Choosing to buy a home is one of the biggest decisions you’ll make in your life. It’s a complex ordeal that requires a lot of planning and instating the help of a knowledgeable REALTOR® to make the process run smoothly, especially in Edmonton.
To ready you for this, here is a general overview of what to expect and prepare.
The first thing you’ll need to do is put money aside for a down payment. This amount is (at minimum) 5% of the purchase price of the home you’re planning to buy.
Second, you’ll need to meet with an Edmonton mortgage broker to determine what you can afford. Shopping around for the best rate is highly recommended.
Once you’ve established a price range, it’s time to decide what type of home will best suit your lifestyle. Think about things like access to schools, recreational facilities, what the neighbourhood is like, and so on. Which side of Edmonton would you like to live in? And what are some of your preferred neighbourhoods in Edmonton?
Why you’re choosing to buy should help answer these questions for you. So, think about it carefully. You may want to put this down in writing and create a needs vs. wants list.
It’s important to partner with a REALTOR® you feel completely comfortable with. A REALTOR® can help you find your dream home that meets both your needs and your budget. They will set you up with viewing appointments and also help bring clarity to the complicated process of buying a home.
You’ll want to go with an experienced and knowledgeable Edmonton REALTOR® like Amrit Hunjan, who you can be sure will represent your best interests.
Using the property search on this site and consulting with your REALTOR®, you will be able to find homes in your desired area. They’ll update you frequently regarding new listings and schedule your appointments with sellers.
Your REALTOR® can help you place an offer that the seller will either accept, counter, or reject. After you’ve negotiated an offer, you’ll need to conduct a home inspection with a certified home inspector and deal with any repairs (the cost of which you can also negotiate with the seller).
Finalize your mortgage with a visit to your lender or mortgage broker, and you’re ready to sign off on ownership. This typically takes place in a lawyer’s office. At this point, congratulations are in order!
Becoming a new homeowner is one of the most liberating things you’ll ever experience. There are many benefits to homeownership, including pride of ownership, the ability to make home improvements, building equity, appreciation—the list goes on!
If you’re looking to buy or rent a home in Edmonton, it’s important to start your search in the right place. The city offers a wide range of housing options, from trendy condos to spacious single-family homes.
By starting your search online, you can easily browse through available listings and narrow your options based on your budget, location preferences, and other criteria.
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