Here are the five biggest mistakes we see smart people make while buying a home:
Not knowing how much they can afford before they make an offer. Talk to a mortgage professional right away so that you know your exact price range.
Not realizing whom the real estate agent represents. Most people think that the agent they’re working with is working for them. But unless they are working as your buyer-broker, they represent the seller.
Not realizing that the wrong mortgage can cost thousands of dollars in needless interest payments. Did you know there are over 200 different programs available?
Not discovering hidden defects before they buy a home. Get a professional home inspection.
Not knowing how much credit can affect their ability to buy a home. Your mortgage professional can help you prepare your credit file in advance, or you can order your own at Equifax.ca. Avoid surprises!