3 Deadly mistakes every homebuyer should avoid.
Deadly Mistake #1: Thinking you can't afford it.
Today, buying the home of your dreams is easier than ever before. Many people who thought that buying the home they wanted was simply out of their reach are now enjoying a new lifestyle in their very own new home.
Buying a home is the smartest financial decision you will ever make. In fact, most American and Canadian home owners would be financially broke at retirement if it wasn't for one saving grace - the equity in their home. Furthermore, mortgage rates are more flexible today than ever and tax allowances favor home ownership.
Real estate values have always risen steadily. Of course there are peaks and valleys, but the long term the trend is a consistent increase. This means that every month when you make a mortgage payment the amount that you owe on the home goes down and the value typically increases. This owe less-worth more situation is called equity build-up and is the reason you can't afford not to buy.
Even if you have little money for a down payment or credit problems, chances are that you can still buy that new home. It just comes down to knowing the right strategies, and working with the right people. See below.
Deadly Mistake #2: Not hiring a buyer's agent to represent you.
Buying property is a complex and stressful task. In fact, it is often the biggest single investment you will make in your lifetime. At the same time, real estate transactions have become increasingly complicated. New technology, laws, procedures and competition from other buyers require buyer agents to perform at an ever-increasing level of professionalism. For many homebuyers, the process turns into a terrible, stressful ordeal. In addition, making the wrong decisions can end up costing you thousands of dollars. It does not have to be this way!
Work with a buyer's agent who has a keen understanding of the real estate business and who is on your side. Buyer's agents have a fiduciary duty to you. That means they are loyal to only you and are obligated to look out for your best interests. Buyer's agents can help you find the best home, the best lender and the best inspector. Best of all, in most cases, the buyer's agent is paid out of the seller's commission, even though he/she works for you.
Trying to buy a home without an agent at all is, well.. unthinkable.
Deadly Mistake #3: Getting a cheap inspection.
Buying a home is probably the most expensive purchase you will ever make. This is no time to shop for a cheap inspection. The cost of a home inspection is very small relative to the home being inspected. The additional cost of hiring a certified inspector is almost insignificant. As a homebuyer, you have recently been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages and trying to get the best deals. Do not stop now. Do not let your real estate agent, a patty-cake inspector or anyone else talk you into skimping here.
InterNACHI certified inspectors perform the best inspections by far. InterNACHI certified inspectors earn their fees many times over. They do more, they deserve more, and yes they generally charge a little more. Do yourself a favor...and pay a little more for the quality inspection you deserve.
Services Provided
Pre-Purchase Inspection for Buyers
The Inspection takes place for the Purchaser/Client, usually after an Offer to Purchase has been presented with a condition of a Home Inspection beign completed.
You want as much information as possible about the home you are considering for purchase, and a comprehensive home inspection offers important protection for your Investment. SOUND STRUCTURE INC. Inspection Mississauga Pre-purchase inspector evaluates home safety, structural and mechanical soundness. We look for any risks to your family’s health. We identify potential maintenance issues and help you eliminate unwelcome surprises.
Pre-Listing Consultation for Sellers
This type of Inspection is conducted on the Homeowner's behalf to discover and offer corrective solutions to problems in the home, prior to listing the house for sale.
SOUND STRUCTURE INC. Inspection gives you a powerful marketing tool to set your home apart. We point out repairs that you may wish to make before you put your home up for sale. Our evaluation and report provide the information you need to make full disclosure prior to sale. A pre-sale home inspection and property inspection service can be your Competitive Edge when it comes to offering the buyer grater peace of mind.
Builder's Home Warranty Inspections -PDI
The 30 day's Delivery,The One -Year Warranty
The purpose of the pre-delivery/new construction inspection protocol for new homes is to serve as a voluntary quality assurance tool to provide a consistent pre-delivery/new construction inspection for verifying that the systems and components are installed properly and functioning as intended.
Seasonal/Preventive Inspections
This inspection is conducted at the beginning of Spring or Winter, to remind the Homeowner of seasonal maintenance required on a home.
Indoor Air quality IAC2 [ Mold Inspections]
EVERY HOME SHOULD BE TESTED FOR MOLD
According to Dr. John D. Shane, Vice President of Laboratory services of PRO-LAB millions of homes across America have hidden water leaks that are promoting mold growth that can expose homeowners to mold spores. Mold has a potential to cause health problems like allergies, irritation (to lungs, eyes, skin, throat, nose) and are potentially toxic. Inhaling and touching mold spores may cause allergic reactions in sensitive individuals and normally healthy individuals may become sensitive to mold after exposure.
The EPA states that, "It is important to take precautions to limit your exposure to mold and mold spores. Avoid breathing in mold or mold spores". The EPA also recommends that if you suspect you have a hidden mold problem you should consider hiring an experienced professional to avoid exposure to potentially massive doses of mold spores.
Mold damages what it grows on. The longer it grows the more damage it can cause. If there is a mold problem in your home, you should clean up the mold promptly. Mold can be hidden, growing on the water from a hidden leak, and can develop into a potentially large problem if not caught in time.
Testing your home on a regular basis is a prudent way to prevent small problems from growing into a costly and unhealthy situation, and always avoid exposing yourself and others to mold.
For your Inspection needs, please call for a quote.
For Mold and allergens call for a quote.
* HST 13% not included
All pricing are in Canadian Funds.
Payments fee is accepted by cash, cheque, credit card.
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