As a Langley REALTOR®, I have seen how the area has developed and changed over the past 20 years. Yet, no matter how trends change or how many new properties have been developed, one thing remains the same: buying a Langley home can often feel like a stressful process. My team and I want to help you alleviate some of the stress that comes with buying a home. That is why we have come up with some simple Langley real estate home buying tips.
4 Tips for Homebuyers
No matter what type of home you are looking to purchase, house, condo, or townhouse, these simple tips for homebuyers will help you navigate the real estate market successfully.
1. Finding the Best Home for Your Needs
There are several options when purchasing a residential property: a traditional single-family home, a townhouse, a condo, or a multi-family building with two to four units. Each option has its pros and cons, so you will need to decide which type of home will help you reach your homeowner goals.
2. Finding a Home with Specific Features
While it is a good idea to retain some flexibility in your must-have list, you do need to remember that this is potentially a the biggest purchase of your life and you deserve to have that purchase fit both your needs and wants as closely as possible. Your list should include basic desires, such as neighbourhood and size, all the way down to the smaller details, such as bathroom layout.
3. Mortgage Qualifications
Before you start shopping for your new home, it is important to get an idea of how much a lender will actually be willing to give you. How much money a lender is willing to give you depends on factors like how much debt you have, your monthly income, and how long you have been at your current job.
4. Finding a Home That Fits Your Budget
In some cases, a bank will be willing to give you a loan for more house than you really want to pay for. Just like with the purchase of a new car, you will want to look at the house’s total cost, not just the monthly payment. Some of the costs that you should consider before purchasing a new home include:
- Monthly payments
- Down payment
- Property taxes in your chosen neighbourhood
- Insurance costs
- Any home improvement costs
- Closing costs
The Benefits of Using a REALTOR®
No matter what type of home you are looking to buy, or whether you are a first-time homebuyer or if you already own a home, an experienced REALTOR® can not only help you find your ideal home but also help you negotiate a reasonable offer. Working with a REALTOR® means having someone that you can rely on to help you choose the right home in the right neighbourhood.
If you would like to learn more Langley real estate home buying tips, or if you are interested in purchasing a home in the Langley area, please contact me at 604-530-0231 or by filling out a form on my website.