When purchasing real estate, you’re faced with a variety of decisions to make; and at times the home buying process can be complex and tiring. But don’t worry - once you’ve determined that you’re ready to move forward with your goal of investing in a Shuswap property, the rewards of growing your real estate portfolio for personal or investment purposes are definitely worth putting the effort in for!
So, what are the best ways to get into the fast-paced 2021 real estate market? Consider the three tips below to help make your real estate experience go as smooth as possible.
TIP #1 - UNDERSTAND YOUR HOME BUYING GOALS
Your first step to buying a home is to ask yourself why you want to buy a home in the first place. Is it more favorable to pay a mortgage than rent? Are you looking to begin building equity? Do you want to purchase property to create an income stream? Are you searching for a great space to raise a family? Determining your goals will help you create a list of what kind of home you'd like and which area you want to settle yourself into. Be as specific as you can; separate the "must haves" from the "want to haves", so you have a clear picture of your real estate goals.
TIP #2 - MORTGAGE LOAN PRE-APPROVAL
Once you know more about why you want to get into the Shuswap real estate market, your next step in the property purchasing process is to get pre-qualified with a mortgage loan. Working with a professional mortgage broker, this can be done over the phone or even online in a matter of minutes, depending on if you have all the necessary information on hand. When you have your pre-approval amount, you’ll be able to determine a realistic budget for your home search. As well, since it’s been a seller’s market for the last several months, having your mortgage pre-approval in-hand helps sellers know you’re serious about making an offer.
TIP #3 - GET A GREAT REALTOR®
Now that you have your pre-approval and know what price range you’ll need to stay within, the third tip is to enlist the help of a fantastic Shuswap REALTOR®. You want your real estate agent to be very familiar with the current homes on the market and to know independent neighbourhood values, so they’re able to help you determine which properties are fairly priced. After all, purchasing a home is one of the biggest investments you’ll make in your lifetime; you want to make sure you’re in good hands with a professional who provides knowledge, communicates clearly and with someone who has experience.
I’d love to earn your trust as your chosen REALTOR®. My top priority is to make sure that your home buying experience is pleasant, cost-efficient, and successful. Connect with me today at 250.832.7051 and let’s discuss your unique real estate goals.