FIND A REALTOR®
Find a REALTOR® that you can relate to and one that understands your needs. They will assist you in finding a property, help you to compare properties, share valuable market information with you including recent sales activity. They will also assist you with determining the necessary subjects to include in your offer and help explain the contract to you. A REALTOR® is there to help you with your purchase and will be negotiating on your behalf.
It is a benefit to have a REALTOR® that sees a variety of properties with you getting to know your likes and dislikes and the things that are important to you. They can alert you to opportunities you may not have been aware of.
I would be happy to meet with you and discuss how I can help you. I like to use the philosophy that I give my clients the same advice and information that I would if you were my Mother, Brother of Grandparent. I believe in being open and honest and feel that this is the best way for us to work together.
EDUCATE YOURSELF ON THE MARKET
Start studying the listings in the area you would like to purchase. It is not enough to watch them as they list at www.realtor.ca. I can set you up in a database that will help you to see new listings before they appear on realtor.ca. This online system will allow you to sort your favourites and watch specific listings. The system will also notify you of price changes as well as what properties actually sell for - probably the most useful information. This information is not available on realtor.ca.
Through this process you can become a knowledgeable and educated buyer which will help you to become more confident in the decisions you make.
START VIEWING PROPERTIES
Start viewing listings. All the MLS photos and virtual tours are no replacement for physically seeing a property.
The house may be fabulous - everything you ever dreamed of and shortly after you arrive you realize it is right beside a noisy generator powered building running 24 hours a day (not likely on Pender!!!!).
The surroundings of the property will also be an important part of your purchase – do you want to have a garden, is there enough sunshine? Does the property you want have a view, are you in control of that view? This can work in the reverse too, perhaps a property is filled with knickknacks and shelves of things or poor taste in décor and paint colour, it could be difficult to get a great picture of the property but if you remove all that and change the paint it might be a gem in disguise.
My point is the importance of viewing properties and recognizing market value.
Learn about the opportunities for first time buyers
You may want to seek an accountant’s advice on this too…
BC First time home buyer property transfer credit
PUT IN AN OFFER – BUY A HOME
The next step is to put in an offer on a home. This can be a somewhat emotional time and your REALTOR® will help you during this time. Negotiations don't always turn out the way you had hoped or expected and at times you can be disappointed. It is important not to get to emotionally involved with your negotiation and not take it personally. If it is the right fit things will work out and if not you may need to continue your search.
START BUILDING EQUITY
Now that you have made your first purchase you can begin building equity. Start by keeping up with the regular maintenance on your home. Over time you may wish to make some improvements which can improve the value. The market can fluctuate over time, at times the value may increase and at times the market may fall. If you are prepared to make a long term goal you can be building equity. When you are paying rent you never receive a penny of that money back again.