Let Me Help You Every Step of the Way.
When purchasing a home, you are faced with a multitude of decisions. Finding that perfect home is sometimes not an easy task.
Assisting you every step of the way, I'll make the process of purchasing a home in Vancouver easier, more enjoyable and less time-consuming than if you undertook this challenge on your own. I'll help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale in Vancouver that match your specifications, and guide you through the "fine print" of the contract of purchase and sale.
Having sold homes in Vancouver now for over 23 years, I have my finger on the pulse of the Vancouver real estate market, and know neighbourhood values inside and out. I will help you determine which properties are fairly-priced and in good condition before you start your search.
Your First Step - Why Now?
Your first step in the home-buying process is to define the reasons why you want to purchase a new home. To stop paying rent? To start building equity? To have a place of your own? To raise a family? To move up to a bigger house?
Develop a needs vs. wants list. Everyone has a picture of their ideal home. This home would include all the features you not only need, but have long desired. However, when it comes time to buying a home, these desired features constitute additional costs. Take into account your stage of life, your family needs, and your price range and be realistic.
Begin the list with items you absolutely need like adequate room, garage space and number of bedrooms. How much space do you really need? Does your situation require a one-level home, or are stairs acceptable? Basic needs should be considered first. After these have been established, you can consider additional features if you can manage these benefits financially. With such a list in your hands, you're less likely to be caught up in the excitement of the pursuit.
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (West Side, East side, North Shore); neighbourhood (older and settled or brand new). Check out the neighbourhoods you're considering, and ask around. What amenities does the area have to offer? Are there schools, churches, parks, or grocery stores within reach? Consider visiting schools in the area if you have children. How will you be affected by a new commute to work? Are there infrastructure projects in development? All of these factors will influence the way you experience your new home, so ensure you're well-acquainted with the surrounding area before purchasing. To learn more about what to look for in a new neighbourhood, please visit my Special Reports section!
Your Next Step: Loan Pre-Approval
Get your financing arrangements pre-approved with a Vancouver mortgage company. While getting pre-approved may sound daunting, it actually just involves getting an idea of what you can afford. When you're pre-approved, this means that a lender has reviewed your credit history, verified your assets and employment, and has approved your loan. This should be done at the start of your home search process.
Pre-approval gives you substantial leverage: sellers immediately see you as a serious buyer. Not only will you know the exact price range you can afford, but you'll also be able to negotiate a better deal and move more quickly when you see a Vancouver house you like. Depending upon market conditions, a seller may lean towards an unconditional offer, so you'll have less negotiating power if you have to wait for mortgage approval. Be aware that the lender has to approve the actual property as well, especially when buying a condominium.
Contact me and I'll be happy to refer you to a Vancouver mortgage professional with an excellent reputation and track record for successfully acquiring loan approval for his/her clients.