
{"id":1219,"date":"2021-03-04T19:45:41","date_gmt":"2021-03-04T19:45:41","guid":{"rendered":"http:\/\/planulife.com\/?post_type=articles&#038;p=1219"},"modified":"2021-03-29T18:13:50","modified_gmt":"2021-03-29T18:13:50","slug":"tips-for-buying-in-the-spring-market","status":"publish","type":"articles","link":"https:\/\/lifelonginvestments.ca\/fr\/articles\/tips-for-buying-in-the-spring-market\/","title":{"rendered":"TIPS FOR BUYING IN THE SPRING MARKET"},"content":{"rendered":"<h3><u>Choose your agents well<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Commitment is not a bad thing in Real Estate and Mortgages.\u00a0 Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront.\u00a0 No one succeeds when you have multiple agents hounding you with listings and rates.\u00a0 It just creates confusion.\u00a0 Most great agents will not work like this.\u00a0 If they know you are playing the field they will move on from you.\u00a0 Remember the goal is to find you a new home with a great mortgage.\u00a0 You need to have pros on your side and available to you when you need them.\u00a0 If they know you are committed then they will move mountains for you.\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Mortgage Pre-Approval<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Getting a proper mortgage pre-approval is the first step.\u00a0 Full Stop.\u00a0 Even if you are selling your current home it is extremely important to open a file with your lender or agent to ensure they know all your most recent credit history.\u00a0 You can use apps like Credit Karma to check your score without issue just to check for any irregularities.\u00a0 A more robust credit check will be done later.\u00a0 However you need to fill out the applicable paperwork early and send your documents to your Mortgage Pro so they can ensure there are no issues that need to be taken care of.\u00a0 One important thing regarding your existing mortgage, you will want to know if you are subject to any fees for breaking your mortgage.\u00a0 This is very important and often a pain point when you find your closed mortgage will have a large penalty tied to it.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/h3>\n<h3><u>Know your Numbers and Stick to them<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Having a very good idea of your Mortgage capabilities is vital.\u00a0 It&#8217;s actually the number one most important factor in purchasing a home.\u00a0 Having a pre-approval is key to knowing your limits when purchasing but the process of going through the approval will assist in preparing you to get the final mortgage commitment.\u00a0 I like to use the phrase No Surprises because unforeseen credit issues can sink your deal in seconds.\u00a0 When you are buying in a hot market you don&#8217;t want surprises.\u00a0 When you do get your budget, Stick to it!\u00a0 Don&#8217;t feel compelled to shop for or bid on houses that are in excess of your Budget because there is no magic button at your mortgage company that will change your upper limit.\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Research the areas you are interested in<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">You probably know the type of house you want but you need to make sure you are very familiar with the area you are looking in.\u00a0 Check out schools, shopping, transit, businesses or recreation areas.\u00a0 Whatever is most important to you and get familiar with your target areas.\u00a0 Any preparation you do now vs. in the heat of the moment when you have found the right home will save stress and make things run more smoothly.<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Be Flexible and Creative<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Look past the Staging and polish of a potential home.\u00a0 Good Bones?\u00a0 Does the home have potential for your design ideas, does it need renovations?\u00a0 Can you make it your own.\u00a0 Staging works because we are all trained to look at things on the face.\u00a0 Remember on move in day the stagers will be long gone and you will be stuck with the 4 walls and floor!\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Don&#8217;t get married to the outcome<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">This is a sales term.\u00a0 It means keep some distance to your process.\u00a0 In a hot market you will lose out on some opportunities.\u00a0 Don&#8217;t get so wrapped up in one property that when you lose it you can&#8217;t envision any other homes.\u00a0 Many people start to measure every subsequent property to &#8220;The one that got away&#8221;\u00a0 Believe me do your best to have a more clinical view during your search.\u00a0 You will have less sleepless nights.<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Work the process effectively<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">This means respect your agents and listen to them.\u00a0 Don&#8217;t put off showings, understand the urgency of the market.\u00a0 If houses are selling in Days in a given area then the &#8220;Oh let&#8217;s go see it on Sunday&#8221; when it&#8217;s listed on Tuesday won&#8217;t cut it.\u00a0 Dedication to your home search will pay off.\u00a0<\/span><\/h3>\n<h3><span style=\"font-weight: 400;\">Make sure your agent is giving you value feedback for each property.