There’s no doubt that the process of buying a home can be overwhelming. If you try to go through it alone, there’s a good chance that you’ll feel incredibly stressed. You may even make a few mistakes along the way. Fortunately, it doesn't have to be that way! There is help available to make the process as easy as possible.
We’ve come up with a list of professionals you should consider working with during the home buying process. Some of the people on our list are primarily needed by those who are buying resale homes, while others only apply to those buying brand-new homes. Use our ideas to put together a list of the people you might want on your team as you buy a home.
The mortgage specialist takes a look at your finances and tells you how much you’ll be able to borrow. They’ll be able to answer any questions you might have about financing your home. Some mortgage specialists are associated with a particular bank. Others act as brokers, comparing mortgage offers so that you can find the best deal, these brokers don’t always look at every single option available.
Buying a resale home is a straightforward process, but when you build a home, you’re often applying for the financing in stages. It’s helpful to work with a mortgage specialist who’s familiar with construction loans if you want to avoid delays. Sterling Homes have relationships with some trusted mortgage specialists, just ask the Area Sales Manager you're are dealing with to recommend one for you.
Those who are building new homes will want to work with the builder’s Area Manager. This person knows everything about a particular community, and he or she can act as a great resource when you’re deciding where to build a home. They can help you be sure that the community will meet your needs and help you choose a lot within the community. Most builders have one Area Manager for each community, so you may not be able to choose the person you work with. However, at Sterling Homes you can use the person you have developed a relationship to buy in any community Sterling Homes builds in, developing a good relationship with this person can ensure a positive experience.
Real Estate Agent
Purchasing a new home from a builder can be an exciting, rewarding and a daunting task. There are so many builders, neighborhoods and options that the choices may become overwhelming. How do you narrow the search and make the right decision? Builders like Sterling Homes, working alongside your Realtor will show you how!
Many Realtors has extensive knowledge of the new home industry having worked many years with a number of the area’s top builders. If you are a first time buyer, Realtors will help you reduce the research time and guide you through the entire process. In the end, you will find a brand new house, fully-warranted, that you will be proud to call home.
Did you know that some home builders have their very own professional design centre to help buyers make decisions about the features they want in their new home? Talk about convenient! Those who are looking at resale homes should definitely consider getting some input from an interior designer, too. It’s a lot easier to make adjustments to the home, such as fresh paint or minor upgrades before you move all of the furniture into the home.
Anyone buying a resale home needs to hire an inspector, but people who build new homes sometimes hire their own inspector as well. The inspector carefully looks at the home to uncover any flaws. In a resale home, the inspector might uncover things like hidden mold, cracks in the foundation, or an ageing roof. This prevents the surprise of major repairs soon after moving in.
Legally, builders are required to hire inspectors throughout the building process. For instance, they’ll need someone to inspect the foundation before they can move on to building the rest of the home. However, some buyers feel better about getting a second opinion from an independent inspector.
Some people choose to hire a financial planner at some point during the home buying process. The financial planner might help you improve your credit score so that you’ll qualify for the best rates. They could also help you understand the tax implications of buying a home. Those who have more complicated financial situations, such as people who are self-employed or small business owners may be more likely to require the services of a financial planner.
Real Estate Lawyer
When you purchase your home, you’ll want a lawyer on your side. It’s helpful to have a lawyer look at your purchase agreement to protect your interests if you’re building a new home. The lawyer will be able to answer any questions you might have about what happens if you change your mind. Everyone needs a lawyer at the end of the buying process when signing the final closing papers. Your lawyer will watch for any clauses that you might regret later. Most of the time, making the purchase legal is a fairly straightforward process and most people use the builders' lawyer at no extra cost.
While some of these professionals might charge a fee for their services, the expertise you gain will be worth it. The good news with new home builds is they have a team of knowledgable staff ready to help you, free of charge!