Select one of the frequently asked questions below to learn more about buying, selling, and renting real estate. Also, begin to think about important things to consider when diving into your real estate search.
Question about buying
Should I consult with a bank before looking at buying?
The answer to this question is not so straight forward. We would say that it is advisable to consider all options before making your final decision to buy a property. This decision will strongly depend on your financial position at the time of the purchase, however even if you have the money to cover the price it may be a viable option for your cash-flow to consider obtaining a partial loan as well.
Is an older home as good a value as a new home?
This is a complicated question to answer. When purchasing a home whether new or old you must consider the value of this investment and the potential future returns. A new home may be a higher value asset as it seems but that is not always the case. There are many other factors in play such as the location, the infrastructure around the property, the build quality and so on. It would therefore be our advice that you consult with a professional adviser regarding such matter before making your decision final.
What is a broker?
A broker is an individual or a company that will act as the middle man in your property purchase process. They will handle the entire negotiation with the seller.
Should I buy or continue to rent?
It depends. When considering buying versus renting you should calculate the associated costs and compare. In certain cases the money that you are paying for rent could easily cover the monthly loan installment if you had purchased the property via a loan. It may therefore be a wiser option to invest into a purchase and secure a good return on investment in the long run.
Can I find a rent to own property?
Indeed there are cases where we offer properties under such arrangements. Please check our property listing page for more information.
Should I sell my existing home before buying a new one?
There really is no correct answer to this question and there are pros and cons associated either way. The primary advantage of selling your existing home prior to acquisition of a new one would be that you will not have to rely on any financing from a bank to secure the deal. Ultimately this would lower your cost. On the contrary not selling your existing home would raise your security in case the new purchase does not go through as planned.
Do I really need an agent when buying a new home?
Under pretty much all the circumstances the answer would be yes. An agent would be experienced enough to know each area and each property’s pros and cons. They will also be able to ease the entire process by handling most of the dull administrative work on your behalf. You should however be careful in selecting an agent so if possible always rely on personal recommendations.
How good is the neighborhood/area?
You may consult with the seller and your agent regarding this question. You should also do a quick online search regarding a specific area as people before you have probably asked this question. If possible speak to the neighbors around the property as they will also be able to comment.
How many homes should you look at before buying?
Unfortunately there is no correct answer to this question. Of course it is advisable that you consider at least one other option in order to make a wise decision but this would not apply if your first choice would be a golden opportunity, too big to miss. If you are unsure always consult with a professional regarding your final decision.