Say you’re shopping for a new home. Your goal is to find the ideal house or condo, in a neighbourhood that is just right for you, within a price range that you can afford.
What do you need — at minimum — to get started?
If you’re looking for ways to get your ducks in a row, here are some things to prepare:
• A property wish list. What does your ideal home look like? How many bedrooms does it need to have? How much parking do you require? A nice view? Get your wish list down on paper.
• A neighbourhood wish list. Where you live is just as important as what you live in. What qualities are you looking for in a neighbourhood? A nearby park? Walking distance to a good school? Hiking trails? A shorter drive to work? Write it down.
• A pre-approved mortgage. Getting the financing handled up front takes the guesswork out of what you can afford. Sellers will also take any offers you make more seriously.
• Realistic expectations. 90% of homes sell at or near the current market rates. So don’t expect to find a bargain that no one else has noticed.
Looking for more advice on finding your next dream home?
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