When buying Toronto real estate, a novice buyer is always at the risk of making mistakes. Since, buying a home is a costly affair, a little negligence in this regard may cost you thousands of dollars down the drain. To avoid such monetary loss in the future, here is a list of mistakes that homebuyers make and it must be avoided for a satisfactory home transaction.
- Home Purchase for a Short Stay
Everyone around GTA knows that moving in Toronto or adjoining areas is expensive. Therefore, before finalizing an MLS Toronto listing, one should educate himself about the associated long term effects. Consulting with a Toronto realtor is highly recommended in this matter. Generally, buyers don’t think beyond staying 5-6 years in a home and the reason for a house shift could be anything varying from personal needs to the career needs. But, most of us fail to think that home moving matters have become exorbitant due to the land transfer tax, property relocating cost, HST and new home furnishing costs involved in it.
Therefore, it is better to invest in a house with a basement as you could feel a short of space in your living area over time. This one little step would save your space concerns if arise in the future. A little guidance from a reputed Toronto realtor could save you from a financial loss in the long run.
- Neglecting Factors Affecting Future Resale Value
Future resale value is another factor most buyers forget to consider while buying Toronto real estate. It could prove not less than a blunder during your home transaction. The factors which influence resale value are mostly visible and must be considered prior to finalizing your home deal. Avoid buying real estate property which is located near to any gas station, subway station, etc.
Also, when buying a condo make sure to inquire well about any high rise infrastructure development that can hinder the view of your condo. Considering these things will help you avoid negative impacts on your home’s future resale value.
- Being Too finicky
First time home buyers have a long list of amenities in their minds while looking for their dream MLS Toronto listing. But it is a bitter fact that to meet such demands, one has to have unlimited funds or else, you will have to compromise on a couple of things while searching for Toronto real estate. Being too picky during home deals may greatly mar the success of the process as you will not be able to take a sound decision. Eventually, you will end up spending high on an outdated home. In case, you are in doubt, it is better to ask a trusted real estate agent Brampton, Toronto or adjoining areas.
At every step of a home purchase, you will surely need a professional assistance of a leading real estate agent Brampton or Toronto realtor to avoid nasty mistakes. A trusted real estate agent would be of friendly assistance in arranging for staging services, so that you become more familiar with the property you are going to buy, at the same time avoiding home buying mistakes.
At www.vinodbansal.com, we are your top professional realtor, at the same time a friendly assistance to give you a satisfactory realty solution. We never hesitate to “tell like it is” as our ultimate goal is to serve in your best interests. While accompanying with us on a realty drive, you will have negligible chances of disappointment. We will always be there for guiding you to avoid mistakes at every step of home transaction, altogether- a top-notch realty solution, which is hard to forget.