TAKE OFF THE
ROSE COLOURED GLASSES AND SAVE $$$$
by JNL LYNCH
S
hopping for a new home is an emotional
experience. It's also time consuming and
comes with a myriad of details. Some
buyers caught up in the excitement of buying a
new home tend to overlook some items. Their
home purchase turns into an expensive process.
These errors generally fall into three areas:
- Paying too much
- Losing a dream home to another buyer
- Buying the wrong home
Here are some tips on making the most of your
home purchase:
Bidding without sufficient information
What price do you offer a seller?
Is the seller's asking price too high?
Is it a deal?
Without research on the market and comparable
homes, you could lose thousands of dollars.
Before you make that offer, be sure you have
researched the market. A Real Estate
Professional can offer an unbiased opinion on the
value of a home, based on market conditions,
condition of the home and neighbourhood.
Without knowledge of the market, your offer could
be too much. Or worse, you could miss out on a
great buying opportunity.
Buying a mis-matched home
What do you need and want in a home? Sounds
simple. Yet, clearly identifying your needs and
bringing an objective view to home shopping,
leaves you in a better position. Sometimes, home
buyers buy a home that is too large or too small.
Perhaps they didn't consider the drive to work, the
distance to school, or the many repair jobs waiting
for completion. Plan ahead. Use your needs list as
a guideline for every