An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel like a party!

In an environment like that, it’s not unusual to forget to ask important questions about the property. Here are some of the most common:

• How old is the roof?

• How old is the furnace, air conditioner and other HVAC equipment?

• How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too       high.)

• What are the characteristics of the neighbourhood? (Amenities, safety, traffic, access to public transit, property     turnover, etc.)

• What doesn’t come with the home? (Ask specifically about kitchen appliances, gas-connected BBQs, chandeliers,   window coverings.)

• Are there any potential impediments to the sale? (Tenants, outstanding liens, etc.)

• Are there any outstanding maintenance issues, or repairs that need to be done? (For example, cracked ceramics on   the foyer floor.)

• Are there any issues that impact the full use of the property? (Ask specifically about shared driveways or walkways,   public “right of way” through the property, water drainage rights from neighbouring homes, etc.)

Yes, an Open House can feel like a frenzy, and if it’s a home you love, you might feel pressured to make an offer. But, it’s important to take the time to ask the right questions and consider your decision carefully. You don’t want to find out, too late, that there were questions you should have asked.

Want more tips on finding the home of your dreams? Call today.

Thanks,

Aaron & Michelle

 

You probably don’t realize that the Rent you pay is probably the same or it might even be a bit more than a mortgage payment . . . . so call us to find out.

 

Why pay someone else’s mortgage when you can own your own home?

 

Some things to consider before you buy:

 

• Do you have a stable job with steady income?
• Do you have a down payment saved up? 
• Do you have access to a down payment? Which can be as little as 5%

 

 If you are renting and think you can’t afford a home of your own . . . .THINK AGAIN!

Buying costs significantly less than renting in the long run.

 

As a renter, your monthly costs may not be very different from that of a condo owner.

 

One of the biggest advantages of owning a condominium is building equity each month as a property owner. You will build equity 100 percent faster than if you were renting an apartment, since renters can’t build equity at all in property they don’t own.

 

Either way you are paying a mortgage, so why not have it be YOURS?

 

Fill out the form below to find out...