Buying Real Estate in Kamloops
Be an Approved Buyer!
Have your Mortgage Lender approve your new purchase up to a certain price. This approval will be subject only to appraisal of your new home to confirm that its Market Value is sufficient to secure your new mortgage.
In addition to the peace of mind, which comes from knowing how you can spend for your new home, you will also have a distinct advantage should you find yourself in a multiple-offer situation. Your negotiating position will be much stronger then that of a competing individual who is not yet approved for their mortgage
Do Your Homework!
Become a “home value expert.” Investigate the areas and price ranges of the homes you are looking for. Research the Selling Prices of homes, which are of interest to you. How quickly did they take to sell?
The decision as to whether or not a home you like is in fact good value will be much less difficult for you to determine.
Be there First!
When you find a well-priced home in the area you want and with the amenities you want it is likely that other Home-Buyers will find it desirable too.
Your REALTOR can notify you of new listings as they come available so that if they are suitable for you, you will have the opportunity to be (among) the first to view it.
Remain Calm!
Even in a heated market it is important not to get too excited. “Act in Haste, Repent at Leisure!” The purchase of a home is the largest investment most of us make.
If you have done your Homework you will know when you have found a suitable home and whether it is over-priced or not. If you haven't done your Homework then you can rely on your REALTOR
K.I.S.S. (Keep It Simple Silly)
Your offer should be clear and concise. The “cleaner” your offer, the more interested the seller will be in working with it.
If your offer is unnecessarily complicated then your offer is far less likely to be accepted. If it is finally accepted you will likely end up paying more than if your offer had been simpler.
Don't Go at it Alone!
What you need most in today’s complex marketplace is an experienced and professional Home Buyer Specialist who represents your interests.
No matter how heated the competition, or the negotiations, a professional Home Buyer Specialist will represent your best interests, keep you from paying too much, and help you maximize your investment.
