If you are currently on the market for a new home or a resale home there are a number of things to consider. If you are a first time home buyer you should start thinking about exactly what you want in a home, the type and size. Other things to consider and know before you start looking for your new home is:
- Your budget and the price you want to pay.
- Get a mortgage Pre Approval from your bank or broker.
- Location, Location, Location. Being close to all ammenities such as shopping, transit, and close to work is both good for you and good for resale value.
- Next figure out the type and style of home best suits you. ie Bungalow, 2 Storey, Single or attatched housing.
- Once you have all of the above in check, you can start searching for home that meet your criteria. In Ottawa you can find properties for sale locally on MLS.CA and Homes for Sale by owner can be found on Grapvine.Ca
- If you are having a tough time finding something that suits your needs or you simply don't have the time to do all of the searhing, you can enlist the services of a Real Estate Agent who will locate all of the properties that meet your criteria, and you can spend a day looking at multiple properties.
- Using a real estate agents service to purchase a new or used home is completley free for the buyer. Sellers usually pay all of the real estate comissions that average about 5% of the sale price.