4 Tips To Get Started

Are you buying a house? Whether you’re buying your first home or your fifth, here are four tips to get started.

Get started

  1. Get mortgage pre-approval. Talk to your bank to find out how much of a mortgage you can obtain. You’ll be required to provide verification of income, how much money you owe (credit cards, car loans etc.), as well as other information such as confirmation of investments or other assets. The bank reviews all your information to see if you qualify for a mortgage and if so, how much financing they will provide. You’ll have to go through this process at some point, so you may as well know up front how much you have to work with. That way you won’t be looking at property you can’t afford to buy.
  1. Know the area. If you plan to buy in the neighborhood you already live in, that’s great. But if you’re moving to a new area, take some time to learn where the shopping is, where the schools are located (in Nanaimo, sd68.bc.ca has a great map showing the various school catchment areas), and where any other amenities you want to be near can be found. Do you need to be near public transit? Is it important to be near your church or other associations?
  1. Check MLS properties for sale. By looking at these properties for sale in the area you want to live in, you’ll be able to narrow down your search. You can specify what type of home you’re looking for, a price range, and other features in the home or area that are important. If there are a few that catch your eye, tell your real estate agent and they can set up appointments to view the homes.
  1. Get a qualified team working for you! If you don’t already have one, call the Charlie Parker team at RE/MAX of Nanaimo, we have a REALTOR® who specializes in your area. A real estate agent sometimes has access to other listings that haven’t shown up on the MLS system yet, so you may get a head start on a property before other buyers know it’s available. They can also provide valuable information regarding comparable sales in the area, so you don’t overpay once you find your dream home. Our team will guide you through the entire process from offer to closing.

One of our greatest priorities on the Charlie Parker team is ensuring the satisfaction of ALL of our clients. We’ll do all we can to make sure the buying process is as smooth and stress-free as possible. Call us today at (250) 751-1223.