\u00a0 Look hard at comparables, they tell the story.\u00a0 Chances are you&#8217;re not going to get the Diamond in the Rough low priced property, one in a million etc etc&#8230;\u00a0 If you have a good idea of where the market is in your target area you will feel more comfortable analyzing what you are looking at.\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Consult the Pros<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Whenever possible consult with the Pros.\u00a0 Inspections are essential so don&#8217;t pass on them if your negotiation will allow it.\u00a0 Speak to your Lawyer if you have doubts about any part of the deal.\u00a0 Check with the Municipality if you have questions about a Basement Apartment.\u00a0 Talk to an accountant about Tax questions.\u00a0 Your Realtor can help however it&#8217;s in your best interest to go to the most qualified Professional.\u00a0 Spending a little money now on a consultation can save you much more if things go wrong later.\u00a0\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Breathe<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">It&#8217;s an exciting and sometimes frustrating process.\u00a0 Just go with it and don&#8217;t get too discouraged.\u00a0 Your Real Estate Pro will help you.\u00a0 You will succeed.<\/span><\/h3>","protected":false},"excerpt":{"rendered":"<p>Choose your agents well Commitment is not a bad thing in Real Estate and Mortgages.\u00a0 Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront.\u00a0 No one succeeds when you have multiple agents hounding you with listings and rates.\u00a0 It just creates confusion.\u00a0 Most great agents will not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1223,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1219","articles","type-articles","status-publish","has-post-thumbnail","hentry","article_categories-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TIPS FOR BUYING IN THE SPRING MARKET - Lifelong Investments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lifelonginvestments.ca:443\/fr\/articles\/tips-for-buying-in-the-spring-market\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TIPS FOR BUYING IN THE SPRING MARKET - Lifelong Investments\" \/>\n<meta property=\"og:description\" content=\"Choose your agents well Commitment is not a bad thing in Real Estate and Mortgages.\u00a0 Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront.\u00a0 No one succeeds when you have multiple agents hounding you with listings and rates.\u00a0 It just creates confusion.\u00a0 Most great agents will not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lifelonginvestments.ca:443\/fr\/articles\/tips-for-buying-in-the-spring-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Lifelong Investments\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-29T18:13:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lifelonginvestments.ca:443\/wp-content\/uploads\/2021\/03\/unnamed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" 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confusion.\u00a0 Most great agents will not work like this.\u00a0 If they know you are playing the field they will move on from you.\u00a0 Remember the goal is to find you a new home with a great mortgage.\u00a0 You need to have pros on your side and available to you when you need them.\u00a0 If they know you are committed then they will move mountains for you.\u00a0<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Mortgage Pre-Approval<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">Getting a proper mortgage pre-approval is the first step.\u00a0 Full Stop.\u00a0 Even if you are selling your current home it is extremely important to open a file with your lender or agent to ensure they know all your most recent credit history.\u00a0 You can use apps like Credit Karma to check your score without issue just to check for any irregularities.\u00a0 A more robust credit check will be done later.\u00a0 However you need to fill out the applicable paperwork early and send your documents to your Mortgage Pro so they can ensure there are no issues that need to be taken care of.\u00a0 One important thing regarding your existing mortgage, you will want to know if you are subject to any fees for breaking your mortgage.\u00a0 This is very important and often a pain point when you find your closed mortgage will have a large penalty tied to it.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/h3>\r\n<h3><u>Know your Numbers and Stick to them<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">Having a very good idea of your Mortgage capabilities is vital.\u00a0 It's actually the number one most important factor in purchasing a home.\u00a0 Having a pre-approval is key to knowing your limits when purchasing but the process of going through the approval will assist in preparing you to get the final mortgage commitment.\u00a0 I like to use the phrase No Surprises because unforeseen credit issues can sink your deal in seconds.\u00a0 When you are buying in a hot market you don't want surprises.\u00a0 When you do get your budget, Stick to it!\u00a0 Don't feel compelled to shop for or bid on houses that are in excess of your Budget because there is no magic button at your mortgage company that will change your upper limit.