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Start to Finish Guide to buy a Dream Home

Buying a beautiful house is probably the most important and expensive purchase you will ever make, so it is imperative to consider a few things before actually doing it.

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Start to Finish Guide to buy a Dream Home

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  1. THE ULTIMATE GUIDE TO BUY A DREAM HOME THE ULTIMATE GUIDE TO BUY A DREAM HOME

  2. INTRODUCTION Buying a beautiful house is probably the most important and expensive purchase you will ever make, so it is imperative to consider a few things before actually doing it. But these steps can help make the home buying process manageable and help you make the best decisions.

  3. Decide How Your Dream House Will Be Like This is the time to unleash the dreamer in you. Imagine how your dream house will be like. Work out the number of rooms depending on the number of people who will live in it. This is the time to unleash the dreamer in you. Imagine how your dream house will be like. Work out the number of rooms depending on the number of people who will live in it.

  4. 2. Decide Your Budget Once you have a good idea about your needs, think about the budget and planning. How much money are you willing to shell out? If you’re looking at listings online, compare prices. Once you fix a budget, try to stay within it as you’ll have extra expenses – furniture, decoration, and maintenance costs – to consider.

  5. 3. Research Home Loan Options Perhaps the most important step of all, this is where you figure out the finances. Spend time researching the home loan options available, and choose one that seems the most flexible, saves interest costs and offers a grace period or EMI repayments. Calculate the EMI you have to pay back each month and see if you need a pay rise in your salary or another job. Do not take a risk here.

  6. 4. Hire a Real Estate Agent Real estate agents are important partners when you’re buying or selling a home. Real estate services in Toronto can provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable.

  7. 5. Work Out The Mortgage There are plenty of affordable mortgage rates available – choose whether you need one with a fixed interest, adjustable rates or an interest-only loan. Consult a professional in case you are unsure before getting a mortgage pre-approval.

  8. 6. Get A Home Warranty Nothing in this world is permanent. Earthquakes and natural disasters can happen anytime. All houses require regular repairing. Think about the future white-washing costs, plumbing leaks, rust and sediment deposition and get a home warranty that will ensure that even if something goes wrong, you don’t have to burn a hole in your pocket to replace it.

  9. 7. Double Check Size, Location, Price Now that you know exactly what you’re after, it’s timeto review the facts. Check if the size of your new home is adequate not only for now but also for the future, especially if you’re planning to have children. Check if the location doesn’t make daily commuting to the office difficult and if the neighbourhood isn’t shady.

  10. 8. Do a final walk through The final walk through is your last chance to see the property before you buy it. This is an important step, so don’t dial it in.Come prepared with your checklist — which should include repairs the owner agreed to make, post-inspection report.

  11. Conclusion The closing process is the last lap before you reach the finish line. At closing, the home is transferred from the seller to the buyer. Before you actually close on the house, you’ll have a chance to do a final walkthrough to make sure all the agreed-upon repairs were made and that the seller has vacated the property.

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