Looking for real estate to buy is a very exciting experience.


Your emotion balanced with logic is the wisest thing to do. Educating yourself about this long and
sometimes stressful process of home buying, will result in one of the biggest investments that you will be
making in your life. Wrong decisions may lead to an irreversible and costly mistake.

So, what should you avoid so you don't make this mistake?

  • AVOID USING YOUR HEART OVER YOUR HEAD. You might fall in love with a home instantly
    forgetting that you are making a huge financial investment and that someday you might want to
    sell it, only to find out, when it is too late that your home is tough to resell.

  • AVOID VIEWING HOMES ALONE. Bring your spouse, your children or a friend with you. You might
    miss out on some imperfections because of your excitement. Their point of view will surely be of
    great help.

  • AVOID LOOKING AT HOMES YOU CANNOT AFFORD. Buying a home does not only mean a down
    payment and fixed monthly mortgages. There will also be expenses for repairs, maintenance, new
    appliances and furniture, property taxes, insurance. A clear understanding of your finances
    prevents wasted time and/or disappointments.

  • AVOID VIEWING HOMES WITH NO CHECKLIST ON HAND. You should have a list of everything
    you need and what you would like to have in your home according to your priorities.

  • AVOID BUYING A HOME IN AN UNFAMILIAR NEIGHBORHOOD. Spend some time in the area, ask
    questions about the community, accessibility to schools, supermarkets, or shopping. It is not only a
    home you are purchasing but the location as well.

  • AVOID BUYING A HOME ON YOUR FIRST VISIT. Do not rush. Visit the home that you like twice,
    thrice or even more than that. Make sure that this is the home that you really want to settle in.
    Have a professional home inspection done to eliminate future headaches like the exterior
    components which includes roofing, gutters, downspouts and the interior systems such as
    electrical, plumbing, flooring.

  • AVOID GETTING TOO PERSONAL WITH THE SELLER. Be friendly, but treat the transaction as
    professionally as possible. Remarks about changes and future repairs might not be taken well by
    the seller.

  • AVOID MAKING MAJOR PURCHASES. A new car, jewelry, expensive appliances can wait until after
    you have purchased and settled in your new home. Because if you are buying items before the
    home purchase it will increase your “debt-to-service ratio” and it will affect the amount of loan you
    qualify for, or be difficult to get your loan approved because a huge debt may hamper your ability
    to pay the mortgage, or worst, your loan may be denied.

  • AVOID CHANGING JOBS unless you are going to earn more or if the line of work is within the same
    field. Constant job changes may be an issue in qualifying for a loan. A stable job history is a plus.
    If you really want a new job, wait if at all possible until after the home you are buying is yours.

  • AVOID SWITCHING BANKS. Problems in the verification process may occur when you move your
    money to another bank.

  • AVOID GIVING DEPOSIT MONEY DIRECTLY TO THE SELLER. If you don't have a real estate
    agent representing you, an attorney can hold the deposit or it can be placed in a trust account
    until closing day. Your contract should state what will happen to the deposit in case the transaction
    does not push through.

  • AVOID VERBAL AGREEMENTS. Put everything in black and white. Whatever was agreed upon
    verbally does not count in the eyes of the law.
RE/MAX Niagara Realty Ltd., Brokerage
Sales Representative
905-356-9600
RE/MAX Market Share in Niagara Falls
For more information on first time home buying, please visit  Canada Mortgage and Housing Corporations
(CMHC)  website by clicking here.
If you need professional advice or someone to represent you in your home buying, give me a call or drop
an e-mail. I would be glad to help 905-356-9600
©Copyright 2005-2008 Dan Djurkovic. All Rights Reserved.
Home Buying
      Step by Step Guide
About Dan Djurkovic
With over 14 years experience as an active real
estate investor, and serving as President and
Chairman of the Board of Niagara Capital
Investments, Dan now offers his business
expertise strategies to investors and the general
public.

RE/MAX 100% Club
Donald "Trump Towers" representative
Top negotiator
Active real estate investor
Conventional and Internet Marketing
Business Administration
Corporate Acquisitions and Mergers

Whether you are buying or selling, professional representation and personalized marketing
strategy implementation are a key to a successful
trade.
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info you may need 905-356-9600