According to The Globe and Mail, Greater Vancouver’s real estate market is on the rise once again after a period of a long slump. This means that listed prices of homes have become a lot more realistic to encourage more real estate shoppers to grab the opportunity to buy a home. However, enthusiastic first-time home buyers may be unfamiliar with the right practices involved in the house-buying process. Here are a few tips to remember.
When looking into homes, for instance, it is tempting to look for two- or three-story houses right away. However, you need to set realistic expectations if you and your spouse have only recently gotten full-time jobs and don’t have enough savings to afford a huge down payment. A starter home is fine as there are many realtors who can help you find one that is the right fit for you and your spouse.
Realtors are there to offer you advice, so be sure to listen to them as they are very knowledgeable in the subject. If you have your eye on a luxurious condo which you’ll have to work doubly hard to afford, don’t be defensive when you are given advice on how you can manage. Instead, be open to suggestions and maintain to keep an open mind on more feasible options.