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Home Buyer 101 London Ontario

How Often Do You Hear Yourself Saying: “No, I Haven’t Read It: I’ve Been Meaning To!”

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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 need to pay more attention to 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 significant decisions and avoiding emotional overzealousness to buy!

A Good Decision About Real Estate Is Based on Knowledge

  

If you spend hundreds of thousands of dollars on a home in London, Ontario, and whether you are a first-time buyer or buying your 5th, a few minutes of informed insights will be well worth your time.

Below are 7 149 reports or videos we have prepared to help our clients make prudent decisions!

Report # 1 Buying a House

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, what comparables are used, and in what time frames? Without this knowledge, you could quickly bid too much or miss out on a great buying opportunity. Why? There are ten other great tips in this report.

Report# 2 Buying a Condo

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 is that due diligence is required to understand the condominium corporation’s bylaws, financial status, rules and regulations, and by-laws! These notes will give you several helpful, straightforward tips for buying a condo in London, plus answers to a condo corporation and valuable links. 

Report # 3 Who Else is Going To Be Involved When I Buy Real Estate?

Many other professionals or non-professionals are involved in your real estate transaction. An excellent, thorough Realtor will ensure you are working with qualified professionals. 

Report #4 Role of a Lawyer in a Real Estate Purchase

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.

Report # 5 Role of a Home Inspector

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.

  1. The 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 operating your home’s systems.

      3.  A great Home Inspector will explain how to solve the problems found that day, giving 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?

Report # 6 What Do All These Real Estate Words Mean Anyway?

What do all these real estate words mean? Learn a few; never will a lawyer, Realtor, economist, mortgage lender or hairdresser ever confuse you again!

Report # 7 Ten Sneaky Real Estate Scams And How to Protect Yourself

Beware of these real estate scams

Real estate scams cost buyers, sellers, property owners, renters, and real estate professionals upward of a billion dollars every year. And that’s not even the worst of it. Scammers are becoming increasingly sophisticated, harder to catch, and the financial losses caused by real estate scams perpetrated by these criminals are extremely difficult to recover.

The good news? Proactive real estate professionals are getting better at spotting real estate scams and protecting their clients.

Learn about effective strategies to protect your clients (and yourself) from being duped by some of the sneakiest real estate scams.

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