Save Thousands On Your Home Purchase
Transcribed from the Michal Sluka / Michael Huber YouTube Video – see below for written, condensed version.
1) Hire a Professional Realtor
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Will advise you on pricing and value in your desired area
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Compare your purchase with comparable recent purchases on the MLS system, ensuring you will not overpay.
2) Hire A Professional Mortgage Broker
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Seek out all available options in the lending world
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Find mortgage financing that fits your income and life situation perfectly
3) Home Inspection
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Ensure you understand the physical state of the property you are purchasing
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Use the report to re-negotiate purchase price if you find deficiencies that will immediately cost you money.
4) Mortgage Pre-Approval
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After analyzing your finance situation, your mortgage broker will be able to provide you with a pre-approval/interest rate hold
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Use this mortgage pre-approval document when you make an offer to purchase to improve your negotiating position, showing the seller that you are prepared financially to buy the home.
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Bank account statement showing deposit of funds into purchaser’s bank account
Thank you very much for reading. Please share 🙂
One of my hobbies is blogging about mortgages, debt and government policy. During the day I’m a MORTGAGE BROKER in Kelowna, BC!
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Learn more by reading this informative article from The Balance.