The concerns most people have in buying a home are:
- How much can we afford?
- What are the market conditions like and how do we prepare and of what should we be aware?
- How can we determine that we are getting good value for our money?
- What do we need to watch for to get good value?
- What do I get from a professional inspection of a property that you want to buy?
- What sort of mortgage should I get and where do I get it?
- What features and locations are good when later on I want to sell?
- How much energy and dedication will this agent give to us so we won’t miss out on getting the home we want.
The answer, is in "My Process to buy your home". My Process to buy your home:
- I will request that we meet to discuss your specific needs, market conditions and financing of your purchase.
- Spending time at the beginning will help enormously when I am subsequently searching data bases, talking to other agents who have “pocket Listings” or a specific knowledge of the location you are after. You should also take comfort in knowing that many buyers will change their parameters or specifications, after they get to know the market better. This is to be expected as your knowledge level goes up. The important thing for me is that we communicate.
- Buyers should be aware of the major components of a house that can cost them dollars or effort to maintain. Windows, Kitchen Cupboards, Flooring, Heating Systems and Decor. When looking at some places, you can look past some problems that are easily fixable, but most want a home that is the perfect “10". A home you can just move into and not have to fix a thing. You should be aware of relative advantages or disadvantages of for example buying a place that needs painting.
- We will go over a typical Offer to Purchase so that when we find the house of your dreams we can discuss the specific negotiating strategy, the terms and conditions for that house rather than losing time advantage if we have competition. The Market can be very quick when a real good one comes on the market at a good price. We have to be prepared to make an offer and not left out because someone else already made an acceptable offer to the vender.
- You will be advised of Mortgage rates terms and conditions and generally how much the banks will allow, as well as aware of closing costs when taking possession of your new home. You will be introduced to a Mortgage Broker (if you wish) who will find the best mortgage at the best rates. His rates are normally the lowest possible in the market with the right terms. He will go through the mortgage application process with you so you will be ready when we want to make an offer.
- Inspections are very important safety valve. A professional Inspector will check out all the major components of the home and provide a written report. This report will clearly spell out the condition of the components giving you a forecast of the life expectancy of the roof, furnace and appliances for example.. The inspectors I recommend know their profession. If we determine that there is a problem that was not expected such as the life expectancy of the furnace then we will renegotiate the deal.
- Once we have found a home attractive enough to make an offer I will immediately prepare a Comparative Market Analysis so that you can visibly see what similar homes are selling for. This will help to determine good valueactually reflected in the market.
- In addition I will research the data on the home to assist us in negotiating the best price. For example how long has it been on the market, was it listed previously, how much did the vendors pay etc.,
- You need Mike Hider, a Real Estate Agent with energy, knowledge and skill in negotiating to get you results.
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