5 Things You Have to Know Before You Buy a Home
If youíre thinking about buying Oakville real estate, there are some things you need to think about before you do! Letís go over a few tips on what you need to know before you buy:
Five Year Rule
How long are you planning to stay in the area? If you canít stay put for the next five years, you may not be ready to buy Oakville real estate just yet. There are things you can look at though like a portable mortgage so you can pack up your financing and take it with you, but theyíre not for everyone. Youíll want to talk to your financial advisor first.
Take Care of Business, First
If you want to buy Oakville real estate (luxury or otherwise), youíre going to want to know that your current home(s) are in a good place. 70% or more equity is a great place to be and wonít leave you with too much negative equity (debt) when you sell.
Look for Great Schools
Oakville has some of the best schools in the province, but youíre going to want to make sure youíre living with the best of them! Even if you donít have children, youíre going to want to make sure that youíre in a good school district. Happy children are busy children and youíll be able to know that whatever time of day your home the neighbourhood is safe.
Get Pre-Approved for Financing
Even if youíre financing mainly with cash, youíre going to need to make sure youíre working with a net. Being pre-approved for financing is going to help you know what your budget is and it can give you an extra ďinĒ with sellers too.
Doing Your Home Work
Doing your homework is terribly important when youíre looking at Oakville real estate. Youíll want to know that whatever kind of home you wind up in is the one thatís right for you. Hiring a home inspector, working with us to help you understand how the home stacks up when compared to the market around it and more will help you ensure that youíre getting the home thatís right for you.
The important thing when buying any kind of Oakville homes for sale is that youíre ready. You have to know what youíre buying and you have to know that youíre ready to buy it. Why are you moving now? Why do you want to move to Oakville or a particular neighbourhood? Feeling a little overwhelmed? Thatís okay Ė weíre expert Oakville luxury realtors and we can help you find the home thatís the best fit for you. Contact us today and let us help you find the home of your dreams.
The Goodale Miller Team is based in Oakville, Ontario, specializing in luxury homes for sale, is Canadaís #1 Century 21 team for 8 years running.
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