Take the Stress Out of Buying A Calgary Home
Buying a Calgary home is one of the main goals of many individuals. However, many also find the thought of purchasing a home to be a bit stressful. It doesn’t have to be, so let us look what brings on the stress.
The first factor that scares many is simply the money involved. A home is probably the most expensive asset an individual stands to buy in their lifetime. So it is easy to see why the money involved can be a significant stress factor. Since so much money is involved, many individuals dismiss their goal of buying a home as just ‘wishful thinking’. However, with the right advice on a home loan, the dream of buying a home can easily become a reality.
Today in Calgary Canada home loans are aty historical low rates and have made home ownership a realizable dream. All you need to get started is to take the necessary steps to fit the criteria that is set by lenders, and have enough money for a down payment. This does not take long initially, once your lender has your details of earnings etc, you will get an idea what you qualify for. After this initial talk the lender will require it to be backed up with the relevant paperwork. So first steps first, first step - its a phone call, and we have great brokers to walk you through the process.
Another stress factor for Calgary buyers is the fear of paying too much for a property. The way to avoid overpaying for a property is to work with us to study the market thoroughly. By looking at recent sold’s of comparable properties you get a good picture of the market. This is the point where our 18+ years experience in Calgary Real Estate comes in.
It is interesting that the experts say that nobody knows the top of any market, and nobody knows the bottom. But with good advice you should aim to buy in the safe zone. Unless you plan to flip your home, the value could change a few times during the time you live in it.
Which brings us to the stress of property Alberta values decreasing. And this year with the weakening oil price buyers have become more aware of this possibility. But prices have not altered that much and although homes in some cases take longer to sell, most sellers although willing to work with a buyer know the value of their property. Yes they have to be realistic, but that does not mean that everything is a fire sale. Again as we said, the purchasing of any property in Calgary should be viewed as a long-term investment.
For some buyers it is the fear of buying a “Money Pit” with problems that could be costly to rectify down the road. We always insist on a home inspection for all our buyers and advise them this professional is worth the approximate $400-$500 cost.
Licenced Calgary inspectors identify any current problems or any things that could be a problem in the future. They can walk you through it, and you receive an online and hard copy of the inspection. If the problems are significant you have options to get the seller to price adjust, or not waiver you condition and the deal collapses.
While it is true that the process of buying a home can be quite complex, with the right strategies and our 18+ years experience as guidance, it can be quite easy and straight forward. We are here to advise, and when we put all the pieces together you will see that it is much easier than you thought. And you end up with a beautiful home of your own!