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Purchasing a property involves multiple decisions. Finding the perfect home isn’t easy, and getting a mortgage loan can be a complex process. That’s why working with the right professionals can make that journey enjoyable, simple and fun.
Read HofVan’s real estate guide below and learn the simple way to buy a home — the process can be easier and less expensive than if you undertake this task on your own.
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.
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.
NOTE: This representation is based in whole or in part on data generated by the Greater Vancouver Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy. Copyright 2019 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, and BC Northern Real Estate Board. All Rights Reserved.