Homebuying Process

There’s a lot of myths that surround the homebuying process.  People like to think that they know what to expect, but without properly researching it, you may skip steps or try to do this out of order.  Each of the following actions is necessary to buy a home, except for one, and they all can improve the process and make it go as smoothly as possible.

Here’s what to do when buying a home!

Secure A Loan First

Before you look at any properties or try to window shop Banff homes for sale, you have to secure a loan.  Don’t go with the first lender who approaches you, instead try to find someone whose interest rates are appealing to you, who’s been doing this for long enough that you can trust them, and who is thorough in what you should expect from each other.


Without securing the loan first, you may not be taken as seriously, and you could lose your chance at fantastic properties. So take care of this first, and then move to the fun parts.

Find an Agent or Realtor

This is the one step that isn’t necessary for everyone but is still highly advised.  When buying a home, try to find an agent or realtor who seems to recognize your wants and needs and knows what they’re doing.  These professionals can work with you on what your budget looks like, can help you understand why you shouldn’t spend at the top of it, and can help check out the difference between your wants and needs when it comes to houses. In addition, they’ll guide you through the process and protect you along the way.

Look at A Selection of Properties

Don’t stop at the first home you see!  Instead, shop around like you’re looking at used cars.  Listen to what flaws they may have, consider the distance they are from the locations you go to most and put in the effort to see what living there would look like for you. So many people don’t find their perfect home, but they can make a great home they find and turn it into their ideal home over time.

Put in a Competitive Offer

Accepting the listing price is a mistake that you have to be better than.  Instead of taking this high price, try to put in an offer tens of thousands of dollars less and see if they’ll play.  Of course, whatever you offer should reflect what type of market you’re in.  If you’re in a buyers’ market, you can ask for far more, but in a seller’s market, you should be more cautious, or the home may be snatched out from beneath you.

Be Flexible With the Seller

If the seller seems stuck on a price ten thousand above what you want to spend on the home, consider requesting perks to make that price something you like. For example, ask if they’ll throw in the furnishings or if they would cover your closing costs.  These are both fantastic middle grounds that can help you get a great deal on a home while also moving forward with the seller.