Tips for first time condo buyers

Buying a condo can be tricky and confusing, whether you’re buying your first home or your third. Between finances, the market, and other many things you need to do, it can become very overwhelming. So if you’re looking to buy Condos for Sale Winnipeg, here is a list to make the process a little easier.

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Checking your credit is one of the first things you should do when thinking about buying a condo. If your credit score is low, then you’ll want to start taking the necessary tips to increase your score. Speak with a professional and they can teach you the best ways to prioritize your payments and the best ways to improve your score.

Do your research
If you have a specific neighbourhood in mind it is always good to do some research on that area before hand. Check the price of the listings both active and sold, check the average days on the market and the average price of each sold listing. It is best to speak to a Realtor Winnipeg to get all of this information.

The Costs
There are a lot of costs when first owning a home, so it is best to know everything before going into it. There is of course the mortgage and down payment to purchase the condo, but there are also things like property tax, home insurance, etc. Also don’t forget about closing costs, the costs to buy new furniture, yard maintenance tools, etc. Speak to your real estate agent to get a list of all of the items that are going to cost money, not and in the future.

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Now that you have that information, you can work with your Realtor Winnipeg to find the right home. Realtors have access to the MLS and access to all listings in the area you want. Give the realtor the list of wants and needs that you desire, so they can give you a list of all the condos that meet your criteria.

Home Inspection
The inspection of the condo is one of the most important parts of the buying process. When the inspection is taking place, make sure that both you and your realtor are present, and making a list of all of the concerns the inspector may have. Make sure to ask the inspector common issues found in home inspections. Once you have this info your agent can work with the seller on repairing these issues.

These are just a few of the many things you’ll need to know when purchasing Condos for Sale Winnipeg. For more information about contact Kevin Moist today!