Home Buying Tips In Edmonton

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Home Buying Tips In Edmonton

• http//homesbylil.ca/

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• Buying a home anywhere is effortlessly one of the
  biggest decisions of your life, if not the
  biggest. It will be your biggest investment ever
  the anchor to every other important decision of
  your life thereafter.
• Do not forget what you are buying maybe a house
  of brick, mortar clay but this is what your
  family will call home. It is the place where your
  child will experience his or her first birthday,
  first Christmas, first Halloween first
  sleepover. It is the place where your child will
  get ready for his or her first prom night,
  introduce his or her first date ever to you the
  place from where he or she will eventually leave
  for college.

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Take A Stock About Your Finance

• The most important decision you will be making
  when buying a house is the cost. Whats your
  price range? Today, nobody buys a house out of
  their own pockets. Whats your credit score? How
  much can you borrow? Before embarking upon the
  biggest investment of your lifetime, it pays to
  know how far you can throw yourself a line.

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Dont underestimate the Additional Costs

• Be frugal. Once you have ascertained how much you
  can spend, do not get creative about it.
  Practicality goes a long way in guaranteeing best
  buy on your dollar. Do not forget the cost of
  your new house will only be the biggest spend on
  your pocket. Never underestimate the additional
  costs that come with the whole package. These
  costs will include legal fees, Insurance,
  building reports, valuation of the property,
  stamp duty, moving costs etc.

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Check out All Financing Options

• Meet a mortgage broker and find out what he can
  offer you in terms of financing options. At
  Lillian Howarth, we will help you secure the most
  flexible loan options from the best banks of your
  choice. We will help you with your paperwork
  every step of the way ensure the most
  convenient smooth way for you to procure a home
  loan.

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Sell First If You Need To Sell Before You Buy

• Now that your finances have been taken care of,
  what next? Many home buyers who are selling a
  house to buy another often suffer from a very
  common dilemma do I sell first or do I buy
  first? Well, we recommend that you sell first.
  Why? Because that opens up many options for you.
  First, with potential liquid cash in your hand,
  you can close your buy in a relatively short term
  should your seller have time constraints. In
  fact, making the buy on short term is a very
  effective pitch when trying to convince your
  seller to choose you over other potential buyers
  or persuading him or her to sell below asking
  price.

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• When you buy first, you then immediately put
  yourself on a deadline. This constraints you from
  getting the best figure on your house make
  yourself vulnerable to opportunistic agents or
  buyers who may try to exploit your disadvantage
  in their own favour quote numbers below your
  asking or worse, standard market price.

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Wait For The Buyers Market

• Knowing the Real Estate market when buying or
  selling a house is crucial to getting the best
  deal on your offer. The property market regularly
  fluctuates selling or buying at the opportune
  moment can make the difference between being a
  winner or a loser in the property wars. When the
  number of properties on sale are greater than the
  number of prospective buyers, it is known as a
  buyers market. This is because the terms are in
  favour of the buyers as they have more choice
  than the sellers. This is not a good time to sell
  but an excellent time for first time home buyers
  to enter the market.

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• When there are more buyers on the market than
  sellers, it is known as a sellers market because
  it is the sellers who get to call most of the
  shots. Buyers have lesser choices when making a
  decision this is an ideal time for you to sell
  your house.
• Real Estate as an industry is not seasonal in
  nature. Having said that, most buyers sellers
  transact during the periods of Autumn Spring
  for a variety of reasons.

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• If you are buyer, it becomes that much easier for
  you to travel around checking out your multiple
  options without the hassles of the freezing
  thermometer of winter or braving thick snow. If
  you are a seller, you know that the maximum
  number of buyers will come out in Autumn or
  Spring when even the most mundane houses could
  look very scenic thanks to all the multi-hued
  shrubbery forage surrounding it.

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• Dont Hurry
• Dont be in a hurry to consider the Autumn or
  Spring rule of thumb as sacrosanct just yet! Is
  your house unusually cool during summer? How
  about that warm fireplace in your living room
  during the cold months of winter? You may be able
  to strike the deal of your lifetime when
  everybody else thinks its off season.

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Research Property Online

• When buying a home, make sure you thoroughly
  research your wish list on the internet. This
  will include houses within your price range, the
  type of property you are shopping for
  apartments, duplexes etc., location, nearby
  schools, hospitals etc., proximity to work ease
  of public transport, number of bedrooms,
  washrooms, garages storage options etc. how
  scenic the landscape around your house is.

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Partner With A Real Estate Agent

• Last but not least, partner with the real estate
  agent of your choice. Your chemistry with your
  agent will dictate the house or the buyer you
  eventually end up with. A good agent with whom
  you enjoy a healthy relationship will not only
  make your search for a prospective buyer or house
  that much easier but may even make the whole
  experience that much pleasurable. Not only will
  you gain a house of your dreams or a buyer who
  gives you top bargain on your dollar but as an
  added bonus, you may even gain a friend a
  well-wisher in your real estate agent.

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Contact US

• 3659 99th Street,
• NW Edmonton, AB T6E 6K5
• Website http//homesbylil.ca/
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