5 Things You Have to Know Before You Buy a Home

Five Year Rule

How long are you planning to stay in the area? If you can’t 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 they’re not for everyone. You’ll want to talk to your financial advisor first.

Take Care of Business, First

If you want to buy Oakville real estate (luxury or otherwise), you’re 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 won’t 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 you’re going to want to make sure you’re living with the best of them! Even if you don’t have children, you’re going to want to make sure that you’re in a good school district. Happy children are busy children and you’ll be able to know that whatever time of day your home the neighbourhood is safe.

Get Pre-Approved for Financing

Even if you’re financing mainly with cash, you’re going to need to make sure you’re 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 “in” with sellers too.

Doing Your Home Work

Doing your homework is terribly important when you’re looking at Oakville real estate. You’ll want to know that whatever kind of home you wind up in is the one that’s 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 you’re getting the home that’s right for you.

The important thing when buying any kind of Oakville homes for sale is that you’re ready. You have to know what you’re buying and you have to know that you’re 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? That’s okay – we’re expert Oakville luxury realtors and we can help you find the home that’s 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 Canada’s #1 Century 21 team for 8 years running.

Contact Information

Mike Smith

Marketing Coordinator

GMT

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