3 Scary Mistakes, Buyers must avoid in real estate
When buying a home, you must be vary about the three most common mistakes most buyers make. Please watch my video below, so I may explain….
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Mistake #1 -
Most buyers do not educate themselves with all the numbers regarding buying a home. Along with the mortgage pre-approval, buyers must calculate the following numbers:
Downpayment cash
Land transfer tax
Legal Fees
Possible CMHC fees
Home inspection costs
Moving costs
Before moving into a brand new residence, buyers should calculate the following carrying costs:
Monthly or Biweekly mortgage payments
Property tax payments
Utility costs
Internet
Home phone
Cable TV
Maintenance fund for freehold home
Monthly maintenance fees for a condo
Possible snow removal costs
Lawn care
I am sharing my property purchase calculator with you, for free! Please download and use it.
Property Purchase Calculator
All the numbers you need to know
Mistake #2 -
Every buyer must have a strategy, when pursing purchasing real estate. And every buyer has their own strength. First time buyers do not have a property to sell. Therefore, they are more fluid with a possession date. Buyers who are either moving up or scaling down, must understand both price points they are transacting in.
Mistake #3 -
Knowing the price of a home, is the most valuable service a professional realtor can provide to his/her client(s). Pricing a home or a condo comes with experience of an area and the market trends at that specific moment in time. However, there are so many factors that can affect the value of real estate. The most common has always been supply and demand. Along with low or high interest rates, that can either increase or decrease the buying power of a purchaser.
If you would like to see how I serve my buyers, schedule a online call with me. My free buyer’s strategic plan will ensure that you never make these mistakes, when buying real estate for personal or investment requirements.
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