Make your move a stress-free one! The smart first step for both parties is finding a real estate professional you are comfortable working with. They will be the guiding light during the entire process.
For buyers, here are five tips for ensuring a successful real estate transaction:
1. Avoid overspending at all costs. Establish a budget and stick to it, no matter what. Being "house poor" will definitely overshadow the initial joy you feel from purchasing a home.
2. Don't get emotionally involved. It's easier said than done, but if a deal doesn't go through - whether it's an issue with price, conditions or a bidding war - be prepared to walk away knowing that your perfect house IS still out there!
3. Try to see the big picture. Don't get hung up on paint colours, a messy yard or ugly light fixtures. These are all easy fixes. Instead use big-ticket items, like the condition of the furnace, windows and roof to help aid in your decision.
4. Location, location, location. It's the one thing you can never change about the house you buy.
5. Start an emergency fund. Unforeseen (and expensive) issues can arise at any time for homeowners. Having funds set aside specifically for this purpose will bring peace of mind.
Tips for sellers:
1. Spend money to make money. To maximize your home's selling potential, make any necessary minor repairs, give tired walls a fresh coat of paint or hire a stager.
2. Don't over price. It's a waste of everyone's time, including yours.
3. Never underestimate the power of a clean house. Your home should be spotless for showings and open houses. No exceptions!
4. Start packing as soon as the deal has been finalized. Just pack a few boxes every day. Procrastinating on this time-consuming chore will leave you stressed out as the days get closer to moving day.
5. Research your movers. Nothing messes up a moving day more than unreliable movers, so be sure to ask friends and family for recommendations, do some research and get everything in writing.