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Three Steps to Buying Your New Home

STEP ONE: FIGURE OUT WHAT YOU WANT

Before you go too far, go get a pen and paper and a notepad that you will keep throughout your home search. As you actually write the following criteria down, you will get very clear on the what, where, and why of your home search.


WHY: The first question to ask yourself is why do you want to buy a home: To stop paying rent? To start building equity? To have a place of your own? To raise a family? To entertain business associates? To move up to a bigger house?


WHAT: Next, list what kind of home you'd like to have. Think about home styles. How much space do you need? Does your situation require a one-level home, or are stairs acceptable? Consider size and kind of property. Do you want a newer home with less yard work or maybe an older one to fix up? Someday you or your heirs will want to sell. Consider how long you expect to live in this particular home. Be specific. Separate the "must haves" from the "want to haves." Look at this as your starting point. It is okay to modify things later. A good starting point is to take a look at our listings to see what is available in Chilliwack.


WHERE: Where would you like to live? Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (city, suburban neighborhood, country); community (north, south, east, or west side); neighborhood (older and settled or sparkling new; a particular school zone; recreational facilities; and other community services such as transportation, day care, library, stores, entertainment). Ask yourself how many minutes you are willing to commute to work. Are you new to Chilliwack? Check out our Chilliwack page for maps and community information.


STEP TWO: MORTGAGE QUALIFICATION

Once you have decided what kind of home you are looking for, you need to sort out the financing. For most people, this means getting pre-approved with a mortgage company which can be done over the phone or even online in a matter of minutes. It is very important as well because you can then get your interest rate frozen for 90 days. You are protected against any interest rate increases and will still get the better rate if rates go down. Call me and I will refer you to a mortgage professional that has an excellent reputation and track record for successfully acquiring loan approval for his/her clients. The pre-approval process won’t cost you anything; these masters of finance get paid by the financial institution who is lucky enough to get your business and your broker also ensures you receive the best interest rate and terms because he works for you. Try my Mortgage Calculator.

 

STEP THREE: TIME TO SHOP TILL YOU DROP

This is when it gets fun. Give me a call and allow me to show you homes that fit your needs. Remember that I am here to make this process an enjoyable one for you. It doesn’t matter to me if it is your first or fifth home, if it is a $100K starter or a $400K new home. It is important to me that I find you the right home, whether that happens our first day out, or whether it takes several weeks to find that perfect fit. Sign up for my email notification service to receive an email each time a property matching your criteria is added to MLS.

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