Real Estate – Saving Money

by Roger Frost on December 9, 2011

Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, the more information you can gather before you start shopping, the better off you will be.

Now is not the time to hire a friend or relative as your real estate agent, especially with one of the most important transactions of your life on the line in this still-shaky market. You want someone who is well-connected with other agents, lenders and other fellow industry pros. Check credentials, references and recent performance histories.

Get pre-approved prior to shopping. Visit your financial or lending institution prior to home buying. Quickly, you’ll know the amount of mortgage you’ll receive. Be sure to get a mortgage commitment in writing. Most importantly, you’ll tell sellers that you are a serious prospect. Depending upon market conditions, a seller may lean towards an unconditional offer. You’ll have less negotiating power if you have to wait for mortgage approval. Banks and financial institutions have developed many programs especially for home buyers, be that first-time buyers or those with equity in their homes. When you review your needs and objectives with a lending officer, you’ll be one step closer to purchasing your home.

When selling your home it is important to make that great first impression. Some of the common turn offs include; Animal odours in the house, Evidence of damp or moisture in the walls, Cigarette or strong food odours, Doors, windows or gates that stick, Cracked glass in windows or doors, Too much furniture or personal belongings cluttering the space and Stained carpet.

Market Value – To form an opinion of value, your Real Estate sales professional will analyze current listings and sale prices of similar homes in your area. S/he will consider properties (1) that recently sold, (2) are currently for sale, or (3) were offered for sale but didn’t sell. Although none of these properties is identical to yours, our professionals only identify those homes that have a high degree of similarity to your in their report. This is the same process appraisers use to find the value of your home.

One of the conditions of purchasing or selling a home will now include having a home inspection. Choosing The Barrie Home Inspector, located at can be the best decision you can make. The Barrie Home Inspector is a Certified Building Code Official with the OBOA whose qualifications far exceed the typical home inspector. Experience and knowledge are the best tools a home inspector can have. Free Thermal Imaging with every Home Inspect

Learn more about The Best Innisfil Real Estate Agents. Stop by where you can find Innisfil Real Estate Agents Working For You.

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