Thinking of Buying a Home?
Whether you’re buying your first home or your fifth, here are a few tips to get you started.
GET MORTGAGE PRE-APPROVAL
Talk to your bank to find out how much of a mortgage you can obtain. You’ll be required to provide verification of income, how much money you owe (credit cards, car loans etc.), as well as other information such as confirmation of investments or other assets. The bank reviews all your information to see if you qualify for a mortgage and if so, how much financing they will provide. You’ll have to go through this process at some point, so you may as well know up front how much you have to work with. That way you won’t be looking at properties you can’t afford to buy.
KNOW THE AREA
If you plan to buy in the neighborhood you already live in, that makes planning easier. But if you’re moving to a new area, take some time to learn where the nearest shopping is, where the schools are located (in Nanaimo, www.sd68.bc.ca has a great map showing the various school catchment areas), and where any other amenities you want to be near can be found. Do you need to be near public transit? Is it important to be near your church or other associations?
By looking at the MLS listings in the area you want to live in, you’ll be able to narrow down your search. You can specify what type of home you’re looking for, a price range, and other features in the home or area that are important. If there are a few that catch your eye, tell your Realtor and they can set up appointments to view the homes.
CALL THE MILLER REAL ESTATE TEAM
The Miller Real Estate Team will guide you through the entire process from offer to closing.
For the Miller Real Estate Team, one of our greatest priorities is ensuring the satisfaction of ALL of our clients. We’ll do all we can to make sure the buying process is as smooth and stress-free as possible. Call us today at (250) 751-1223.