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Four of Eighteen Points To Consider When Buying a Home in London Ontario

Is there anything you are forgetting when buying a home in London, Ontario?

 Buying a house or buying a condo in London and South West Ontario can be exciting yet overwhelming at times.

Buying a home in London Ontario

I know that when I meet buyers for the first time, be it first-time buyers or 5th time buyers and go through a checklist of the buying process, I hear from everyone; “You know, I never even thought of that!”

Below are four essentials point:

  • Are you preapproved for a mortgage, is it in writing and how long is the interest rate guaranteed for?

  • What lawyer are you going to use? Do they specialize in real estate and their fee, not just their real estate fee but also their disbursements! (You would be surprised by the stories I hear where that low fee did not turn out to be so low! Yes, the price was low, but additional charges such as filing fees, record keeping, and blah and blah fees add up!) Get it in writing; they are lawyers, which would be their advice to you!

  • When working with a REALTOR, do you have to sign a buyer agency contract? Not sure or what is Buyer Agency? Have your REALTOR buyer agency to you, and if they insist you sign one before showing any homes, fully understand what you are signing and how long are you committed to that REALTOR? In most cases, you don’t and won’t mind being committed, but what if your relationship is not working out! Be careful!

  • What about a home inspection? Do not leave that to chance or google the least expensive inspector on the web. Home inspectors in Ontario are not regulated, and would you trust hundreds of thousands of dollars for a home inspection to save $100 or $200?

These 4 are the more common misconceptions and erroneous information or perceptions that home buyers have.

Buying a home is the easy part; it is the details that will make you toss and turn at night. Be prepared and sleep well!

sleep well when working with Ty Lacroix

There are 22 misconceptions; would you like to know the other 18?

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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