When purchasing a home, you want to be both well informed and educated on the market you are shopping in. As we say, the best buyers are educated buyers.  So knowing the ropes before you start will be a key contributor to your success.  The goal of this article, is that when you are buying a home in Winnipeg, there will be no surprises.

Initially, be flexible in your dreams list.  Regardless of budget, whether it be $50,000 or over a million dollars, you will likely have to make some compromises on your purchasing decision.  But as time goes, determine what is important to you.  Is area more important? Or are finishes more important?  What kind of projects are you comfortable with?  Knowing the answers to these and many more questions will give you confidence in your final purchase decision.

Also keep in mind that negotiations are part of the game.  Buyers will have a price they think the house is worth.  Sellers will have a price that they think the house is worth.  The reality is we often settle somewhere between these two expectations.  A declined deal does not necessarily mean a dead deal. There are always negotiations that can continue including who will cover some closing costs, who completes some repairs, or if changing items such as possession will sway parties. It never hurts to ask..

When considering Windsor Park Real Estate property, you cannot go wrong, as long as the mortgage payments and arrangements will fit your budget.  We also advise that you have emergency funds set up in the event that covering a mortgage payment or two could be an issue.

Home insurance is another thing you will be required to have in place prior to possession. The lawyers will actually ask for proof of insurance.  If ever you need help with a reliable mortgage broker, let us know as we can put you in touch with one.

If you are Selling a house in Winnipeg, you need to anticipate the expense. The closing expenses are typically between 1-2% of the purchase price in Winnipeg. Most of the time, extra costs that creep up are tax adjustments, disbursement fees, title searches, GST on services, etc.

Do not make any rash decisions when it comes to purchasing your home.  Having a list and revisiting it frequently to ensure you are still on track will be of great benefit. Then should any of those feelings of doubt creep in, you can always confirm that you are on track and doing the right thing.  Home ownership is scary, but it is so worth it!