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Ten Steps to Buying A Home

2. Discovering Your Needs

One of the first steps toward buying your new home will be to discover your unique and diverse needs.

First, you should think about all the reasons you are looking for a new home. For example, are you currently renting and would like to have a home where you can begin building equity? Maybe you recently married and have outgrown your current residence. Or, maybe you have just gotten a promotion which requires you to move to a new city. These factors will all have a bearing on how you approach your home search. 

Second, establish a time frame for buying your new home and selling your current home (or ending your lease). The current state of the market will be a huge factor in both buying and selling your home. Slow markets are usually in favor of Buyers, but can be the opposite for Sellers. A strong knowledge of the current real estate market is essential in estimating time frame.

Last, think about what you would like your house to look like and what features it should have. It's very important to write these ideas down to avoid any ambiguity later in your home search. You should make at least two lists: one should be a list describing your dream home and the other should list the features of the home that are an absolute must have in order to buy it. In a perfect world, your new home would fulfill both lists 100 percent. It is more likely that you will end up blending the two lists into a schedule of prioritized items as you progress through the buying process. This is a natural and evolutionary process as you get clearer about what you want and what is available.

A Buyers Agent can save you time and money by putting their expertise to work for you. They will be able to help you prioritize your wants and needs based on current market conditions and affordability.

Remember, Buyers Agents are paid by the seller of the property - not you. You should always have representation in a real estate transaction to protect your best interests! Real estate law is complex and comprehensive. Those professionals who have obtained their Brokers licence have done so through hundreds of hours of training, exams and continuing education. Not having agent representation is like going into court without a lawyer!

We can help you find an agent that fits your unique personality and needs. Please complete our simple Associate Request form and we'll get back to you by email or phone (your preference).

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