Buying a house isn’t like buying a car where you can do some test drives. Once you have bought it, then you need to live in it, and you cannot just replace it like a shirt if it doesn’t fit. Buyers have lots of expectations, and the more they want these expectations to be met, the harder it is for them to find a new home.

So, questions to ask when buying a house? Experts say that you need to compromise for your priorities. Consider the house’s distance from work or school, space it can provide for your business or hobbies or let say the place is good for walking your dog. The practical and functional side should be prioritized over the things such as a new hard floor or shiny granite counters that you are dreaming of but can always add later.

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When buying residential property for the first time, a common question remains in your mind — how much money do I need to buy a house? You may tend to place a great deal of attention on the initial payment you need to do when you buy it on credit. It’s essential to know the right things to consider before you embark yourself on purchasing a new house. Continue reading this article to guide you.

Property Types in Canada

There are different types of properties you can buy in Canada. The list includes:

  •         All Properties
  •         Condo / Townhouse
  •         Mobile
  •         Single Family
  •         Rural

Cost of Buying a House

The cost of buying a house in Canada varies. You can find a huge corner lot that can only cost…

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Whether you’re buying or selling a property, there’s someone who can help you with your transactions. The real estate agent offers services for both buying and selling properties. Before you embark on the deal, there are vital things that you need to keep in mind when you need to find a realtor. Consider the following to ensure that you make the right decision during the buying or selling process:

Realtor’s Commitment

One of the essential responsibilities of a realtor is to make sure that a buyer or a seller are brought together in an arrangement that gives each party with a deal that’s equitable. You’ll be confident with a professional realtor as he’s subscribed to a strict Code of Ethics and Standards of Conduct.

Converse with Agent's…

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The majority of first-time homebuyers right now are millennials. If you are one of those who was born in 1980-1995, you are among the 77 percent of first-time homebuyers in Canada and needs to keep up with the others on this already challenging real estate acquisition.

If you are interested in searching for a house for sale in Edmonton and getting your first home, you need to read these first time home buyer tips below:

Make Your House Hunt a Priority

The busiest month for real estate transaction is in April. The multiple listing services will be on fire, and your real estate agent will be contacting you almost 24/7. If you are planning to buy a house this spring, then now is the time to take action as tons of prospective buyers will also be…

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Buying a house can be very difficult especially for first-time buyers. If you are in this situation and don’t know where or how to start, it is best to contact the best real estate Edmonton team to help you get your dream home.

Tips for Buying a House
But before that, here are the ten tips that you need before searching a home for sale in Edmonton and before deciding to buying:

Planning for Mortgage

1. Save for down payment beforehand. Typically, lenders require at least 20 percent down payment for mortgages, but many lenders allow less. However, down payment affects the monthly mortgage.

2. Researching state and local assistance program would be a big help. First-time buyers usually get perks like down payment assistance, discounted interest rate, closing cost…

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Advanced Edmonton Real Estate Search

To get started, check out our new listings search tools. Using the "more options" button, you can refine your search as specifically as you'd like. If you're looking for a condo downtown, or a three-bedroom house in the suburbs, or a detached two-and-a-half storey detached home in Beaumont with a double garage and finished basement, our search tools can help you find it. If the home exists on the market, you can find…

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