Apply for your mortgage pre-approval.
Your first step is to get pre-approved with a mortgage broker, which involves getting an idea of what you can afford. When you’re pre-approved, it means a lender has reviewed your credit history, verified your assets and employment, and has pre-approved your loan before you find a home to purchase. Pre-approval gives you substantial leverage: sellers immediately see you as a serious buyer. Not only will you know the exact price range you can afford, but you’ll also be able to negotiate a better deal, and move more quickly when you see a home you like.
Define your needs versus wants.
Determine the area in which you’d like to live and the style of home you prefer. Everyone has a picture of their ideal home, but it’s important to define your “needs” versus “wants” in order to work within your budget.
Find the perfect home.
Location is everything. When purchasing a new home, check out the neighbourhood. Ask yourself these questions: What amenities does the area offer? Are there schools, parks, restaurants and shopping within reach? Consider visiting schools in the area if you have children. Is public transportation close by? All of these factors will influence the way you experience your new home. HofVan will help you find the perfect home and acquaint you with the neighbourhood before the purchase.