fears.
2. Hire your agent. The typical real estate transaction involves at least two dozen separate individuals – insurance assessors, mortgage brokers and underwriters, inspectors, appraisers, escrow officers, buyer’s agents, seller’s agents, bankers, title researchers, and a number of other individuals whose actions and decisions have to be orchestrated in order to perform in harmony and get a home sale closed. It is the responsibility of your real estate agent to expertly coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout. Seven main roles of your real estate agent
A Buyer’s Real Estate Agent:
Eight important questions to ask your agent Qualifications are important. However, finding a solid, professional agent means getting beyond the resume, and into what makes an agent effective. Use the following questions as your starting point in hiring your licensed, professional real estate agent:
3. Secure financing. While you may find the thought of home ownership thrilling, the thought of taking on a mortgage may be downright chilling. Many first-time buyers start out confused about the process or nervous about making such a large financial commitment. From start to finish, you will follow a six-step, easy-to-understand process to securing the financing for your first home.
Six steps to Financing a Home
4. Find your home. You may think that shopping for homes starts with jumping in the car and driving all over town. And it’s true that hopping in the car to go look is probably the most exciting part of the home-buying process. However, driving around is fun for only so long – if weeks go by without finding what you’re looking for, the fun can fade pretty fast. That’s why we say that looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms. Questions to ask yourself
5. Make an offer. When searching for your dream home, you were just that – a dreamer. Now that you’re writing an offer, you need to be a businessperson. You need to approach this process with a cool head and a realistic perspective o your market. The three basic components of an offer are price, terms, and contingencies (or “conditions” in Canada). Price – the right price to offer must fairly reflect the true market value o fthe home you want to buy. Your agent’s market research will guide this decision. Terms – the other financial and timing factors that will be included in the offer. Terms fall under six basic categories in a real estate offer:
6. Perform due diligence. Unlike most major purchases, once you buy a home, you can’t return it if something breaks or doesn’t quite work like it’s supposed to. That’s why home owner’s insurance and property inspections are so important. A home owner’s insurance policy protects you in two ways:
The property inspection show expose the secret issues a home might hide so you know exactly what you’re getting into before you sign your closing papers.
7. Close. The final stage of the home buying process is the lender’s confirmation of the home’s value and legal statue, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. Your agent will keep you posted on how each if progressing, but your work is pretty much done. You just have a few preclosing responsibilities:
On closing day, with the guidance of a settlement agent and your agent, you’ll sign documents that do the following:
As long as you have clear expectations and follow directions, closing should be a momentous conclusion to your home-searching process and commencement of your home-owning experience. 8. Protect your investment. Throughout the course of your home-buying experience, you’ve probably spent a lot of time with your real estate agent and you’ve gotten to know each other fairly well. There’s no reason to throw all that trust and rapport out the window just because the deal has closed. In fact, your agent wants you to keep in touch. Even after you close on your house, you agent can still help you:
Attention to you home’s maintenance needs is essential to protecting the long-term value of your investment. Home maintenance falls into two categories:
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North Vancouver Real Estate, Homes For Sale...Receive Your Free Market Snapshot Report... What are home values in your neighbourhood? What’s happening to home values in your neighbourhood? What have your neighbour’s homes sold for lately?
TO RECEIVE YOUR FREE MARKET SNAPSHOT REPORT FOR THE NEIGHBOURHOOD OF YOUR CHOICE SIMPLY FILL OUT THE QUESTIONAIRE I am sure you will find the Market Snapshot to be of value. I have had tremendous response to this service so far! Who doesn’t want to know how much
the neighbor is asking, or how much their house sold for? Despite what the headlines may say, the values and level of activity are very different when you talk about specific areas of interest. The city as a whole may be identified on the evening news in such a way that is not necessarily true for your immediate neighborhood! You may have noticed that the homes in the market Snapshot have some similarities to yours and some may not compare much at all? Just like the Dow Jones stock market snapshot as an example which is made up of a number of stocks from various sectors, the temperature of the market as a whole is displayed through a consolidation of the various companies. This is the same for the Snapshot I have provided to you. Trend data from a consolidation of surrounding homes formulates the report. It is interesting to know what homes of various styles, shapes and sizes are selling for and how long they take to sell compared to others? If there is anything you need beyond what is found in the Market Snapshot, please do not hesitate to reach out! If anyone you know would also like to receive a Market Snapshot, just forward my signature at the bottom of this email and they can sign themselves up or pass on their information and I would be happy to set them up as well. Thank you for your continued support and referrals! One of the aspects of the Market Snapshot I would like to point out is the Community and School information. This comes on both the home owner and buyer Snapshots but is most beneficial for buyers looking in areas of interest! The community information allows you to see amenities from a 1-5 mile radius via a drop down list. The community characteristics offered are; population, household stats, house ownership stats, transportation, income, employment, net worth, cost of living and climate! The school information allows you to compare schools from a radius between 1-10 miles, both public and private! If there is an area of interest to you locally in addition to your current home that you would like a Snapshot for, please let me know as I can provide multiple Snapshots to you. Traditionally, Realtors have been great suppliers of recipes and notepads but in today’s shifting economic climate, the information found in the Market Snapshot is more relevant to what I do and what I can provide to you of real value! As mentioned before, please feel free to forward my email signature found at the bottom to anyone you think might also want an update on local real estate trends and they will be directed to sign up – likewise, I am happy to set them up as well. |
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Copyright © 2000-2009 Keller Williams ® Realty. - a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. |
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*Keller Williams Realty received the highest numerical score among full service real estate firms for home buyers in the proprietary J.D. Power and Associates 2008-2009 Home Buyer/Seller StudySM. 2009 Study based on 3,138 total evaluations measuring 7 firms and measures opinions of individuals who bought a home between March 2008 and April 2009. Proprietary study results are based on experiences and perceptions of consumers surveyed April-June 2009. Your experiences may vary. Visit jdpower.com |
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Super detailed post. One of the better ones I've seen. Nice job and thanks for sharing!