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edmonton real estate - Sarasota Realty St. Albert Real Estate

Sep 23
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Questions to Ask Your Realtor Before Buying a Home

By | For Buyers

There is a lot to consider when looking at homes, and it’s easy for things to fall through the cracks. That’s exactly what a good real estate agent is there for. You want them to guide you through the process and think of the things that you may not know.

Your real estate agent is a wealth of knowledge and the best resource you have when navigating the home-buying procedure. Here are some of the fundamental questions to ask your real estate agent during your home buying experience.

What’s the First Step When Buying a Home?

If you’re buying your first home or unfamiliar with the home buying process, it can be confusing to know where to start. Do you begin with a mortgage pre-approval? Do you start by looking at homes to find what you like?

Your agent is there to guide you through the ups and downs and through the proper steps to get where you want to be: in a new home. They’ll be able to give insight on where to start and likely have some contacts to help with the finer details like mortgage experts or lawyers.

How Does the Home Buying Process Work?

Your home is likely the largest purchase you will ever make. You’re going to want to know all the details you need to understand just what you’re getting yourself into. That’s where your real estate agent comes in. They have the knowledge you can use to understand the process and diminish stress about the things you don’t know.

If you’re a first-time home-buyer, it can be a daunting process. The best way to lessen the anxieties is to find a professional you trust and lean on them for their expertise.

What Questions About the Home Buying Process Have I Missed?

Once you have gotten the answers to the questions you’ve asked, it’s time to ask your real estate agent to fill in the blanks. There is a lot to consider, so it’s natural to forget some questions to ask. So, ask your real estate agent what you’ve forgotten.

Buying a property comes with many complicated moving parts – from mortgages to offers and possessions – so let your agent spell out the rest of what you need to know. It will make the home-buying process a lot smoother.

Dec 18
0
QUESTIONS TO ASK BEFORE INVESTING IN A RENTAL PROPERTY

Questions to Ask Before Investing in a Rental Property

By | NEW

Hey, you know what would be great as a long term investment and would generate an awesome monthly income? A rental property! But let’s pump the breaks for a second before we dive in. Before you make a big investment (such as this one) lets weigh the good and the bad, as well as ask ourselves these questions to put us on the right track and properly prepare for what’s ahead.

Looking to buy a rental property in St. Alberta?

Check out our current listings!

QUESTIONS TO ASK BEFORE INVESTING IN A RENTAL PROPERTY

Financially, is this a good time for you to buy an income property?

Before pursuing any big investment opportunities, it’s best to be comfortable in your current financial situation. Comfortable enough to make a big purchase and still cover your existing financial obligations. Be prepared for the unexpected by planning ahead. Ask yourself, do you have the minimum down payment for an income property? Are you prepared to make repairs before the property is rentable? Its better to be too prepared than not prepared at all.

What type of property do you want to invest in?

You may think the bigger the property, the better. But that’s not always the case. A bigger property comes with higher taxes. It’ll also be more space to maintain and the rent you receive may not be enough for upkeep. If it’s your first time as an investment property buyer, note that many like to start out by purchasing condos or single-family homes. However, multiplex units bring in the most income.

Where is the highest demand for rental properties?

You want to invest in a property that is located in a high demand place and will remain high in demand in the future. You want to keep your eyes out for properties that are close to hospitals, schools, public transportation, etc. Whatever makes your rental property desirable! Make sure you establish what kind of renters you want to attract. Is it students? Is it people who need access to public transportation or businesses downtown? Being able to answer these questions will aid you in picking the location of your new rental property.

Make sure to seek advice from professionals if you’re overwhelmed and don’t know where to start. Investing in real estate is a big commitment and should be considered from every angle. Contact your realtor and ask them what’s currently on the market and explore numerous options before you settle on one. Receiving financial advice can not only save you money in the future but can also give you a better idea on what kind of property you’d like to purchase, how much your comfortable investing and if this is the right investment for you.

 

Interested to learn more about rental properties and what’s on the market in St. Albert? We’d love to help! Visit our listings page here to find out more.

SARASOTA REALTY p. (780) 460 2222 f. (780) 458 4821 25 Carleton Drive St. Albert, Alberta T8N 7K9