What type of buyer are you?

When you want to buy a property, it must determine the type of buyer you are.

Are you about to make your first purchase?

Buying a first home is an important step in life and is both a great moment of happiness when you walk through the door of her new home for the first time, but also gives moments of stress before.

That is why to use a broker will allow you to streamline your purchase and will also allow you to have the right advice for works and trap to avoid. Nothing is worse than buying a house and ending up with works that had been underestimated see not seen, or expenses that we had not considered.

Are you an experienced buyer?

Although you do not get your first acquisition, real estate, it does not mean, however, that you know all the workings of purchase.

Have you thought about making you pre approved by your financial institution? Do you have the ability to determine work to be done to exploit a property to its fullest? Have you considered buying a larger property or farther anticipating the capital gain on resale?

Would you like to buy a seat in the housing?

When one wishes to buy and especially for the first purchase, it is to live his property.

Do you know that if the property is occupied by a tenant there is a legal time limit before the renewal of the lease? The housing authority initially protects tenants and therefore your rights as owner are less important.

Would you like to make an investment?

If you buy for a rental investment, two factors are taken into account.

* The price purchase and the loan amount to do.

* The amount of rent.

The goal is to have rents that can cover the amount of mortgage repayments.

Moreover, although the investment does not always focus on a condo unit, it is preferable from the search of the property to think that some of the rents will be set aside on a separate bank account in order to build the equivalent of a contingency fund, in case it would make repairs or improvement of the property.

Back