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• GETTING READY TO PURCAHSE • SCHEDULING YOUR FINANCES • ANALYSING HOMES • MAKING AN OFFER • CLOSING THE PURCHASE • First Time Home Buyers

GETTING READY TO PURCAHSE

Home purchasing can be a scary and difficult practice. But with Royal Lepage Flower City Realty Inc. at you side, it will e an easy and calm process. Remember, we will work for you and always look for your best interest.

Royal Lepage Flower City Realty Inc. helps you to find what you are looking for as follows:

1. Be sure that you are prepared to purchase
If you are going to buy a home, you have come to just the right place. Our website will turn you into master in the field of house searching. But before making any conclusion, be sure that three things are ready: you, your bank account and the property market.

A.) Are you prepared for the deal? Be assured
No delight can match the pleasure of owning your personal home. But there are also few responsibilities of owning a home like financial burden, both to purchase the home and subsequently its regular care and that is the real satisfaction of owning a home is all about.

B.) Be double sure that your bank account is all set.
Purchasing your home will be the first and probably the biggest financial obligation you have ever faced. You must have preferably saved up some money for this auspicious day and you must be able to find out how much you can afford for a down payment after managing other debts like students loan or credit cards etc.

C.) Whether the time is suitable to purchase?
Real estate market is so susceptible that even the smartest expert cannot forecast the mood of the market i.e. when there will be a boom in the market or when there will be a decline in the rates. Always consider the type of investment you want to make in the property Short term or Long term. Always go for a home that meets your family's requirements. In this way only, you will be able to enjoy living in your investment as it grows in value.

2. Always make a decision what kind of home you want to purchase.
Currently, there is a wide range of homes to choose from and also there are advantages and disadvantages of each home. Always consider your living standards and what best suits for that standard. There are various options to decide:

Firstly, decide where you want to live
(i) Metropolitan or Urban cities: Urban cities are very big with expensive and large homes with all kinds of modern facilities. In a big city, you will have restaurants, big hospitals and a wide range of offices for employment. Also, big cities have a wide range of housing options.

(ii) Suburban: Most people love the suburbs due to many facilities like latest school, shopping centers, bigger yards, bigger homes and much more.

(iii) Smaller Cities and Towns: Canada is spread with thousands of magnificent independent populations and also compared to big city, one can save a lot.

(iv) Countryside: This is a suitable idea if you are thinking of purchasing few acres of land for yourself. Although, there is not an isolation for all, but surely it is a paradise for some.

Secondly, make up your mind what type of home you want.

By this time, you might have a good idea what type of home is suitable for you. Various kinds of home can be:

(i) Single-family disconnected: As the name suggests, the home is not connected to the adjoining home. Styles of such home are single-storey expensive cottage or lodge, three-storey Victorian.

(ii) Semi-disconnected or connected: Two houses that shares a common wall. Generally, inexpensive as compared to fully disconnected home.

(iii) Duplex: A building zoned for two neighbors or families.

(iv) Town house: This is also known as porch or row housing. There are several houses of same style and joined in a line. These generally share walls on both sides.

The condo substitute
• How condos are possessed
There is another style of house which is 100% your unit along with a share of common areas including necessary plumbing, electrical systems, hallways and elevators. This also includes various types of amusing stuffs like a private gym or party room.

• Member fees for privileges with costs
In addition to your mortgage and property taxes, condo owners also pay a monthly fee to activate and preserve the common areas. Get assured to see the condo fees and how they are controlled, before signing the agreement.

Do you want to purchase a new home or a second hand home?

Second hand home:
Second hand homes as older are very attractive and eye-catching. To add, the previous proprietor might have made enhancements and improvements which you will get along with the house and this is a bonus for you as you have to spend much money to put them in yourself. However, same in not the case with every home as you can get various problems like leaky roof which you have to get repaired. Thus, always consider what you are going to get.

The new home:
Whenever you are going to purchase a newly built home, always inspect everything from the design to the style of building the property cautiously. If necessary, visit other homes constructed by the same company. Always accompany your lawyer and representative from Royal Lepage Flower City Realty Inc. to review everything before signing. Whenever you are getting your home constructed, always keep a watch on the whole process. Moreover, it is your legal right to make a full inspection of the home before accepting it from the builder.

You have identified what you going for, but let's talk about yo0ur requirements:
If you are getting out of a two-bedroom apartment because it's too small, then it is better that your new home should have at least three bedrooms, and probably a second bathroom. Royal Lepage Flower City Realty Inc. Call these must-have features "requirements". Characteristics you'd like to have are called "wants". Your plan should be to find a home within your pocket which can accomplish all or most of your requirements and as many of your 'wants' as possible.

3. Selling your existing home
Various people cannot hold onto more than one home at one time and hence it is certain that you need to sell the one you are possessing at present before buying a new one. In this case, always double check our exceptionally helpful selling section also. Here is a quick general idea about the same for your reference.

When should you sell?
• What is Buyer's and seller's markets
When there are less homes for sale as compared to demand in the market, it's called a 'seller's market' and when the demand is less and there are lots of homes for sale, it's called a 'buyer's market'.

• Are you waiting for the market to get better?
No need to wait, if you're selling one home and buying another. If you are selling your existing home for a low price, you're probably also buying the new one at a low price.

• Thinking of Season to selling. Do sales depend upon the season?
Yes, it's correct. Colder weather sales tend to be slow, and in the springs, sales are quicker.

• If you looking to sell without delay
Ask Flower City realty Inc. for help to ascertain the price and for making your home look eye-catching, without making you look worried.

Should you purchase or sell first? The everlasting question
Many people are capable of matching the time for their sale and purchase on the same "closing date". When you are purchasing, you can make your offer "provisional" after the sale of your current home, so that you do not have to pay for the maintenance of two homes. Also, at the time of selling, you can ask for extension of the "closing period" to that you have more time to find your next home.

Whether to Sell it yourself or ask Royal Lepage Flower City Realty Inc. to sell on your behalf?
As people cannot repair their own cars nor they can do their own dental work, it's wise to procure the services of a professional when selling your most precious asset. Property dealings are difficult, lengthy and involve a lot of legal documents. Royal Lepage Flower City Realty Inc. is educated and highly encouraged to help you get the most for your home. Hence, before going alone, it is worth to know what Royal Lepage Flower City Realty Inc. can offer.