Purchasing a home is an investment in the future. Market knowledge and a depth of market experience are vital when making such an important decision. Ongoing and personalized service and follow-through are equally crucial.
The Okanagan offers a wealth of options for residential, investment or recreational buyers. Therefore, working with an experienced and knowledgeable agent who can offer a wealth of neighbourhood information along with strong negotiating, and problem-solving skills makes all the difference.
Whether you are a first time real estate buyer or a seasoned real estate investor, the professionals, Justin Sturby and his team, have the market knowledge and expertise to look after every detail.
Take a peek at our Moving Checklist for some great tips and resources!
Home Buying Process
Over the years we have found that some home buyers do very little research before “diving in” and investing their hard-earned money and purchase a piece of real estate. We are advocates of ensuring our clients are as informed as possible. That’s what this report is all about. It’s designed to help you avoid 10 common, critical mistakes many home buyers make. If you follow these 10 suggestions, with the help of the right real estate professional, you’ll make a good sound business decision that you’ll be happy and proud of for years to come.
1. Inspect, Inspect and Inspect
Go over the inspection report with a fine tooth comb. Make sure the report was done by a professional organization. For condo purchases, go over the by-laws, and strata fees. Don’t take anything for granted… inspect everything!
2. Imagine the Property Vacant
Your furnishings and decorations will be the ones filling this new residence. Don’t be swayed by beautiful furniture…it leaves with the owner.
3. Income Plus Lifestyle Equals Mortgage Payment
Sit down with a competent real estate professional and honestly discuss your income level and living expenses. Take into account future considerations like: children, add-ons, amenities or fix-ups. Your dream home is certainly worth a sacrifice but don’t mortgage your entire future.
4. View Several Homes
See at least 3-5 properties. Don’t move on the first property you see but… don’t move too slowly either. With your agent’s help, you’ll be able to view enough properties to get a good overall perspective of your market. And when you find the right property, all the leg work will be worth it.
5. Utilize Your Team
By aligning yourself with the right real estate professional, you’ll have an entire team working for you. Top real estate professionals have lenders, lawyers and inspection teams—an entire group of trained professionals to make the whole buying experience simple and easy for you.
6. Be Columbo
Check out all your costs and expenses before you sign: utilities, taxes, insurance, maintenance and homeowner dues, if applicable. Make sure all utilities are on (gas, electricity, and water), so you can inspect everything in working order. Ask lots of questions and be very detail conscious.
7. Do a Final Walk-Through
Visit the property after all the furnishings have been moved out to be sure there are no surprises. Be absolutely positive the property was left exactly as you had agreed upon in the contract. Many times, things are unintentionally overlooked that could have been spotted in a final walk-through.
8. Plan For Flexibility
Closing dates are not written in stone. Allow for contingencies and have a back-up plan. If you or the sellers need a little more time to conclude the final arrangements, don’t let these delays upset or frustrate you. These types of circumstances are not uncommon in a real estate transaction.
9. If It’s Not In Writing, It Doesn’t Exist
All promises and discussions are to be in writing. Don’t make any assumptions or believe any assurances. Even the best intentions can be misinterpreted. Have your real estate professional keep an ongoing log (in writing) of all discussions, and get the seller’s written approval for all agreements.
10. Loyalty Breeds Loyalty
Be open, honest and upfront with your team. Hard feelings and disloyalty will cause headaches, delays, or may even keep you from getting into the home you worked so hard to locate. Take the time to select the right team in the beginning and your first home purchase will be a simple, easy and profitable experience you’ll have fond memories of…for years to come.
Request a Home Buyers Package
Please fill out the short form provided and we will send you a full package with everything you need to know as a first time buyer.
First Time Buyers
Are you thinking of offering on Real Estate in the Okanagan?
Searching for your dream home requires a Kelowna professional who is familiar with the different areas in the Okanagan valley. When you have found the perfect Okanagan home and you wish to take the next step and its time to make an offer, your real estate professional or one of our talented agents will walk you through the process of evaluating the home under current market conditions.
Once a value has been established your agent will assist you in drafting an offer to purchase, this is a very important step in the home buying process. Hiring a professional agent or REALTOR will ensure you are protected and they will effectively communicate the offer to the seller and seller’s real estate agent on your behalf.
Justin Sturby can assist you in generating an offer that protects your interests with terms and conditions specific to your needs.
An offer without conditions is known as a firm offer, while one with conditions is called a conditional offer. Some of the conditions that might be placed on an offer are “subject to financing approval”, “subject to the buyer’s house selling”, “subject to an approved home inspection”, Justin Sturby and his team will walk you through the terms and conditions that will protect your interests.
The seller may accept your initial offer, reject it or present a counter-offer. The counter-offer will differ from your original offer with respect to price, conditions, the closing date or any other item. Offers can be countered back and forth between the two parties until one of you accepts or rejects, ending the negotiations.
Justin Sturby and his team will answer your questions and explain the process of making an offer to you so that you are comfortable with the steps involved. Our knowledge and negotiating skills will be at your disposal to ensure you arrive at the best price possible.