They say it’s easier to find a good boss than it is to find a good house. That seems odd, isn’t it? Well indeed that’s true. Picking out a new house can be exciting and terrifying at the same time. How do you choose the best location? What if the house has problems you can’t afford to fix?
Before you think about dedicating your Saturday to visiting every open house in the city, you need to know what you’re looking for.
The first and only way to begin the decision-making process is to grab your calculator. A dream home becomes a nightmare the moment you can’t afford it
Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan. It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying.
Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and well, you can afford it.
Real estate is cyclical, it goes up and it goes down and it goes back up again. Don’t wait for the market to be in your favour. That might just never happen.
Savvy sellers do all that they can to entice potential customers. They might make the place clutter free or add extra embellishments that make the house look far more liveable than it actually is. Don not let that get to you. Try to look underneath that cover.
Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions.
Go with your instincts but don’t be swayed by emotions. There’s a big difference between your emotions and your instincts.