Buyer Tips

TIPS FOR BUYERS

Buying real estate in Penticton can be exciting but sometimes overwhelming. There are many steps to buying a home, from finding the the home, securing the mortgage, to signing the papers and finally moving in. For most people, buying your first home will be the largest investment you will make in your life, and making a purchase this large can sometimes cloud your judgement. Here are some tips that will make the process of buying Penticton real estate a little easier.

IMAGINE THE PENTICTON PROPERTY VACANT

Your furniture and decor will be the items filling up the new home. So don’t be persuaded by the previous Penticton home owners beautiful furniture.

INCOME + LIFESTYLE = MORTGAGE PAYMENT

Sit down with your Penticton real estate agent and discuss your income, finances, and living expenses. Take your future into account, like children, add-ons to the home, amenities, and renovations. Your dream home in Penticton is definitely worth a financial sacrifice, but don’t mortgage your entire future.

VIEW SEVERAL PENTICTON HOMES

See at least 7-10 Penticton homes. Don’t take too long when viewing homes, but don’t fall in love and purchase the first home you see. With your Penticton realtor’s help, you should be able to view enough homes to get a good overall view of the market at the time.

UTILIZE YOUR TEAM

By teaming up with the right Penticton real estate professional, you will have the right people in your corner. Utilize your lender, title rep, and Penticton agent. Each of the will work together for your benefit. Explore all the options before you sign.

BE A DETECTIVE

When purchasing Penticton real estate, it is important to check all costs and expenses before you sign anything. Make sure you look into the taxes, utilities, insurance, maintenance, and home owner dues if applicable. Make sure when doing the walkthrough that all utilities are working and turned on, so that you can inspect them. Also ask many detailed questions.

DO A FINAL WALK-THROUGH

Pay a visit to the Penticton property after all furniture and boxes have been moved out of the home, so that you can make sure there are no hidden surprises. Make sure that the property has been left exactly how it was agreed upon in the contract. Things that get spotted in a final walkthrough are generally unintentionally overlooked by the seller.

PLAN FOR FLEXIBILITY

Closing dates are not always written in stone so make sure you have a back-up plan in place. If you or the Penticton sellers need a little more time to conclude the final arrangements, don’t let these delays frustrate you, as this is quite common when buying Penticton real estate.

IF IT'S NOT IN WRITING, IT DOESN'T EXIST

Make sure everything is in writing, this includes any promises made by either party. Do not assume anything or believe any assurances by the seller, cause even the best of intentions can be misconstrued. Have your Penticton real estate agent keep notes on all discussions, and get the seller’s written approval on all agreements.
IF YOU ARE LOOKING TO INVEST IN RESIDENTIAL OR COMMERCIAL REAL ESTATE IN PENTICTON BC, CONTACT  PETER BYRNES TODAY FOR ALL OF YOUR REAL ESTATE NEEDS!

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