Buying a home doesn’t have to be Stressful.
Buying a home is one of the main goals of many individuals. However, many also find the thought of purchasing a home to be a bit stressful. It doesn’t have to be, so let us look what brings on the stress.
The first factor that scares many is simply the money involved. A home is probably the most expensive asset an individual stands to buy in their lifetime. So it is easy to see why the money involved can be a significant stress factor. Since so much money is involved, many individuals dismiss their goal of buying a home as just ‘wishful thinking’. However, with the right advice on a home loan, the dream of buying a home can easily become a reality.
Today in Canada home loans have made home ownership a realizable dream for everyone. All you need to get started is to take the necessary steps to fit the criteria set down by lenders, and have enough money for a down payment. Mortgage rates are at all time lows and not expected to rise this year. and we can certainly point you in the right direction to get the best options available.
Another stress factor for buyers is the fear of paying too much for a property. The way to avoid overpaying for a property is to work with us and study the market thoroughly. By looking at recent sold’s of comparable properties you get a good picture opf the market. This is the point you feel the benefit of our 16+ years experience in Calgary Real Estate.
It is interesting that the experts say that nobody knows the top of any market, and nobody knows the bottom. But with good advice you should aim to buy in the safe zone. Unless you plan to flip your home, the value could change a few times during the time you live in it.
Which brings us to the stress of property values decreasing. And this year with the weakening oil price buyers have become more aware of this possibility. But prices have not altered that much and although homes in some cases take longer to sell most sellers although willing to work with a buyer know the value of their property. Yes they have to be realistic, but that does not mean that everything is a fire sale. Again as we said, the purchasing of any property should be viewed as a long-term investment.
For some buyers it is the fear of buying a “Money Pit” with problems that could be costly to rectify down the road. We always insist on a home inspection for all our buyers and advise them this professional is worth the approximate $400-$500 cost,
Inspectors identify any current problems or any things that could be a problem in the future. They can walk you through it, and you receive an online and hard copy of the inspection. If the problems are significant you have options to get the seller to price adjust, or not waiver you condition and the deal collapses.
While it is true that the process of buying a home can be quite complex, with the right strategies and guidance it can be quite easy and straight forward. We are here to advise, and when we put all the pieces together you will see that it is much easier than you thought. And you end up with a beautiful home of your own!