Five Things Everyone Should Know Before Buying a House

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Five Things Everyone Should Know Before Buying a House

Canada NewsWire

Three Best Rated® sits down with two of their award-winning realtors to learn what everyone should know before buying a house.

VICTORIA, British Columbia and WINNIPEG, Manitoba, March 15, 2019 /CNW/ -- Buying a home can be a confusing, stressful process. With so many homes on the market, it's only natural that a potential homeowner can get lost, overwhelmed and even buy the wrong home. That's why Three Best Rated® sat down with two great realtors - Ron Neal of The Neal Estate Team and Gino Cipriano of Royal LePage Prime – to pick their brains on what to look for when buying a house. Without further ado, here are five things everyone should know before buying a home.

1. Get recommendations and referrals

From a realtor to a mortgage broker to a home inspector, a home-buyer will need a decent amount of professionals. Family, friends and co-workers can be great tools to help find the perfect professional, but a potential homeowner shouldn't rely on just that. "Do your own due diligence and research for yourself," Gino suggests. "Look at online reviews, look at social media or, even better, call in a few professionals and interview them for the job." Three Best Rated can also be a great starting point for finding various professionals.

2. Know the budget

While this is a no-brainer, buying a house has a lot of costs that may not appear on the "sticker price." Ron suggests a potential homeowner gets a rough idea how much they're qualified for and how much they are comfortable with spending before seriously looking at houses. Another thing people tend to overlook is their monthly payments. "Sometimes if your perfect forever family home is $10,000 more," Gino says, "but your monthly payments increase by $50, it may be worth your consideration." When actually starting the purchase process, Ron suggests doing their due diligence to create an accurate estimate of all closing costs and operating costs. These factors can cause a house to be a little outside the agreed upon budget.

3. Have the House Inspected

"The most important thing to know before buying a home is 'Caveat Emptor,' Latin for 'Let the Buyer Beware,'" Gino says, "especially if it's a resale home and not brand new through a builder or a developer." When someone buys a home, they are responsible for all of it. If the roof leaks or the fuse box keeps tripping, the homeowner has to fix all of that. To lower risk, the buyer should have the home inspected before buying it. An inspection can save a potential homeowner a lot of headaches and money in the future. In general, Ron suggests that a potential homeowner knows the condition of the home and estimated maintenance and repairs it will need.

4. Pick a great location

Obviously great is going to mean something different to everyone. Ron suggests asking "Does this location make sense for your lifestyle?" If the answer is no, then it might be time to look at a different house. A house is a long-term investment and if the location is terrible, it will be easy to become dissatisfied very quickly. Another aspect of picking a great location is the house itself. "Different areas with different supply and demand can yield a much different home," Gino explains. "We always recommend our clients to view homes in multiple locations." Some areas will have older homes and styles, while others will be more modern.

5. Be ready to compromise

Unless a potential homeowner can build a house from the ground up (and pay a lot!), any house they purchase will most likely not have everything they want. Gino suggests making a list of "Wants" and "Needs." "It allows you to set, or reset, your priorities and see the big picture," he explains. "Generally, the 'Needs' list turns into the 'Must Haves' and the 'Wants' list turns into the 'I Can Live Without' list." A potential homeowner will want to make sure they have these lists before they start seriously looking at houses.

About Ron Neal

Ron Neal started his career as a Realtor in 1991. He is the founder of The Neal Estate Team, priding themselves on their innovation, customer service and community service. As a father of two boys, he loves living in the family-oriented community of Victoria. "I am immensely proud that we helped over 4,000 families to make their homes here in Victoria and we are all excited to help many more in years to come," Ron says. He has been recognized by Three Best Rated® as one of the top three real estate agents in Victoria.

About Gino Cipriano

Gino Cipriano has a background in sales, management and marketing, which has proven valuable in real estate. Today, he is a realtor with Royal LePage Prime. He works with Royal LePage Shelter foundation to support women and children fleeing abuse and works with Hull's Haven Border Collie Rescue. Gino Cipriano delivers honesty, experience and compassion. He was recognized for his excellence by Three Best Rated® and was named one of the top three best real estate agents in Winnipeg for 2019. 

Related Images

ron-neal.png
Ron Neal
Ron Neal is an award-winning realtor located in Victoria

gino-cipriano.jpg
Gino Cipriano
Gino Cipriano is an award-winning realtor located in Winnipeg

image3.jpg

Related Links

Gino Cipriano

Ron Neal

SOURCE Three Best Rated

View original content: http://www.newswire.ca/en/releases/archive/March2019/15/c0265.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).