\u00a0\u00a0<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Research the areas you are interested in<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">You probably know the type of house you want but you need to make sure you are very familiar with the area you are looking in.\u00a0 Check out schools, shopping, transit, businesses or recreation areas.\u00a0 Whatever is most important to you and get familiar with your target areas.\u00a0 Any preparation you do now vs. in the heat of the moment when you have found the right home will save stress and make things run more smoothly.<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Be Flexible and Creative<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">Look past the Staging and polish of a potential home.\u00a0 Good Bones?\u00a0 Does the home have potential for your design ideas, does it need renovations?\u00a0 Can you make it your own.\u00a0 Staging works because we are all trained to look at things on the face.\u00a0 Remember on move in day the stagers will be long gone and you will be stuck with the 4 walls and floor!\u00a0<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Don't get married to the outcome<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">This is a sales term.\u00a0 It means keep some distance to your process.\u00a0 In a hot market you will lose out on some opportunities.\u00a0 Don't get so wrapped up in one property that when you lose it you can't envision any other homes.\u00a0 Many people start to measure every subsequent property to \"The one that got away\"\u00a0 Believe me do your best to have a more clinical view during your search.\u00a0 You will have less sleepless nights.<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Work the process effectively<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">This means respect your agents and listen to them.\u00a0 Don't put off showings, understand the urgency of the market.\u00a0 If houses are selling in Days in a given area then the \"Oh let's go see it on Sunday\" when it's listed on Tuesday won't cut it.\u00a0 Dedication to your home search will pay off.\u00a0<\/span><\/h3>\r\n<h3><span style=\"font-weight: 400;\">Make sure your agent is giving you value feedback for each property.\u00a0 Look hard at comparables, they tell the story.\u00a0 Chances are you're not going to get the Diamond in the Rough low priced property, one in a million etc etc...\u00a0 If you have a good idea of where the market is in your target area you will feel more comfortable analyzing what you are looking at.\u00a0\u00a0<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Consult the Pros<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">Whenever possible consult with the Pros.\u00a0 Inspections are essential so don't pass on them if your negotiation will allow it.\u00a0 Speak to your Lawyer if you have doubts about any part of the deal.\u00a0 Check with the Municipality if you have questions about a Basement Apartment.\u00a0 Talk to an accountant about Tax questions.\u00a0 Your Realtor can help however it's in your best interest to go to the most qualified Professional.\u00a0 Spending a little money now on a consultation can save you much more if things go wrong later.\u00a0\u00a0\u00a0<\/span><\/h3>\r\n<h3><\/h3>\r\n<h3><u>Breathe<\/u><\/h3>\r\n<h3><span style=\"font-weight: 400;\">It's an exciting and sometimes frustrating process.\u00a0 Just go with it and don't get too discouraged.\u00a0 Your Real Estate Pro will help you.\u00a0 You will succeed.<\/span><\/h3>","rendered":"<h3><u>Choose your agents well<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Commitment is not a bad thing in Real Estate and Mortgages.\u00a0 Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront.\u00a0 No one succeeds when you have multiple agents hounding you with listings and rates.\u00a0 It just creates confusion.\u00a0 Most great agents will not work like this.\u00a0 If they know you are playing the field they will move on from you.\u00a0 Remember the goal is to find you a new home with a great mortgage.\u00a0 You need to have pros on your side and available to you when you need them.\u00a0 If they know you are committed then they will move mountains for you.\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Mortgage Pre-Approval<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Getting a proper mortgage pre-approval is the first step.\u00a0 Full Stop.\u00a0 Even if you are selling your current home it is extremely important to open a file with your lender or agent to ensure they know all your most recent credit history.\u00a0 You can use apps like Credit Karma to check your score without issue just to check for any irregularities.\u00a0 A more robust credit check will be done later.\u00a0 However you need to fill out the applicable paperwork early and send your documents to your Mortgage Pro so they can ensure there are no issues that need to be taken care of.\u00a0 One important thing regarding your existing mortgage, you will want to know if you are subject to any fees for breaking your mortgage.\u00a0 This is very important and often a pain point when you find your closed mortgage will have a large penalty tied to it.