The Many Faces of Real Estate

Posted by Gurpreet Ghatehora on Tuesday, July 15th, 2014 at 11:03am.

Buying your first home
There are many things you need to take into consideration when buying your first home. From the budget to the wish list, buying a home can be exciting, stressful and even financially straining. Getting into real estate is often the single best investment anyone can make – even if the only real estate you own is your family home. When getting ready to buy your first home, you’ll want to make sure you speak to your bank or whoever it is you plan to get your mortgage through. Getting preapproved for a mortgage can eliminate a lot of stress during the home buying process. Secondly, you’ll want a great realtor – someone you feel comfortable with and trust. Lastly, ensure you have enough money accumulated to cover all your buying costs, from your down payment to your lawyer.
Selling your first home
Selling your first home is often more stressful than buying your first home. In most cases you are selling one home and purchasing another, which can require many different time frames syncing up to make it all possible. What’s more, is that if your home ends up being on the market for an extended period of time, you may begin to fear that it will never sell and that you’ve made a bad investment. Don’t panic. Real estate markets can be temperamental and depend entirely on variable such as the state of the local economy, job availability and the cost of living. It’s not always a good time to be selling (or buying) a home.
Whether you are buying for the first time or selling for the tenth time, real estate can be a tricky thing. You might not be able to find a home you want in your price range, or buyers may be few and far between. On the other hand you may have too many homes to choose from or find yourself caught up in a bidding war, sometimes you just never know what hand you’ll be dealt when it comes to real estate.

Leave a Comment