No matter if you are planning to purchase a home in 2017, 2018, or any time after that, the fact is that the process of buying properties is a learning experience because there's a lot of things consider - things that you may not be accustomed to. The tips provided below will help you to not only learn about the steps before buying a property but map out a strategy which will help you make educated decisions before you sign and commit to anything.
The first thing that you need to do before searching for homes for sale in Calgary is to view your credit score. This is important because if you don’t know your credit score, there may be incorrect items that the major credit bureaus are listing about you, so it's best to take the time to review your score now and resolve any inaccuracies on your credit reports before you apply for a mortgage loan. One of the best Canadian credit bureau service provider is Equifax.
First Settlement - Before the arrival of Europeans, the area was inhabited by the Blackfoot, Blood, Peigan and the Tsuu T'ina First Nations peoples, all of which were part of the Blackfoot Confederacy. In 1787, cartographer David Thompson spent the winter with a band of Peigan encamped along the Bow River. He was a Hudson's Bay Company trader and the first recorded European to visit the area. John Glenn was the first documented European settler in the Calgary area, in 1873. (source)
After reviewing your credit score, the next thing that you would need to do is to get pre-approved for a mortgage loan. This is important because pre-approval means that you will know the exact home that you qualify to purchase. Knowing this information will also save you the time and hassle of trying to purchase a home that you cannot afford.
Once you've been pre-approved for a mortgage loan, the next thing that you need to do is start searching for a property that you could see yourself living in for the next five to seven years.
This tip is important because not selling in a home for at least seven years will enable you to build up equity and also to ride out any potential downturn in the Calgary real estate market.
The statistic says that if you have a young family, you should be searching for at least a 2,000 square feet 3-bedroom home, with 1+ baths, which is located in a safe neighborhood and a school nearby, and most importantly close to your work.
Do you plan on adding on to your family within the next 5 years, or inviting your parents to live with you? If so, you should look for a long which offers you plenty of room to grow. However, if you cannot find a home with enough space or room to Grow, you should search for a home which offers you the ability to add on to it later on.
Although you may be searching for a home with specific features (like granite countertops and other finishes), you need to stay flexible and realize that not every home will have exactly what you're looking for but, that doesn't mean that you can't add the featured items at a later time.
Another important tip when searching for a new or pre-owned home for sale in Calgary Alberta is that you should be searching for a home which matches the type of your lifestyle.
- What does this mean?
Let's say that you are single and enjoy staying active on the weekends by either snowboarding or skiing during the winter months, mountain biking, hanging out with friends, or engaging in other activities within the city and its surrounding area.
In this case, it wouldn't make sense for you to purchase a large single-family home (unless you wanted to) because that large home would require a lot more maintenance compared to a low maintenance townhouse or condo.
You should also think about your personal choices and tastes when buying a home.
For example, if you don't like sharing walls with neighbors, it wouldn't make sense for you to buy a condo or townhouse, because you may be upset and frustrated by your neighbors’ noise.
Buying a home which matches your lifestyle will save you and your Realtor® the time, money and hassle of searching through listings on the Calgary MLS multiple listing service site which wouldn’t be a good fit for you and your family.
Make it a priority to visit the neighborhood in the morning, afternoon, and evening to get a good feel for who your neighbors would be, the overall safety of the neighborhood, and the activities which occur within the communities, so you can feel confident that the home would be the right one for you.
Do some quality due diligence by researching on Google what recent buyers are saying about it. Find and read related posts on Google, Facebook, Twitter, and other online platforms. Learn about the City (or county) services are included in your property tax. All these things will matter to you and your family when you do start living there.
Sometimes, it's entirely possible to purchase a beautiful home that's and is selling for an excellent price, but the reality is that if it’s in a high crime or economically depressed neighborhood, and these are the reasons why the seller cannot sell the house for more money.
If you don’t have the time to do your own due diligence, ask your realtor to give you that information. Realtors are happy to provide you with any information you need to make an educated decision and be happy with your choice.
All our real estate professionals are members of the Canadian Real Estate Association (CREA). Contact us today, and we’ll be happy to assist you with any questions you may have. Your privacy is guaranteed.
Finding your dream home is just a click away, start your search! Search Now
I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!
When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.