Did you know that the majority of new homebuyers are boomers? Indeed, Canadians born between 1980 and 1995 currently represent 77% of new homebuyers. If you belong to this age group, take over the competition because we are about to go through the busiest month of the real estate year. Here are the top five tips for new homebuyers. Visit https://caborealestateservices.com/ The Ultimate Los Cabos Homebuyer Guide right here.
Prioritize looking for a house (or condominium)
Real estate transactions peak in April. The SIA site is bubbling with activity, your real estate agent sends you text messages at every moment, and other potential buyers are vigorously researching. If you want to buy this spring, it’s time to spend time off in search of a home. With your partner, set your priorities to be on the same wavelength. Then, when you find a property that meets these priorities, act quickly.
Get a pre-approved loan
It is important to obtain a mortgage pre-authorization before you start looking for a property. You will be considered a serious buyer, and you will be free to bet on a property that interests you without wasting time. Your pre-authorized loan will also help you narrow down your search since you will know how much you can afford. Use your convenient financial planning calculators to get an idea of the amount of mortgage (and home) that you can afford.
Visit new trendy neighborhoods
Post-boomers are more likely to live without a car than the average Canadian. As a result, many condominium developers have built communities that meet the needs of hard-core urbanites, close to public transit, supermarkets, bike paths and well-lit race trails, green spaces where dogs can be found are welcome and amenities such as bike boxes. Be sure to visit these high-concentration condominium communities to find out what they can offer. You may be able to realize your dream of home ownership sooner than expected.
Consider leaving the city
Many first-time homebuyers choose to live in secondary cities in the midst of urban redevelopment instead of staying in larger cities. These emerging markets offer affordable prices, especially for isolated homes. For city-dwellers, the pace between the metropolis and one of these cities of the new generation is less difficult to cross that separating the city from the suburbs. These locations often have an extensive public transit system, retail stores and cultural centers in full swing and easy access to larger urban centers (an asset if you work downtown).
Use social media to find a home
Finally, do not just look for a home on the SIA website and real estate websites. The real estate market is a fascinating subject: HGTV addicts are proof! Many bloggers probably publish tickets on neighborhoods that you covet. Simply type “real estate blog” followed by the name of your city or your dream district on Google so that various blogs are available to you. These are a great way to find exclusive listings and private sales, make comparisons, and learn more about the neighborhood you covet.