A common mistake made by homebuyers is not taking the time to get pre-approved by a bank a mortgage broker. This can result in countless hours spent searching for homes out of your price range, or worse, purchasing a home only to find you don't qualify for financing.
When financing your home, researching mortgage rates is a must. A lower rate can either cut your monthly payments significantly or allow you to choose a shorter term and pay off the loan sooner.
Nobody wants to purchase a home only to find out later there are defects, latent or otherwise. Ensure you obtain building and pest inspections. If the inspection identifies deficiencies you may be able to negotiate the purchase price to cover required repairs or make your satisfaction of the inspection subject to the homeowner remedying the problem. Your REMAX agent can advise you on inspections you should consider.
REMAX can help you make a purchase with the least amount of problems. The price you pay is market value. They can offer expert advice on what to look for, conditions to include, important local information etc.
If price is important you should always sell your present home before buying another. It has the advantage in letting you know exactly how much money you will have available for your next purchase. Selling your home first allows you to place fewer conditions on your purchase which makes your offer more attractive to a seller. They often will demand more money to take a "subject to" offer which takes their home off the market. The other advantage is if you find a terrific house, chances are others will also find it attractive and you stand to lose it if you can't make an unconditional offer.
Know all the costs associated with your purchase. Consider the following costs: legal fees, transfer tax, property taxes, new home landscaping, fencing, appliances, window coverings.