MaLuda Hussaini – Is Provide Vancouver House for Sale and the Surrounding Area

Buying a home in Vancouver can be an overwhelming and complex process at times and so it’s no surprise that buyers, especially first-time buyers make some mistakes along the way.

Vancouver House for Sale.

You don’t want to make these mistakes because they can cost you tens of thousands of dollars when you’re buying a home.

I’m going to take you through my top six first-time home buyer mistakes and show you how to avoid them. 

I’d like to educate you all about the process of real estate and some points to consider when buying for the first time.

So when you’re buying a home, you’re probably really excited but you’re also fairly nervous and that’s what can happen when you’re feeling a little bit unprepared.

So you want to make sure you’re prepared and don’t make some of the mistakes that I have seen first-time home buyers make that ended up costing them tens of thousands of dollars.

I am going to break down those mistakes that first-time home buyers make that cost them tens of thousands of dollars so you can see those problems coming and avoid them entirely.

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

How many times have you heard someone say, “You have to buy a house right now cause it’s the absolute best time.” And then 10 minutes later, you hear somebody else say, “No, do not buy a home right now.

It’s the worst time you could possibly even think about buying a home.” I bet you’ve heard that an awful lot because there’s a lot of people that talk about trying to time the market and I’ll let you in on a little secret.

You can’t time the market.

If you know somebody who’s been able to buy and sell consistently and time the market every single time, have them buy you a lottery ticket because they are awfully lucky.

If you end up buying at a great time and selling at a time when prices have gone up a bunch and you’ve made a bunch of money, you’ve done really well for yourself.

Instead of trying to time the market, you should be focusing on buying a home because it improves your quality of life. Whether you are having an expanding family, you’ve changed jobs or changing cities but you’re buying that home because it makes your personal situation better and improves your quality of life.

And I’ve seen this question about, “When should we buy?” stressed out home buyers all the time. They’ve got 10 different people telling them different things.

Five say, “Interest rates are as low as they’re ever going to be. Prices are low. This is the best time to buy.” And then five other people are telling them, “The real estate market is going to crash next year. You’re going to be able to buy a home for like 50% off.” No, don’t stress out on those types of things. You want to focus on buying a home when it’s the right time for your personal situation, when it’s going to improve your lifestyle.

Because if you’re sitting, waiting to time the market, you’re probably going to miss it.

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

Do you know what’s the one thing that can single-handedly improve your chances of getting your next home? 

A preapproval! As easy it sounds, you cannot just go online, do a quick little online mortgage calculator, boom! – You are approved for $1.2 million.

That’s not how it works.

You need to sit down with a mortgage specialist who’s going to verify your credit history, what your credit score is, your down payment, your income, your debts, after you know all that, then you’re going to know what the maximum you are able to spend.

Now, that doesn’t mean that you should spend that maximum amount, you want to look at that amount and then do a budget up to see how that fits within your budget, and make sure when you are doing that budget, you know what all the costs are going to be associated with not only the ownership of the home but what are going to be some of the additional upfront costs when buying a home.

But when you do that budget, make sure you account for things like job loss or interest rates going up, and can you still afford that home?

Does it fit within your financial capacity?

Do you feel comfortable buying the home with that payment knowing what it’s going to be?

So getting a pre-approval done and doing that before you start shopping, before you fall in love with a home, that is one of the biggest mistakes I’ve ever seen first-time home buyers make, they fall in love with a home and they can’t afford it cause they haven’t done a proper pre-approval. 

I help buyers find homes every single day and even with all that practice, I have yet to find the perfect home for somebody that meets all of the criteria and checks off every single one of their boxes. And it’s not for lack of trying!

The perfect home that you’re looking for, it’s a unicorn, it doesn’t exist outside of what’s in your head and what you’ve written down on your wants and needs list.

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

I promise you, you’re never going to find a perfect home.

What you’re looking for is finding the best home at the time when you’re ready to buy. In that period of looking, go find the best possible home during that time period because remember, you’re buying a home because it improves your lifestyle.

