Blind Bidding
It is important that you study the market before you place a
bid. It will help you figure out if the seller is asking the right price or
not. Without proper market research you could easily bid a lot for a house or
you could bid too low.
Buying the Right Home
As a buyer, it is very easy to be swept away by all the
excitement and emotions of buying a new house. You might make a hasty decision
and end up with a house that is either too big or small or too far from work.
And by the time you realize that you made the wrong decision, it might be too
late. Before you go to a real estate agent in Ottawa make a list of the things
that you really need in your new home. Follow all the steps that are necessary
when you buy a house before you sign on the dotted line.
Clear Ownership
Before you sign the ownership papers make sure that you are
the sole owner. You do not want to deal with any tax liens, leases, easements,
or undisclosed owners. Have a complete title search before you sign the papers.
Accurate Survey
Make sure that you have a copy of the updated property
survey that clearly marks the boundary of your property. If the survey is not
updated, you will see that there are structural changes that are not shown.
Make sure that you carry out a thorough inspection of the house. By hiring a
home inspector you can find the different faults that are present. Remember
that the seller is also there to maximize his profit so you need to take all
the necessary precautions.
Pre-Approval on Mortgage
Many buyers make the mistake of not getting a preapproved
mortgage. A pre-approval on your mortgage helps you shop for a home without
worrying if you can afford it or not. It is not only free, but also convenient
for you and your real estate agent.
Covered Costs
You need to identify all covered costs. You will be
surprised at the number of costs that will come up when you close the
transaction. Talk to your real estate agent and ask them about all the hidden
costs. Make sure that you see all the paper work before you close the deal.
Your Ottawa real estate agent will help you avoid all these
mistakes and many more that you might make unknowingly. Contact Bennett
Property Shop today and talk to the best real estate agents in the city.
Visit www.bennettpros.com for all your real estate needs
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