When purchasing your first home (or any home) there is so much to know in such a short and stressful time. See below for some super helpful advice that will save you time, money, and piece of mind!
1)Do you have a qualified Real Estate Agent?If you are a first time home- buyer, you need to know that an agent's services are paid by the seller in the vast majority of transactions. Therefore, it costs you nothing! A qualified Real Estate Agent could save you tons of time and money.A qualified agent will as a minimum provide these benfits:
An MLS sales history of the property (how many times listed/ sold/ what it sold for and when)
General and specific sales statistics for the area in question- what is the home likely worth?
Offer neighborhood insight (do houses sell fast/slow/ is the property you're looking at unique?)
What features are good for re-sale/ will hinder re-sale
Provide legal paperwork and guide you through making/negotiating/completing an offer to purchase
Walk you through an inspection report having the experience of many inspections
Provide you with moral support and the confidence of having some one extra in your corner
2) What Season is it? Purchasing a home in fall or winter often brings lesser purchase prices, as people who sell this time of year can be "left over" from the spring summer market, or motivated sellers who have to sell for one reason or another. Where as in spring and summer there may be more inventory to choose from, but the competition can be fierce driving prices up slightly. A few thousand dollars is a few thousand dollars- amiright?
3)Do you know a qualified home inspector? If not, It's a good idea to get a few recommendations from your friends, family, or Realtor and then call around ahead of time to get a feel for who they are and whether their values & expertise align with your expectations. You do not want to hire an inspector and realize mid- inspection that you're not going to trust the opinions or see eye to eye with your inspector. If you have questions about what makes a "good" inspector, message me here.
4)Did you follow up with professional opinions or quotes? This is SOOOO IMPORTANT. While having an inspection completed is a great start, home inspectors are not qulaified to give quotes for work a tradesperson should complete, or give advice as to what you should or shouldn't do next. If items of concern come up that should be completed by a tradesperson of any kind it is best practice to do your diligence and find out the extent and cost for repair or remedy of the issues. Not only does this give you an accurate cost for repairs to weigh the value of the home, it also gives a more firm stance to potentially have the seller complete some items before you move in. IE:You planned to update a bathroom, but your "minor electrical work" ended up costing $1,500, therefore you will not be able to add the value where it will be seen in the bathroom by potential buyers on re-sale, instead it was absorbed on an item already expected to be up to snuff, and essentially wasted.
at KENNEDY Real Estate We bring “Local Experience” back to the Edmonton real estate market. Every community in Edmonton and surrounding cities has its own personal flavor and energy: it’s as important to understand the lifestyle opportunities each Edmonton community caters to while also shopping attributes of individual homes for sale.
We focus on being your Area and Lifestyle Specialists to better serve the needs of our clients on an individual basis in a unique way. Just as every Edmonto n neighbourhood is different, so too are the homes within it. We customize and promote all of our Edmonton and area listings to reflect the individual attributes, special features, and character of each particular property we list.
Hey EdmontonI wanted to take moment and give a shout to this really us
"Your most memorable moment
She was very kind and generous of picking me up & bringing me to my son's home after the ihome nspection by the Inspector was done. A job & services of Anna well done for us/the clientele. I commend her as a valuable asset to your Company.
The moment you'd rather forget?
All was very good and pleasant moments with Anna during my short visit to Edmonton.
Anna Bayne was a very joyful easy to get along with and honest. A woman of integrity kind and very helpful to us. She is very professional in what she does as a Realtor agent. It's been a pleasure working with her until the deal was done. We also became FB friends. Thanks for everything Anna. God bless you & your work & your family.