Tips for Buying Your First Home and Mistakes to Avoid
Buying a house for the first time can be quite a tricky affair for a person that isn’t well prepared. There are many things that they need to look at before buying the house. There are the finances, the house, the documentation, the legal aspect of things, the state, and a whole lot of other things. In this article, we are going to look at some tips for buying your first home, and mistakes to avoid.
Hire an Agent
If you’re totally green when it comes to buying a home, it would be a great idea for you to hire an agent. They will save you time, and they also come with some valuable information regarding properties. Below are some of the things that the agent can do for you:
- An agent can send you listings directly from MLS that are you your expectations, saving you a ton of time.
- Agents often know of new listings coming up that are not yet on the market.
- You get to tour the properties using the agents gas.
- Some agents will preview homes for you.
- An agent can generally spot overpriced listings and advise you accordingly.
Find a Home to Buy
You should check out at least 7 homes, since checking out too many homes could leave you confused. You can do your research online as you identify the right neighborhood, and once that is done, it won’t be too hard to identify the house that you want.
Get a Loan
It is important for you to get finances, and one of the best ways of doing so is through getting a preapproved loan so that you know exactly how much you’re willing to spend on the house.
Negotiate the Offer
It is always good to negotiate the price of the house, and that is because some sellers could ask for unreasonable prices. This is where an agent could come in handy because they know the actual value of the homes.
Do a Home Inspection
Inspect the home to make sure that it meets your requirements.
Lakeside Residences a New Multi-Phase High-Rise Residential Development Project
Now that we are on the issue of buying houses, we might as well take a look at Lakeside Residences, an upcoming residential development project. The Lakeside Condos are located in its pre-construction stage, located on a 3.8-acre piece of land in Toronto’s East Bayfront area. It features three towers in the first phase, with a total of eight buildings with two striking towers when completed. It is expected to be completed and ready for occupancy in 2020. Currently there is no final tally as to how many suites the whole development project will have, nor amount of commercial or public space info is still available. The developer of the project is Greenland Group, the architect Hariri Pontarini Architects. The building comes in condos and retail types.
It is every person’s dream to own a home for their family, although the dream can sometimes seem far-fetched. Planning early for the home is the best way that one can save for it and actually attain the dream.