Gabriola is one of the beautiful
island in British Columbia and everyone would like to shift their home there.
But what do you think, buying a home in Gabriola is an easy task. I am not
saying that it is a tough job but it need some advanced efforts to make a
perfect deal. In this article, I will share some of the best secrets to buy
home in Gabriola Island. If you are a seller, I am sure you will also get
benefitted.
Secrets for buying home
There are many things you need to
keep in mind while you are going to buy any home in British Columbia or Island
like Gabriola. Here are some key secrets.
Get pre-approval for your home
loan
This is the main point that
becomes a big hurdle while you are purchasing a home. Sometime we think that we
will get
approval for our home loan so why we should apply in advance. But on the
time, we did not get the approval and we need to cancel deal. So to save your
time and energy, make sure you get pre-approval for your loan and you have an
idea that how much you can afford.
Avoid Border Disputes
Property which has disputes can
raises many problems for you. So I will suggest you to make a survey on the
property you had decided to buy so you know exactly what you're buying. There
are lot of chances that the property or home you are going to buy have any
dispute with neighbors or any other party. So make your future life
uncomplicated, make a survey about all the aspects of your property/house you
want to purchase. Keep in mind neighbors can helps you a lot in this matter.
Never Wait for the Best Time
There are many misconceptions
something like that the market will go down then we will buy home or something
else like this. I would like to say that don't wait for the market's best time.
There are also the possibilities to raises the prices of property. Because real
estate market is filled with uncertainties. Keep in mind that current time is
the perfect time and the deal you will make this time will be the best real
estate deal.
Avoid Sleep Costs
The difference between renting
and home ownership is the sleeper costs. Most people just focus on their
mortgage payment, but they also need to be aware of the other expenses such as
property taxes, utilities and homeowner-association dues. New homeowners also
need to be prepared to pay for repairs, maintenance and potential property-tax
increases. Make sure you budget for sleeper costs so you'll be covered and
won't risk losing your house.
Never only go with Bigger
Keep in mind that bigger is not
always better. So I would like to suggest you that never make a deal with
bigger amount. Usually bigger things or houses just appeal bigger they don't
have the bigger quality. Someone say in the Real estate market that doesn’t buy
the biggest because for this you cannot find the potential customers whenever
you would like to sell it out. So Always go with small and reasonable prices
and houses.
Give a Physical check
Would you like to buy a bike
without taking a test drive? I am sure, you will not. You would like to check
each and everything about engine, mileage etc. Same in the case of purchasing a
home, you should check it out physically. It is not possible that you can check
by yourself so I would like to recommend you to hire a home inspector. It will
be little bit costly but can save your 1000 of $$$. A home inspector's sole
responsibility is to provide you with information so that you can make a
decision as to whether or not to buy. Owning
a second home – Risks & Rewards
Final Words
At last, but not least, I just
want to say do a proper check and make a proper plan to purchase a home in
island like Gabriola. Hope these Home Buying Secrets in Gabriola will help you
a lot to make a perfect real estate deal which will save your future.