What down payment for a home have you saved? Have you looked into using your RRSP(s) for a down payment? What can you afford? Have you done some preliminary research with various banks?
Make a list of your needs and wants. Do you need an extra bathroom, a garage, a fenced backyard, or lower utility bills? Do you want a fireplace, a short drive to work, or maybe minimal yard work? Once your list is complete, review it and decide what is most important to your lifestyle. Decide which items are “musts” and which you are willing to give up.
Deciding where you want to live may be the single most important factor in choosing a home. Location affects your day-to-day living and is one of the most significant influences on value. Your choice of location may be limited somewhat by the price you can afford.
A single-family detached home is attractive to many people because it typically provides more living space and land area than other types of living units. Typically the detached structure permits you greater freedom (less restrictions) on remodeling, expanding, painting, and altering the appearances of the structure. On the other hand, a condominium may be a more appropriate choice for you, with an emphasis on maintenance-free living.
Consider size and style. You may already have in mind a contemporary home with a sun deck or a two-storey Victorian-style with a cozy study. Or maybe you won’t know what you want or like until you see it. Whatever the case, your REALTOR® will listen to your preferences and help find the right home for you.
For further information on buying a home, the Canada Mortgage and Housing Corporation has an insightful section “Homebuying Step by Step” on their website.
The Canadian Real Estate Association has put together a homebuyers’ roadmap to help buyers through the proccess of attaining a home.
Already have a house and a price in mind? Click here to use our mortgage calculator.
Alberta is in a fairly level Real Estate Market with the current advantage to buyers. Understanding this and the general mindset of Albertan’s is important when pricing. The market in general has been sale price of 97% of list price. But how do you find your target list price. your price will reflect the location, condition, and competition. A great agent will help guide you on this price evaluation.
This is critical! Only a true insightful and knowledgeable Real Estate Agent can understand and explain Positioning. A combination of events & trends will influence you position in the market. Is the neighborhood demographics shifting? Access, influences like amenities from schools and shopping . Is the trend based on life cycle and does home fit within the trend? Is your type of property in demand? A condo downtown Calgary will have not only a different price but all together a different buyer, timeline & needs.
The easiest of the 3 P’s. Yet can be the most impactful on your sale journey. HGTV has demonstrated for nearly 25 years how to present a home on the resale market. The Do’s & Dont’s: This is an entire generation of home buyers.
Understand the Sensory intake of the Buyers.
Sight, Sounds, Scent = Sold
Rules to Remember: