Due to uncertainity in current calgary market and raising houses price in canada .Its really tough for new home buyers to get a decent house in calgary at a good price .Most of First time home buyers are confused about the whole house buying process they sometime think it so eazy to buy even knowing proper steps of home buying in canada .
Thanks to internet acess of MLS now all people can view pictures ,location ,price of house or appartment for sale .Most of the Buyers skip most important part of home buying process and they start searching homes .
www.homesdeal.ca bring you some of the best tips for new home buyer to guide them step by step to buy home in calgary.
Wouldn’t it be great if buying a home is made simple for you just follow few step and you get your dream home.
All you’d have to do is find a desirable neighborhood, hand the bank a few bucks, and you’d receive a house. Of course, the home-buying process is a bit more complicated in real life (especially for first-time home buyers), So we are here to make this journey memorable just follow our road map and the magic begins .
Step No. 1: Choose an agent who have ample amount of time for you
The first step in the home-buying process is to find an agent you feel comfortable working with on what will likely be the largest financial decision of your life. Ask friends and family members for referrals, and interview several real estate agents.
“Choose a Realtor who communicates, has your best interest at heart, and puts you first,” .In Calgary you have around 7000 realtor to help you in this processs .Santosh Rana is one of the realtor who works on your best intrest you can contact him any time .
Step No. 2: Find a lender to Borrow Money
Once you’ve chosen a real estate agent you trust to be your advocate, ask him or her to recommend lenders, either an organization or a person who will lend you money so you can buy your home.
A local Realtor® has experience working with mortgage brokers and title companies and can recommend lenders. Choosing someone to handle the financial part of the home-buying process can feel like a scary step, but choosing a lender that’s competitive on rates, communicative, and available is key. also find first time home buyer incentives ,best intrest rate and terms your realtor can help you in the process
Step No. 3: Check your credit
To Buy a house you must have good Five Good C ,one of the most important is check or build your credit .you can check your credit free of charge log on to www.creditkarma.com
where you can check your credit free of charge and improve it.
Step No. 4: Create a picture of your dream home
Once you know what your purchasing power is, talk with your real estate agent about your ideal home. Come up type of home you need ,particular layout ,design ,Location of the home and other important details about the home you must consult your realtor and tell him about your choice and desire about new home which he will keep a eye in the market and show you the best properties avaliable in your area.
Step No. 6: Search the MLS listings
Now comes the fun part: searching for homes that meet your parameters. When you begin touring homes that are on your short list, take along a notepad and jot down your thoughts as you approach each home. you can go to internet and select the homes you like also you can ask your realtor to send you the listing avaliable select the best you like and book time with your realtor to see the homes in calgary and nearby area
Step No. 7: Make an offer
Your real estate agent will walk you through the steps required to make an offer on a home in your area.he will give te best advise and guide through after the offer is accepted also like to get intital deposit to bank .
applying for mortagage and getting approved ,Home inspection and soloutions ,lawyer and other important part of homebuying like insurance ,
tep No. 8: Get final mortgage approval
Once your offer to purchase is accepted, you’ll work with your lender to get final approval for your home purchase by the date specified for the closing.
Step No. 9: Do your due diligence
The due diligence process usually includes getting a home inspection to make sure you haven’t missed any hidden problems on your walk-throughs. If issues are found, negotiate for the current owner to fix them or take the cost of repair off the closing costs.your realtor will guide you through
Step No. 10: Key hand over day
Once all of the above steps are completed, you’ll be on your way to the closing table. This is when the deed to the home is transferred from the seller to the buyer. Every transaction varies, but plan to sign a ton of paperwork. An attorney or settlement agent will guide you through the process. Then you’ll officially be a homeowner and receive the keys to your new home. Congratulation you are new home buyer in canada.
For more information call realtor santosh rana 403-400 5539 Diamond Realty and associate