If you’re a first-time homebuyer, navigating the road to homeownership might seem a little intimidating. Working with professionals will make the process a lot easier on you, and to give you some peace of mind, here’s what it all looks like:
1. Determining Your Housing Needs
Are you looking for a home for sale in Calgary? Real estate options can be overwhelming and there is a lot to consider when you start searching for your new home. The Calgary neighbourhood you prefer, and the style of home you like are key. Other things to consider are
- what is your price range?
- how much space do you need?
- how long are you willing to commute?
- when do you need (or want) to move?
- when should you sell your current home?
2. Mortgage Assistance
It is recommended that you get pre-approval from a lender early in the purchasing process. You will save a lot of time knowing what you can afford, and you will be able to move quickly when you find the right home. Any realtor in Calgary, or real estate broker can help you to understand this process.
3. Viewing Property
Once you have pre-approval, look at Calgary home listings or Calgary condo listings that meet your criteria. Your realtor will set up appointments at a time convenient for you and ensure that you see everything in your price range.
4. Mortgage Assistance
When you find the home you want, it is time to negotiate an Offer to Purchase. This protects your interests, and is subject to conditions that you may have put on your contract such as home inspection.
5. Closing
When your offer has been accepted and your subjects have been removed from your contract, a closing date is set. Once the buyer and seller have finalized closing papers, the home is yours.
For more information on how to avoid common home-buying mistakes, contact Len T. Wong or read a special report.