And is sitting around waiting for the perfect home that probably doesn’t exist, is that improving your lifestyle? Probably not. So focus on finding the best possible home versus stressing out trying to find the perfect home.

This should be one of the very first steps that you take and that is writing down that list of wants and needs. It’s so easy to just go into homes and go, “Ooh, the kitchen is pretty. I like this one, let’s buy it.”

But sit down, write down that needs and wants list. Actually physically write it down because it’s not going to make it more concrete for you, but it’s going to help your realtor because they know what you’re looking for.

As of right now, we can’t read your mind and we might want to, but we can’t do it yet. Now, this wants and needs, like I said, should be one of the first things you do and can also be figured out with a home buyers guide with your realtor as they may bring up points you hadn’t considered. 

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

Sometimes these questions usually work backwards.

So maybe start with, hey, I definitely don’t want these things and then help you fill in the blanks for the wants and then to kind of, you know, maybe I would like this if I can get that type of category, so wants, needs, and absolute deal-breakers, things you can’t have.

And this is going to change, I promise you guys, you’ll write this down, you’ll go see a couple of homes and things that were wants are going to become needs and things that were needs are going to become wants and maybe even some deal-breakers are going to change.

But you want to have some fun with this, write down that list, make a copy of it, put it away, don’t do anything with it until you buy a home.

Once you bought a home, go through, pull out that first list that you made and see how that home compares to that very first list that you made and maybe even compare it to see how your list of wants and needs change.

Okay! You knew the realtor was going to tell you, you need to hire a buyer’s agent when you’re buying a home.

Right, of course, he was going to tell you that. I’ll let you in, in a little secret though, you don’t need to have a realtor to buy a home but I do believe it can provide you with a lot of benefits.

A good realtor should be able to provide you with some experience, knowledge, confidence, and more than anything else, convenience.

That’s what a good realtor should be able to provide to you.

Now, don’t just go out looking for that unicorn home by looking at open homes and then hoping when you do find that amazing dream home that you never thought was going to exist and having a listing agent write that offer for you.

You want to have a buyers agent who’s looking and dedicated to finding you that perfect home or they’re going to die trying.

And I recommend that you should have a few agents sit down in front of you and you should interview those agents to find the right one that fits with what you’re looking for.

When you interview them, they should have a package available for you, you should be confident that they’re going to find you that home. 

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

OK back to first time buyer mistakes

I told you I was going to come back to this one and I left it to the end for a reason because this is probably the number one mistake that I see first-time home buyers make.

And that is getting surprised by additional fees when they’re buying a home.

Because it’s not just saving for down payment, you’re done, there’s going to be “closing” costs and this is where buyers get surprised and now they’re unhooked for thousands and sometimes tens of thousands of dollars that they didn’t anticipate they were going to have to pay.

So you need to know upfront what “closing” costs in your market you’re going to have to pay.

Some of these will include things like your legal fees, property transfer taxes, CMHC fees, your inspection fees, plus like I said, no home is perfect, so you’re probably going to have some renovations that you’re going to want to do right off the hop.

And you need to have money set aside for that, cause the last thing you want is a week or two before possession, you get an additional bill, potentially for thousands of dollars that you didn’t anticipate and you hadn’t budgeted for, and now you’re scrambling to try to get this bill paid before you take possession of your home.

So make sure you know all of those additional costs in addition to your deposit(typically 5% of the purchase price) that you’re going to have to pay when you have put in an offer on a property and removed your subjects/conditions because these can quickly add up and you don’t want to be scrambling just before possession to pay these. 

Now you know the six mistakes that first-time home buyers have made when they’re buying a home.

And as you can see, a lot of it comes down to being more educated about the process of buying a home.

Email: hello@maludahussaini.com

Telephone: (778) 316-4663

House For Sale Near Vancouver

---

MaLuda Hussaini
Vancouver House for Sale- House for sale North Vancouver
House for Sale West Vancouver
778-316-4663
Looking for a free estimate? contact us —> click here

---

Back to Home Page: Vancouver Condos for Sale

BACK To: TOP of PAGE

Author: Maluda Hussaini

SEO Ottawa – John Internet Marketing Ottawa