When looking to buy a home, how do you find the right house? Worried you won't be able to find the right one? In this episode , we discuss the necessary steps to take so you find the right house including mortgage pre-approval, choosing a location, home upgrades and more...
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Hi everyone, and welcome to another edition of Homebuyer's school. Today I'm joined by Jessica McNabb, Area Manager with Brookfield Residential.
Today the question we're going to answer is:
What if I can't find the right house? And how to find the right one
A lot of times when we're meeting our homebuyer's it can be really overwhelming when you're looking at all across the city you're looking at:
Do I want a resale home? Do I want a new home, [00:00:30] do I want a townhouse? there's a lot of different questions.
What our position is, is to help people kind of set their mind at ease and sit them down and say "Have you been pre-approved yet?" That will be your first step.
Steps to buying a house
It can be a bit overwhelming, but making I at step-by-step process is something that we specialize in:
- Pre-approval would be the first step, and
- Then from there you would sit down with your family and sit down with us and come up with a list of what's important.
- Proximity to school, proximity to work, and then you could choose the right community that's for you.
- And then once you've decided on the community [00:01:00] there's going to be different show homes within the community and different resale homes within that community.
- And then you could either have a real estate agent bring you through the resale homes, or you could come to all the different show homes and get different ideas.
That's kind of the main thing.
Do most people look at community first or house first, or is it based on your needs?
What we find is that most people nowadays they go on their phone and they look at all the different areas in the city, and they look at the show home and they think this show home looks like it's a great picture, I'm going to go see this show home. [00:01:30]
Definitely they don't really look to the community first, but it's a great start.
Great start, okay. Any other things from a step-by-step process in terms of trying to find, making sure that you don't end up saying that I can't find the right house?
Let's say you have decided I want to be in a certain community and you're going to go from three different show homes and you just can't make a decision, because that's what most people that we see are going through.
What you're going to do is you're going to sit down and make a list of all the different things included [00:02:00] in that home, and then you're going to see the price.
Really people will think this one has a deck, and this one has courts, and it can be confusing because we're all apples to apples at the end of the day.
It's just with your family what's really important to you?
That courts could be really important, or that deck could be really important I guess based on lifestyle as well.
Jessica McNabb: Definitely.
How about the type of house, does that kind of factor into it as well?
A lot of people are looking at do I want to get a townhouse versus do I want to get a [00:02:30] single family home?
A lot of times the budget could be for $350,000 and you're looking at the townhouse, and you could get the townhouse for $300,000 but then you also have to factor in your condo fees.
Yeah, okay. And how about single family homes, are you looking at the price as well?
Yep, definitely. When you're in the single family homes you could be starting at that $350K range and you think I'm pre-approved for that.
And then once you go into the show home there's a few different upgrades that are going to bring it over the budget, so [00:03:00] then maybe the townhome would be better for you because you could have it with the upgrades that you want.
And obviously the different types of fees, one has the condo fees versus one that doesn't have the fees, but it could have the homeowner's fees, so could have different fees for that.
Jessica McNabb: Yeah, for sure.
Karl Yeh: Awesome. Is there anything else you'd like to add?
Jessica McNabb: No, I think that's great.
Awesome, well thank you very much Jessica. Thank you very much everyone for joining us and we'll catch you next time.
Let us know if you have additional home buying questions that we can answer by submitting them in the comments section below.
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About Jessica McNabb:
University of Alberta: Bachelor of Science in Registered Nursing 2011 McConnell Place North Alzheimers Care Centre 3 Years - Client Care Leader Brookfield Residential 6 Years - Area Sales Manager Sold over 200 Homes
While a career in Nursing was extremely fulfilling, I also wanted to explore a career in home sales. After 6 years of being in the New Home Sales Industry, I still feel the same sense of fulfillment through taking clients from start to finish building their home.