Let Me Help You Every Step Of the Way.
When purchasing a home, you are faced with a multitude of decisions. Finding that perfect home is not an easy task, and obtaining a mortgage loan can be a complex and tiring process. Once you've made the commitment to reach that home-purchasing goal, though, the rewards you can achieve are unquestionable.
Assisting you every step of the way, we will make the process of purchasing a home in the Okanagan easier, more enjoyable, less time-consuming, and less expensive than if you undertook this challenge on your own. We will help you prepare so that sellers perceive you as a preferred buyer, help you locate and assess properties for sale in the South Okanagan that match your specifications, and guide you through the myriad of details attending the actual purchase.
Julius, our senior team member, has sold homes in the South Okanagan for more than 20 years. He has his finger on the pulse of the valley's real estate market and knows neighbourhood values inside and out. Alex and Craig bring their knowledge of global markets and local community. Together, we will help you determine which properties are fairly-priced and in good condition before you start your search.
Your First Step
Your first step in the home-buying process is to define the reasons why you want to purchase a new home. To stop paying rent? To start building equity? To have a place of your own? To raise a family? To move up to a bigger house?
Determine the style of home you prefer and the Okanagan area in which you'd like to live. Be specific.
Develop a needs vs. wants list. Everyone has a picture of their ideal home. This home would include all the features you not only need, but have long desired. However, when it comes time to buying a home, these desired features constitute additional costs. While it's nice to think about having an artfully landscaped backyard, or built-in appliances, these are usually considered luxury items, which can add considerably to the price of your property.
Begin the list with items you absolutely need like adequate room, garage space and number of bedrooms. How much space do you really need? Does your situation require a one-level home, or are stairs acceptable? Basic needs should be considered first. After these have been established, you can consider additional features if you can manage these benefits financially. With such a list in your hands, you're less likely to be caught up in the excitement of the pursuit. You'll have a good idea of what you want, the features within your price range, and whether or not you can afford those additional items.
Think of yourself as zeroing in on a target, going from the general to the specific. Consider area (Penticton, Naramata, Kaleden); neighbourhood (older and settled or brand new). Check out the neighbourhoods you're considering, and ask around. What amenities does the area have to offer? Are there schools, churches, parks, or grocery stores within reach? Consider visiting schools in the area if you have children. How will you be affected by a new commute to work? Are there infrastructure projects in development? How close are you to the lake? All of these factors will influence the way you experience your new home, so ensure you're well-acquainted with the surrounding area before purchasing. To learn more about what to look for in a new neighbourhood, please visit my Special Reports section!
Your Next Step: Loan Pre-Approval
Once you've narrowed down your list, you're ready to take the next step in the purchasing process: getting pre-approved with a South Okanagan mortgage company. While getting pre-approved may sound daunting, it actually just involves getting an idea of what you can afford. When you're pre-approved, this means that a lender has reviewed your credit history, verified your assets and employment, and has approved your loan before you've found an Okanagan home to purchase.
Pre-approval gives you substantial leverage: sellers immediately see you as a serious buyer. Not only will you know the exact price range you can afford, but you'll also be able to negotiate a better deal and move more quickly when you see an Okanagan house you like. Depending upon market conditions, a seller may lean towards an unconditional offer, so you'll have less negotiating power if you have to wait for mortgage approval. Banks and financial institutions have developed many programs catered specifically to home buyers. Once you review your needs and objectives with a lending officer, you'll be one step closer to purchasing your home in the Okanagan.
Contact us and we'll be happy to refer you to an Okanagan mortgage professional with an excellent reputation and track record for successfully acquiring loan approval for his/her clients.
Let Us Find the Perfect South Okanagan Home for You
It is a very time consuming process to view every home available that meets your needs. We can do much of the work for you, by establishing your needs, then reviewing a range of properties and advising you of potential matches. We have my finger on the pulse of housing trends and prices and access to the best possible resources and communication systems available today to help you locate homes on the South Okanagan real estate market that match your specifications. A comprehensive knowledge of the available homes in your Okanagan neighborhood is one of my strongest assets.
Once you've been pre-approved and know what price range you plan to stay within, we can help you determine which properties fit your needs and wants, using the (MLS) Multiple Listing Service system.
Start your search now - and view our current listings!
We Will Help You Every Step Of The Way
As top South Okanagan Realtors with years of experience and a proven track record, it is our job to guide you through this complicated process, from beginning to end. Contact us today, together we will prepare a unique system to suit your particular needs and goals. From helping you find your dream home to closing the deal - and every small or large step in between - we will be there to ensure your journey to life behind a new door is a smooth one!
Team Bloomfield of
ROYAL LEPAGE LOCATIONS WEST REALTY