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/h3>\n<h3><u>Know your Numbers and Stick to them<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Having a very good idea of your Mortgage capabilities is vital.\u00a0 It&#8217;s actually the number one most important factor in purchasing a home.\u00a0 Having a pre-approval is key to knowing your limits when purchasing but the process of going through the approval will assist in preparing you to get the final mortgage commitment.\u00a0 I like to use the phrase No Surprises because unforeseen credit issues can sink your deal in seconds.\u00a0 When you are buying in a hot market you don&#8217;t want surprises.\u00a0 When you do get your budget, Stick to it!\u00a0 Don&#8217;t feel compelled to shop for or bid on houses that are in excess of your Budget because there is no magic button at your mortgage company that will change your upper limit.\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Research the areas you are interested in<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">You probably know the type of house you want but you need to make sure you are very familiar with the area you are looking in.\u00a0 Check out schools, shopping, transit, businesses or recreation areas.\u00a0 Whatever is most important to you and get familiar with your target areas.\u00a0 Any preparation you do now vs. in the heat of the moment when you have found the right home will save stress and make things run more smoothly.<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Be Flexible and Creative<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Look past the Staging and polish of a potential home.\u00a0 Good Bones?\u00a0 Does the home have potential for your design ideas, does it need renovations?\u00a0 Can you make it your own.\u00a0 Staging works because we are all trained to look at things on the face.\u00a0 Remember on move in day the stagers will be long gone and you will be stuck with the 4 walls and floor!\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Don&#8217;t get married to the outcome<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">This is a sales term.\u00a0 It means keep some distance to your process.\u00a0 In a hot market you will lose out on some opportunities.\u00a0 Don&#8217;t get so wrapped up in one property that when you lose it you can&#8217;t envision any other homes.\u00a0 Many people start to measure every subsequent property to &#8220;The one that got away&#8221;\u00a0 Believe me do your best to have a more clinical view during your search.\u00a0 You will have less sleepless nights.<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Work the process effectively<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">This means respect your agents and listen to them.\u00a0 Don&#8217;t put off showings, understand the urgency of the market.\u00a0 If houses are selling in Days in a given area then the &#8220;Oh let&#8217;s go see it on Sunday&#8221; when it&#8217;s listed on Tuesday won&#8217;t cut it.\u00a0 Dedication to your home search will pay off.\u00a0<\/span><\/h3>\n<h3><span style=\"font-weight: 400;\">Make sure your agent is giving you value feedback for each property.\u00a0 Look hard at comparables, they tell the story.\u00a0 Chances are you&#8217;re not going to get the Diamond in the Rough low priced property, one in a million etc etc&#8230;\u00a0 If you have a good idea of where the market is in your target area you will feel more comfortable analyzing what you are looking at.\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Consult the Pros<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">Whenever possible consult with the Pros.\u00a0 Inspections are essential so don&#8217;t pass on them if your negotiation will allow it.\u00a0 Speak to your Lawyer if you have doubts about any part of the deal.\u00a0 Check with the Municipality if you have questions about a Basement Apartment.\u00a0 Talk to an accountant about Tax questions.\u00a0 Your Realtor can help however it&#8217;s in your best interest to go to the most qualified Professional.\u00a0 Spending a little money now on a consultation can save you much more if things go wrong later.\u00a0\u00a0\u00a0<\/span><\/h3>\n<h3><\/h3>\n<h3><u>Breathe<\/u><\/h3>\n<h3><span style=\"font-weight: 400;\">It&#8217;s an exciting and sometimes frustrating process.\u00a0 Just go with it and don&#8217;t get too discouraged.\u00a0 Your Real Estate Pro will help you.\u00a0 You will succeed.<\/span><\/h3>\n","protected":false,"block_version":0},"categories":[{"term_id":10,"name":"Real Estate","slug":"real-estate","term_group":0,"term_taxonomy_id":10,"taxonomy":"article_categories","description":"","parent":0,"count":7,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles"}],"about":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/types\/articles"}],"author":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/comments?post=1219"}],"version-history":[{"count":8,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1219\/revisions"}],"predecessor-version":[{"id":1228,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/articles\/1219\/revisions\/1228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/media\/1223"}],"wp:attachment":[{"href":"https:\/\/lifelonginvestments.ca\/fr\/wp-json\/wp\/v2\/media?parent=1219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}