11 Possible Errors Buyers make when buying a home in Grey Bruce County!

1. Making an offer without a pre-approval

Nothing is more frustrating than finding that home you so much want and then finding out you cannot get financing for it. Take the time to speak to your Real Estate agent and they can give you names and numbers of qualified mortgage specialists in Grey Bruce. But ensure you still have a condition in the offer, to ensure the property qualifies as well.

2. Not have the home you are purchasing inspected.

For that $300 to $500 you are going to spend on the home inspection is sure worth its weight in gold. Take the time to spend 3 to 5 hours with the home inspector from the Grey Bruce Area to show you any existing problem areas that were not revealed during your viewing. Don't forget the septic and well!

3. Don't limit your search to print ad or the internet.

Contact a qualified Real Estate Agent to tell them your likes and dislikes and ensure they are providing you with all listings available in the market area such as Flesherton, Markdale, Eugenia and other areas for Grey Bruce . This will also give you great comparisons of other properties and homes with the most accurate and up to date information.

4. Choosing a Real Estate Agent that forms a personal relationship with you not just a business relationship.

Choosing the right REALTOR® - that is committed to you for years to come. Take the time to talk to them and see what they are like both professionally and personally. A true Realtor is committed to your purchase before, during and after the sale. Also a local Real Estate Agent living in Grey Bruce will know more about the areas to ensure you have all the information.

5. Limiting you to one perfect house.

New properties become available daily. Having a back-up house if the first property you offer on does not work out prevents disappointment. Ever hear the expression, if it is meant to be it will be?

6. Thinking ahead.

Most people move every 3 to 5 years due to lifestyle changes. Keeping that in mind will allow you to enter the market sooner than later to grow your equity.

7. Examine insurance.

Many times people have purchased a house and then discover that the insurance will cost them much more than anticipated. It's better to use a local insurance agent as they know the area and the different underwriting requirements than a city insurance agent.

8. Not knowing Repair costs.

A good qualified REALTOR® should have a list of contacts of local contractors. Material costs and labour differ from area to area.

9. Not knowing closing costs.

Shop around for your lawyer and anticipate what they will do for you and at what costs. What is the land transfer tax on closing? Are there appraisal fess? What about a survey versus title insurance?

10. Don't worry about asking other professionals.

A qualified REALTOR® will know a lot about everything but we are clearly not the tax, legal or home inspection experts. But next time you are thinking you have a concern about plumbing, electrical or a roof issue - Call a profession that deals with that issue.

11. Hiring the Local Real Estate Professional.

Neighbourhoods from one town versus another in Grey County can differ substantially. What services are there, what is the environment like, what are the neighbours like, what is the crime rate? A local REALTOR® will provide you with more accurate information than a REALTOR® from out of town.

Oh and last but not least.