Home Buyer 101 London Ontario
How Often Do You Hear Yourself Saying: “No, I Haven’t Read It: I’ve Been Meaning To!”
Most house buyers only think about price, style and location. But there’s more than that! For most, buying a house in London, Ontario & the area can be an emotional roller coaster! It comes with many details, and some buyers may get caught up in the excitement and tend to overlook a few things.
Over the years, through experience in working with hundreds of buyers and sellers in London, Ontario real estate, we have been able to help clients overcome the conflicting misinformation about real estate and apply sound common sense so that our clients are assured they are making great decisions and avoiding emotional overzealous to buy!
If you are spending hundreds of thousands of dollars on a home in London, Ontario, and regardless if you are a first-time buyer or buying your 5th, a few minutes of informed insights will be well worth your time.
Below are 6 of 22 reports or videos we have prepared to help our clients make prudent decisions!
What price do you offer a seller? Is the seller’s asking price too high? Is it ideal? Without research on the market and comparable homes, you are bidding blind. A professional Realtor who represents you should offer an unbiased opinion on a home’s value, based on market conditions and the house and neighbourhood conditions. I said it should, but how would you know if it is unbiased and what comparables used and in what time frames? Without this knowledge, you could quickly bid too much, or worse, miss out on a great buying opportunity. Why? There are ten other great tips in this report.
Buying a condo in London, Ontario, be it an apartment, a townhouse, or a townhome, takes much more care than purchasing a house. The reason being is that due diligence is required to understand the condominium corporation’s bylaws and financial status, rules and regulations and by-laws! These notes intend to give you several helpful, straightforward tips for buying a condo in London, plus answers to a condo corporation and valuable links.
There can be many other professionals or non-professionals involved in your real estate transaction. An excellent, thorough Realtor will ensure you are working with qualified professionals.
Video: Should I buy first or sell first?
The purchaser’s lawyer’s purpose is to protect you, the purchaser, throughout the transaction and ensure that you obtain a good title to your new property. The purchaser’s lawyer also represents your mortgage lender’s interests in preparing and registering the mortgage documents—tips on what to ask a lawyer.
There are several reasons for having a home inspection, but the most compelling reason is that the inspector looks at the property differently than a purchaser does.
- The actual job is to look for significant problems visible on the home inspection day to help you reduce your risk.
2. A good home inspector will also educate you on the operation of your home’s systems.
3. A great Home Inspector will explain how to solve the problems found that day, which will ultimately give you enough information to make the right buying decision with everything you have learned.
What is a home inspection, how to choose a home inspector & what to be careful about?
What do all these real estate words mean? Learn a few; that way, never will a lawyer, Realtor, economist, mortgage lender or hairdresser ever confuse you again!