🧐How to Avoid Regretting Your Home Purchase

Monday Apr 29th, 2024

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Buying property doesn't always go smoothly; to avoid regrets, analyze the situation before making a final decision.

 

 

📌 Establish a realistic price range.

 

Work with your accountant, financial advisor, and real estate broker to avoid buying a home that may be too small or exceed your budget.

 

 

📌 How to Avoid Regretting Your Home Purchase

 

Buying property doesn't always go smoothly; to avoid regrets, analyze the situation before making a final decision.

 

📌 Establish a realistic price range.

 

Work with your accountant, financial advisor, and real estate broker to avoid buying a home that may be too small or exceed your budget.

 

 

📌 Take detailed notes after each show.

 

If you are viewing multiple homes, it can be challenging to remember what you like and dislike about each one.

 

 

📌 Evaluate your wants and needs.

 

Your home should meet your needs. Create two lists.

 

 

📌 Evaluate the area where you plan to buy

 

Remember: you can change the layout of a home, but you can't change the neighborhood.

 

 

What schools are nearby?

 

Even if you don't need schools right now, properties located in areas with reputable schools will always be a priority.

 

 

Are there parks nearby?

 

How convenient is the location of the house to public transportation?

 

 

📌 Conduct a home inspection.

 

 

One "Hot Market Hazard" is when the buyer is willing to waive the home inspection contingency entirely to "win" a multiple offer situation.

 

If possible, hire an inspector to avoid unexpected expenses in the near future or at least to get a complete picture of the house's condition.

 

📌 Trust your intuition

 

After listening to all the advice and opinions, decide regardless of what others think.

 

 

We wish you success!

 

 

With sincere respect,

Alla Poltavski, Real Estate Agent Western Toronto and Surrounding Areas.

Interested in buying or selling, or curious about your home value in today’s market?

☎️Let’s chat! Alla Poltavski (416) 7353158

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