Plus 9 Buyer Traps and How to Avoid Them

There are many decisions to be made when buying a home. This list is made courtesy of Calgary real estate agent, Len T. Wong and Associates. It identifies key steps in the buying process and is designed to help you make an informed buying decision.

1. Determining Your Housing Needs

Are you looking for a home for sale in Calgary? Real estate options can be overwhelming and there is a lot to consider when you start searching for your new home. The Calgary neighbourhood you prefer, and the style of home you like are key. Other things to consider are

  • what is your price range?
  • how much space do you need?
  • how long are you willing to commute?
  • when do you need (or want) to move?
  • when should you sell your current home?

2. Mortgage Assistance

It is recommended that you get pre-approval from a lender early in the purchasing process. You will save a lot of time knowing what you can afford, and you will be able to move quickly when you find the right home. Any realtor in Calgary, or real estate broker can help you to understand this process.

3. Viewing Property

Once you have pre-approval, look at Calgary home listings or Calgary condo listings that meet your criteria. Your realtor will set up appointments at a time convenient for you and ensure that you see everything in your price range.

4. Mortgage Assistance

When you find the home you want, it is time to negotiate an Offer to Purchase. This protects your interests, and is subject to conditions that you may have put on your contract such as home inspection.

5. Closing

When your offer has been accepted and your subjects have been removed from your contract, a closing date is set. Once the buyer and seller have finalized closing papers, the home is yours.

For more information on how to avoid common home-buying mistakes, contact Len T. Wong or read a special report.