When purchasing your first home (or any home) there is so much to know in such a short and stressful time. See below for some super helpful advice that will save you time, money, and piece of mind!
1)Do you have a qualified Real Estate Agent?If you are a first time home- buyer, you need to know that an agent's services are paid by the seller in the vast majority of transactions. Therefore, it costs you nothing! A qualified Real Estate Agent could save you tons of time and money.A qualified agent will as a minimum provide these benfits:
An MLS sales history of the property (how many times listed/ sold/ what it sold for and when)
General and specific sales statistics for the area in question- what is the home likely worth?
Offer neighborhood insight (do houses sell fast/slow/ is the property you're looking at unique?)
What features are good for re-sale/ will hinder re-sale
Provide legal paperwork and guide you through making/negotiating/completing an offer to purchase
Walk you through an inspection report having the experience of many inspections
Provide you with moral support and the confidence of having some one extra in your corner
2) What Season is it? Purchasing a home in fall or winter often brings lesser purchase prices, as people who sell this time of year can be "left over" from the spring summer market, or motivated sellers who have to sell for one reason or another. Where as in spring and summer there may be more inventory to choose from, but the competition can be fierce driving prices up slightly. A few thousand dollars is a few thousand dollars- amiright?
3)Do you know a qualified home inspector? If not, It's a good idea to get a few recommendations from your friends, family, or Realtor and then call around ahead of time to get a feel for who they are and whether their values & expertise align with your expectations. You do not want to hire an inspector and realize mid- inspection that you're not going to trust the opinions or see eye to eye with your inspector. If you have questions about what makes a "good" inspector, message me here.
4)Did you follow up with professional opinions or quotes? This is SOOOO IMPORTANT. While having an inspection completed is a great start, home inspectors are not qulaified to give quotes for work a tradesperson should complete, or give advice as to what you should or shouldn't do next. If items of concern come up that should be completed by a tradesperson of any kind it is best practice to do your diligence and find out the extent and cost for repair or remedy of the issues. Not only does this give you an accurate cost for repairs to weigh the value of the home, it also gives a more firm stance to potentially have the seller complete some items before you move in. IE:You planned to update a bathroom, but your "minor electrical work" ended up costing $1,500, therefore you will not be able to add the value where it will be seen in the bathroom by potential buyers on re-sale, instead it was absorbed on an item already expected to be up to snuff, and essentially wasted.
Jennifer was born and raised in Edmonton. After receiving an Arts Degree and a Diploma in Finance, she worked in several financial institutions and AGT in the areas of Audit and Special Accounts. Jennifer entered the Edmonton real estate market in 2002 and has enjoyed growing her successful business. In 2008 Jennifer completed the CPS course and became a Certified Professional stager, and in 2010 Jennifer launched KENNEDY Real Estate. Jennifer is married to Sheldon and they have four adult sons and one adult canine named Bo.
Jennifer specializes in past clients, move up homes, flips and bungalows and hard to sell homes :-) Never afraid of a challenge!!
Keeping informed of the latest trends for con sumer and economic demands always gives Jennifer’s clients an edge when preparing their Edmonton homes for sale. As an experienced and successful full time Edmonton REALTOR and Edmonton Home Stager, Jennifer brings a wealth of Real Estate knowledge to the table.
I attended the Edmonton Renovation Show with my oldest daughter. I’m
"How fast did your agent respond to your questions: 5 out of 5
How well did your agent use technology: 5 out of 5
How helpful was the support staff: 5 out of 5
How good was the auxiliary services we recommended: 4 out of 5
How did the closing go: 4 out of 5
How close did we meet your expectations: 4 out of 5
How likely are you to recommend us: 5 out of 5
Services used: Both
How did you find us: Past Client"