3 Major Reasons Why Owning A Home Makes Sense
If you’ve recently decided to make the transition from renter to homeowner, you are about to make an important investment in your long-term financial well being. Still on the fence? Consider the following benefits. Owning your own home can allow you to:
Deciding to Buy
To buy a home, you need to be prepared and we are here to help you. Here are a few things to consider:
- Define your needs and wants – make a list of the things you simply can’t live without, like the number of bedrooms and bathrooms your family needs, proximity to schools and work, or storage needs. Then list some nice-to-haves: maybe a pool or deck, finished basement or mud room. This will help you further down the road when you start looking at homes
- Brush up on types of home ownership – make sure you know the difference between freehold (it’s all yours), condo (you take care of the inside and pay fees to an association to look after the common areas and maintenance) and co-op (similar to condos but instead of “owning” your unit, you buy shares in the whole building and pay maintenance and repair fees)
- Understand market conditions – supply and demand can change from neighbourhood to neighbourhood, region to region. So, getting to know the market can help you get more bang for your buck. And so can your Real Estate agent
Which leads to Step 2…
FAQ – Common Buyer Questions
Why would I bother to use a Realtor when I have access to realtor.ca?
Because, if you don’t, you will be seriously disappointed. In this fast-paced real estate market, Buyers who choose to use only realtor.ca or local newspaper ads are missing out on properties every single day! You need a dedicated and committed Realtor to work for you so that you are aware, every minute of the day, of new properties on the market. The TAN Team will ensure that you are notified within hours of a property being listed. By using The TAN Team, you will be among the first to view a property of interest – we guarantee it!
How is it that some people seem to know about a property before I even see it on mls.ca?
First a property is listed with the Real Estate Board (the system that Sales Representatives use to find properties for their clients). Then, the Sales Representatives will likely erect a sign. It can be as long as a week before that property shows up on realtor.ca. By then, it could be sold. To make matters worse, the sale of the property may not be reported to realtor.ca for as much as another week to a month. If you are depending on realtor.ca, lawn signs or newspaper ads to find a new home, you are most definitely going to be disappointed time and again.
What property information should I be looking for?
Let The TAN Team guide you through information such as comparable property values, taxes, utility costs, zoning, restrictions, public transportation, location of schools, shopping centers, recreation facilities and all amenities that you may need. We make it our business to know these communities!
Why should I have an agent representing my interests?
The TAN Team will help guide you to determine fair market value. We will show you comparable properties and provide you with the research that will help you make informed decisions. We will make sure you are aware of features and outside factors that may affect future marketability of your potential new home. It is important to The TAN Team that you are happy with your decision – that your wants and needs are satisfied but, we also keep you informed about the potential for this long term investment… in short, we make sure you buy right!
What about all of the paperwork and legal-eze. Do I really need a Realtor to help me with this?
The only alternative to using a Realtor for preparing and reviewing offers is to employ legal counsel. Realtors have been highly trained in this aspect of the process and will ensure that your offers are prepared in a way that protects you. When you consider that you are not paying for this service, the Seller is – why pay a lawyer? The TAN Team will take you through the entire process – we will prepare offers, negotiate, assist you with budgeting, help you find the best possible mortgage and steer you in the right direction for your home insurance and movers. We are a full service Team and we will not only do it all for you, we will do it the best!
How can I make sure I don’t miss the perfect property for me?
You need a responsive and aggressive sales representative working for you! Someone who is constantly watching the market and advising you of any properties that meet your criteria. The TAN Team will not let you miss any properties that meet your criteria – guaranteed!
Will I get a better price on a property if I go directly to the Listing Sales Representative?
Not necessarily. The Listing Sales Representative’s primary responsibility is to get the very best price possible for the Seller – not the Buyer.
How can I find out what properties are selling for in a particular area?
When you engage a Member of The TAN Team to represent you as a Buyer, you ensure that you are receiving all of the comparable information you need to establish the right price for any property that interests you. You cannot obtain this information accurately and efficiently if you don’t use a Realtor.