REAL ESTATE SERVICES
There is a big difference between buying a home and selling a home. They require tailored duties and services at each stage of the process. It's important that you work with a real estate professional prepared to meet those demands to ensure full value!
If you are buying
1. Take stock of your personal finances
You won’t be able to buy a home until you know what you can afford based on your personal finances. Check your credit score.
The better your score is, the easier it will be for you to get approved for a loan. You should also determine how much you have saved up for a down payment.
Generally, homebuyers are expected to put up between 5 and 20 percent of the price of a property as a down payment.
2. Go through the pre-approval process
Speaking with a lender will help you determine a specific price range for houses you can afford.
In order to get pre-approved for a mortgage, you will have to provide your lender with some financial information, including your debts and assets.
3. List your priorities
Once you know how much house you can actually afford, you can begin your search for a home. I can send you listings in your area of choice.
Although you probably won’t be able to find a listing that fulfills every item on your wish list, it’s a good idea to keep your priorities top of mind to ensure you know what to look for when buying a house.
So write them down, and make sure to revisit them as you begin looking at homes. More on that later.
4. Call or text me (905) 869-3473
With your list of priorities and your pre-approval information in hand, I can help you find a home.
I can facilitate negotiations between buyers and sellers and show you properties that fit your budget and meet your needs.
5. Make an offer and negotiate
Working together we will determine a fair price to offer the owners of a home in which you are interested. Try to avoid making a low-ball offer.
Often, owners who receive an offer that is obviously too low simply refuse it upfront and don’t engage in any further negotiations .
I will show you comparable homes that will help you understand the offer process and make you feel comfortable about the amount you are going to offer for the home.
6. Handle inspections and secure a loan
Home inspections are sometimes a necessary part of the homebuying process. It’s important to have the house you are purchasing professionally inspected to ensure you are aware of any damage or signs of structural wear.
An inspection will confirm whether the homeowners were honest in their listing and reveal any issues that might have gone unnoticed. After the inspection and the appraisal of the property, you can secure your loan with a bank or lender.
7. Submit paperwork and close
We will work with your lender to ensure that all of the relevant paperwork for your purchase is in order.
You will be able to move into your new home as soon as all of the paperwork has been completed and the seller of the house has been paid.
If you are selling
Steps you can take to make your home sale a success
Consider Your Motivation
Explore your reasons for selling. Maybe this isn't the ideal time for you to sell if you aren't really committed. Perhaps the current market isn't ideal.
Try comparing the pros and cons—staying a while longer versus selling right now—Make a written list to determine if you're making the right move.
Call Real Estate Agents
Talk to at least three agents that are familiar with your area. Ask each listing agent to present a marketing plan that explains what they'll do to get your home sold for top dollar. Ask the agents to prepare a comparative market analysis (CMA) for you so you have an idea of home values in your area.
Prepare Your Home for Sale
Remove any bulky, excess, or worn-out furniture. Stick extra stuff in the garage or a private storage unit, or just throw it out if it's in really bad shape. Give the place a good, deep cleaning. Hire a professional if necessary.“Clean Sells”
Decide Whether to Make Repairs
Not all resale repairs will pay off, so calculate the potential return on your investment if you're tempted to spend money on repairs. Kitchen and bathroom improvements tend to provide the best returns and a coat of paint can make your house look great. Ask me for guidance, or you might spend more on things you don't need to fix.
Although you don't want to spend a lot of money making improvements, you want to repair obvious maintenance issues.
Stage Your Home
Home staging is the art of presenting your home in a way that gives potential buyers that warm, fuzzy, I want to live here feeling. You can hire a professional stager, ask your agent to help stage, or stage your place yourself, but you'll almost certainly get more for your home if you address this issue.
Add throw rugs, pillows, or artwork in colours that tend to elicit a positive psychological response. Get the lighting just right. And don't forget the exterior. Add a few potted plants or lay down some fresh mulch so your house is warm and welcoming. Curb appeal is very important.
I hire a professional photographer, they know the tricks of the trade to make rooms look larger and brighter, and quality photos of your home that are posted in the right places can go a long way toward bringing in buyers.
Decide on How to Price Your Home
Homes that are overpriced often sell for less than market value, if they sell at all.
Review those comparative market analyses you asked for, and look into other nearby homes that are on the market. You might even consider getting a professional appraisal so you have a firm, unbiased opinion as to what your home is really worth.
Find a Lender
If you're planning to buy a home in tandem with selling your home, start by calling your existing lender to find out your pay-off amount. You should also order a beneficiary statement. Then check out new mortgage offers from lending institutions and credit unions.
Ask for an estimate of costs. Compare rates and fees. You might want to ask your agent for referrals to mortgage brokers because they often have more flexibility to discount rates.
Make sure you're comfortable with your loan officer and that they have plenty of experience. Get a loan pre approval letter so you know how much of a mortgage you qualify for. Keep in mind that you don't have to apply for the maximum mortgage you're approved for. A lower mortgage payment might make you more comfortable in the long run. Compare loan types and choose wisely.
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