Buyer Tips

How to Save Thousands of Dollars When You Buy

In this report, for you to understand how much to offer for a home you’re interested in, it’s important for you to know how sellers’ price their homes. Here are 4 common strategies you’ll start to recognize when you begin to view homes.

How sellers set their asking price

  1. Clearly overpriced
  2. Somewhat overpriced
  3. Priced correctly at market value
  4. Priced below the fair market value

These steps will help you save thousands when you buy a home

  • Make sure you know what you want…
  • Don’t shop with stars in your eyes

6 Things You Must Know Before Obtaining a Mortgage

Industry research has revealed that there are 6 common mistakes that most homebuyers make in mortgage shopping that can have a significant impact on the outcome of this critical negotiation. If handled correctly, these issues could result in a mortgage that will cost you less over a shorter period of time.

  1. You can, and should, get pre approved for a mortgage before you go looking for a home
  2. Know what monthly dollar amount you feel comfortable committing to
  3. You should be thinking about your long term goals, and expected situation, to determine the type of mortgage that will best suit your needs
  4. Make sure you understand what prepayment privileges and payment frequency options are available to you
  5. Ask if your mortgage is both portable and/or assumable
  6. You should seriously consider dealing with a mortgage expert

13 Extra Costs to Be Aware of Before Buying a Home

Whether you are considering buying your first house or are looking for a bigger one, there are many expenses over and above the purchase price that you need to plan for right from the moment you start looking for a house. These additional costs can take you by surprise and turn the signature of the contract into a nightmare if you are not well informed and prepared to deal with them.

  1. Evaluation fees
  2. Taxes
  3. Land surveying fees
  4. Insurance for the property
  5. Connecting fees
  6. Legal fees
  7. Mortgage insurance fees
  8. Mortgage brokerage fees
  9. Moving fees
  10. Condo fees
  11. Water testing fees
  12. Local improvements
  13. Land transfer tax

9 Buyer Traps and How to Avoid Them

No matter which way you look at it buying a home is a major investment. But for many homebuyers, it can be an even more expensive process than it needs to be because many fall prey to at least a few of the many common and costly mistakes which trap them. A systemized approach to the home buying process can help you steer clear of these common traps, allowing you to not only cut costs, but also secure the home that’s best for you.

  1. Bidding blind
  2. Buying the wrong home
  3. Unclear title
  4. Inaccurate survey
  5. Undisclosed fix-ups
  6. Not getting mortgage pre approval
  7. Contract misses
  8. Hidden costs
  9. Rushing the closing

10 Tips to Save You Time and Money on New Homes

When shopping for your home, you’ll discover that most homes on the market are resales. Yet, one out of four homebuyers purchase a new home. Both new homes and resales offer advantages. Before you make a decision, read this report.

  1. Get in touch with your agent
  2. Seller’s agents versus buyer’s agents
  3. A builder for all reasons
  4. Get the facts about your builder
  5. Check out the neighborhood
  6. Choosing options and upgrades
  7. Negotiations
  8. Be sure the contract works in your favor!
  9. Financing — What’s best for you?
  10. Just because it’s new… doesn’t mean it’s perfect.

Immediate delivery – new homes

  • Buyer advantages your builder may not reveal

6 Costly Errors When Moving to a Larger Home

Unlike the experience of buying a first home, when you’re looking to move-up, and already own a home, there are certain factors that can complicate the situation. It’s very important for you to consider these issues before you list your home for sale. Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

  1. Rose-coloured glasses
  2. Failing to make necessary improvements
  3. Not selling first
  4. Failing to get a pre approved mortgage
  5. Getting caught in the “Real Estate Catch 22”
  6. Failing to coordinate closings