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Selecting a new home is an involved process, purchasing it even more so. Moving forward without the right knowledge could end up setting you back for months.

 

Before you get your heart set on that perfect country cottage or three-story home, you will want to keep some considerations in mind:

 

Remember Your Needs

 

Everyone wants to move into a storybook-worthy house that looks like it belongs on a magazine cover. Just because a property is attractive does not mean that it will be the right home for your family’s needs. Take a thorough account of what you and your family require in a home, and start looking with those criteria in mind.

 

For instance, you may not need a property with an enormous backyard if your family is not interested in outdoor recreation. For someone who does not like yard work, the lawn maintenance may end up being more trouble than it is worth. On the flip side of the coin, if you love being surrounded by nature then do not convince yourself that a townhome in downtown Edmonton could be livable just because it has a gorgeous master bathroom.

 

Keep a blind eye to tantalizing amenities unless the rest of the house is what drew you in first. Be sure to prioritize what matters most for your family.

 

Get Pre-Approved for a Loan

 

Most homeowners did not acquire their properties with piles of cash; they financed it with the best lending options available to them at the time. Knowing how much house you can afford is an important step to take before you start looking at homes.

 

Nothing is worse than preparing to make a bid on a property you had your heart set on, only to be told by a bank that you cannot qualify for a suitable loan. Getting pre-approved will also allow you the chance to thoroughly audit your finances, which can help you assess your savings on hand to begin preparing for closing costs.

 

Learn the Market

 

A home should be a long-term investment. Be sure to look at homes with an experienced real estate agent who is familiar with the local market to help you make a sound purchase. Different neighborhoods will appreciate at different rates, and some properties may require contingencies you did not expect, such as signing a covenant agreement.

 

All of these factors will help you accurately assess the type of home you truly want to buy, rather than one that is alluring but impractical for your needs. Having an experienced agent can also help you navigate the buying process. To learn more about what Leduc Remax can do for you, start by visiting our buying page.

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Sell your Leduc real estate with these selling tips.

Selling your home is an enormous undertaking. Keeping track of everything can be quite difficult, and inevitably some important tasks will fall by the wayside. Some of these mistakes can be more costly than others.

 

To keep focused and have the best possible experience selling your Leduc real estate, avoid these potentially hazardous pitfalls.

 

Ignoring Defects

Scaring away a buyer does not take much. Seeing a major problem with the house such as a collapsing rear deck or mildew stains in the laundry room will be taken as a giant red flag. Maintaining the buyer's interest at this point will be incredibly difficult, and he or she will probably use the opportunity for some shrewd negotiation.

 

Expecting them to not notice can be even worse. Often, a savvy buyer will bring in a home inspector who will quickly identify anything you tried to whitewash or sweep under the carpet.

 

Rather than having to explain, “Oh, that will be taken care of in a couple of weeks,” to every single person who views your home, get all major repairs and problems out of the way before listing. If you want to be extra careful, you can ask for your own home inspection to preemptively eliminate any lurking issues.

 

Pricing too High

An old sales tactic is to give yourself a cushion on top of your home's value and let the buyer negotiate you down to your original expectation. That way, the buyer feels the satisfaction of having saved some money while you get to enjoy the intended sale price.

 

Unfortunately, this tactic does not work out as many people hope it will. Many buyers will skip looking at an unrealistically priced house. They will use factors like the average neighborhood home value or comparable property listings to come to the conclusion that your price is just too high.

 

Instead, many realtors actually suggest setting the price enticingly low. With this tactic you can generate more interest and subsequent offers. More people will tour your home and even if they decide it is not their cup of tea, they can pass the information on to someone else and talk up the value. Ideally, you will receive several offers and may find yourself in a bidding war.

 

Not Hiring an Agent

Trying to go at it alone can be one of the biggest possible mistakes when selling your home. An agent can avoid major setbacks that come with the learning experience of selling a home. Often, a buyer's first impression will also be his or her last; a bad experience can send them running for the hills.

 

Instead, an experienced listing agent will have knowledge of the local market as well as general selling strategies. An agent's proven expertise can mean the difference between a house sitting on the market for months on end and an expedient sale.

 

To learn more about what we can do for you to get you the best possible price for your home, visit our selling services page and see what we have to offer.

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