Tips for first time home buyers

Buying a home can be tricky and confusing, whether you’re buying your first home or your third. Between finances, the market, and other many things you need to do, it can be come very overwhelming. So if you’re looking to buy Homes for Sale in Edmonton, here is a list to make the process a little easier.

Credit Check

Checking your credit is one of the first things you should do when thinking about buying a home. If your credit score is low, then you’ll want to start taking the necessary tips to increase your score. Speak with a professional and they can teach you the best ways to prioritize your payments and the best ways to improve your score.

Do your research

If you have a specific neighbourhood in mind it is always good to do some research on that area before hand. Check the price of the listings both active and sold, check the average days on the market and the average price of each sold listing. It is best to speak to Sherwood Park Real Estate Agents to get all of this information.

The Costs

There are a lot of costs when first owning a home, so it is best to know everything before going into it. There is of course the mortgage and down payment to purchase the home, but there are also things like property tax, home insurance, etc. Also don’t forget about closing costs, the costs to buy new furniture, yard maintenance tools, etc. Speak to your real estate agent to get a list of all of the items that are going to cost money, not and in the future.

Home Search

Now that you have that information, you can work with top Edmonton REALTORS® to find the right home. REALTORS® have access to the MLS and access to all listings in the area you want. Give the REALTOR® the list of wants and needs that you desire, so they can give you a list of all the homes that meet your criteria.

Home Inspection

The inspection of the home is one of the most important parts of the buying process. When the inspection is taking place, make sure that both you and your REALTOR® are present, and making a list of all of the concerns the inspector may have. Make sure to ask the inspector common issues found in home inspections. Once you have this info your agent can work with the seller on repairing these issues.

These are just a few of the many things you’ll need to know when purchasing Homes for Sale in Edmonton. For more information about contact RE/MAX Elite today!