3 Things to Be Aware of When Buying a House

Learn the Most Common Things to be Aware of When Buying a House

Are you planning to buy your first home in Oshawa, Ontario? Or maybe you haven’t gone through the home buying process in a while? If you’re a home buyer in either of these scenarios, there are a few things to be aware of when buying a house.

At Your Home Sold Guaranteed Realty of Ontario, we believe in arming home buyers with the knowledge they need. If you’re looking to purchase a home in Oshawa, Northumberland, or the Durham region, we can help you. We have the resources to help you make an informed decision, whether it’s your first time buying a home or you have previous experience with the process.

3 Things to Be Aware of When Buying a House

What to Know When Buying a Home

Buying a home in Oshawa is a significant investment. If you are unfamiliar with the home buying process, you risk falling into several traps along the way. This could end up affecting the success of the purchase.

A systemized approach to home buying can help you recognize common homebuyer traps. That’s why our real estate team has created a guide to The 9 Most Common Home Buyer Traps

In this report, you’ll learn how to set your goals for a new home and then stick to them. That way, you can avoid getting swept up in your emotions and focus on finding a home within your budget that fits all your needs.

By following the tips in this report, you’ll be able to cut costs, make decisions more easily, and find your dream home with as little stress as possible. To download your free copy, simply click here.

3 Things to Be Aware of When Buying a House in Oshawa, Ontario

1. Negotiating Without Research

 How can you tell if a seller’s asking price is too high or just right? Should you negotiate on a home? If so, what price should you offer?

Before buying a home in Oshawa, Ontario, or the surrounding area, you’ll need to do some research on comparable homes.

Observe the prices of recently sold and currently listed homes in the area. Your real estate agent can help you collect enough information and decide on a negotiation strategy.

You could fail to make a competitive offer without knowledge of a home’s true market value.

2. Not Getting Pre-approved For a Mortgage

If you have a healthy financial situation, then the mortgage pre-approval process is pretty fast and easy. Getting pre-approval is one of the first steps you should take before making any offers on homes. 

This is because it helps you stand out from other buyers looking at the same home as you. In addition, many real estate agents only show homes to buyers that are already pre-qualified for a loan. 

Getting pre-approved also gives you a sense of freedom and security because you can make sure to stay within your budget. That way, you don’t end up making an offer on a home you can’t take out a loan for. 

You can use our free mortgage calculator to see how much you can afford to spend on your new home.

3. Cutting Costs on a Home Inspection

One of the top things you should be aware of when buying a house is its condition. Don’t assume that every home seller has taken the time to do a pre-inspection.

Instead, it’s up to you as the buyer to inspect the condition of the home by hiring a professional home inspector.

If there are any issues or repairs needed for the home, they’ll be able to point them out and give you an estimate of the associated costs.

If the inspection does turn up any repairs, you can use this to your advantage during negotiations to get a better deal. 

Our Real Estate Team Can Help You Buy a Home in Oshawa, Ontario

At Your Home Sold Guaranteed Realty of Ontario, we can help you learn what things to be aware of when buying a house in Oshawa, Ontario. We’ll walk you through each step of the home buying process so that you end up with a home you truly love.

We offer several guarantees for home buyers who work with us. This includes our “Buy it Back” Guarantee, which allows you to return your home in the unlikely event you’re unsatisfied with the purchase.

To learn more about our guarantees and what it’s like buying a home with us, call us at (905) 440-0505, or fill out the form below for more information.

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