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Buying a home can be one of your most significant
investments in life. Not only are you choosing your dwelling place, and
the place in which you will bring up your family, you are most likely
investing a large portion of your assets in this venture. The more
prepared you are at the outset, the less overwhelming and chaotic the
buying process will be. The goal of this page is to provide you with
detailed information to assist you in making an intelligent and informed
decision. With our skills, experience, and knowledge, we can make your
buying experience pleasant and enjoyable. Remember, if you have any
questions about the process, we are only a phone call or an email away!
Secrets - Nine Deadly Sins to
Avoid When Buying
Let's face it, buying a home is a major expense. But why make it
more expensive than necessary? Play the buying game right and
you can cut costs AND buy the home that is best for you. Here
are nine, common and costly pitfalls to avoid:
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The Wrong House
Choosing the wrong house is a costly mistake. It may be too
big, too small, too far from work, or is a fixer-upper and
you're just not the handyman type.
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Bidding Blind
Some buyers offer a contract above the true market value of
the property, or fail to bid on a great value because they
don't know the market.
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Title Trouble Traps
A title search may reveal encumbrances on the property title
like tax liens, easements and so on. Have the title search
done early.
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Survey Surprises
A property survey may show the lot boundaries are different
from the property plan, a neighbour's fence is over the line
or zoning regulations have been violated. Ask to see the
seller's survey and have your new survey done early.
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No Home Inspection
Avoid surprises by having an independent home inspector
check the house both inside and out.
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Pre-paid Shockers
Some items such as property taxes get pro-rated. Avoid
inaccuracies by asking for these figures a day two in
advance and check the charges.
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Seller Slip-ups
Repairs not made, items that fail to convey, or other
contractual hang ups can delay settlement.
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Hidden Junk Fees
Some lenders add questionable charges at closing that you
were not made aware of. Avoid these fees by asking the
lender at application time exactly what fees are included,
and what fees can be reduced or waived.
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Closing Rush
Insist on seeing the settlement sheets the day before
closing. You will avoid last minute problems. Don't get
trapped in a "too close" closing.
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 Buying
New Versus Resale
The choice between buying a new
home and a resale home is a matter of weighing the pros and
cons, and deciding what is right for you. For example: New homes
are yours from day one. You do not inherit a previous owner's
tastes and design ideas. However, new homes may require
additional cash outlays for landscaping, window coverings and
appliances. New homes are subject to GST, resale homes are not.
Things
You Better
Know About Purchasing
The Homes In
Guelph Team offer 20 TIPS that homebuyers should know
before going house-hunting. For example: Who has the best
interest rates in the mortgage field - bankers or mortgage
brokers. Another example: What can I have included in the sale?
Are there any exclusions?
Seniors:
How to Decide
When to Sell
Housing needs change throughout
our lives. As we grow older, there comes a time when we must
think about our housing needs and explore ways to save money on
housing costs. For example: As a senior, are you over housed.
Are you paying more than you want for taxes, utilities and
maintenance. These are serious concerns for seniors.
The Homes In Guelph Team offer you
salient tips on what you should consider when re-thinking your
housing needs.
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