Real Estate Agent in East York - Better Homes And Gardens Real Estate

Wondering Where to Start in Your Home Buying Journey? I've Got Some Tips to Get You Started

15 April 2018
Kevin Hartley

Have you gotten tired of renting and throwing your money into something that will never be an asset to you? Is your family expanding and in need of additional space? Whatever the reason, if you are considering shopping for a new home, there is no time like now to start. Let's review a few tips that can help you get ready.

Tip #1: Expect Spring to be Busy

Know that you aren't the only one out there looking for a new home and consider that people usually like to wait until the Spring thaw before getting up to their necks in house hunting. Spring will be busy as it is typically the time when markets everywhere begin to become more active. With that in mind, get ready in advance. The sooner you are prepared, the less likely it will be that you will find yourself in a bidding war.

Tip #2: Mortgage Rates Could Be Increasing

There is indeed no way to have a firm prediction on this, but there are plenty of indications that interest rates for mortgages may be increasing in 2018. If this does happen, this process is going to be more expensive. So, moving quickly and getting your mortgage approved in advance now may put you in a position to get a better deal than others who wait until later in the year to get the ball rolling.

Tip #3: Get Your Credit and Finances in Order

It is imperative to make sure that your finances are in order before you start looking for a home. A real estate agent is equipped to help you prepare necessary documents. You should also check your credit score with the major credit reporting agencies. That way, you'll know in advance if there are any issues, such as a lower than desirable FICO score, that could detract from you getting the best deal. That will also give you time to correct any issues if they exist.

Of course, shopping for and buying a home is always an exciting experience, too. If you're well-prepared, it doesn't have to be a stressful experience. When you're ready to talk to experienced professional about hunting for your dream property, give me a call. I'm here to help you find the perfect property to meet your needs.

Thanks for reading. Questions or ideas for a future blog? Feel free to contact me here.

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Kevin Hartley, Broker is a Toronto based real estate Broker with Better Homes & Gardens Real Estate | Signature Service, Brokerage. @Home is his lifestyle blog, an expression of his passion for home keeping though MAKING (Recipes), DOING (DIY), BEING (Health/Wellness) and DWELLING (Home Ownership, Sales & Maintenance).  Content not intended to solicit clients under contract.

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