Some Advice to Consider when Buying a House

As a mortgage broker and consultant in Vancouver, Lending Experts comes into contact with many first-time home buyers. We understand that the process of buying a home is subtle and sometimes exasperating.

Securing your mortgage guarantee:

Assuming you have received mortgage backing from your lender, you know what you can afford to spend. If you haven’t, your mortgage broker and consultant in Vancouver can assist you in the process.

Negotiating with the seller: 

Now begins the process of negotiation with (and in some sense, wooing) the seller. This is an important time. If you are in the middle of a purchase or negotiation you must commit to being available. This is not the moment to vanish for a week to the Bahamas. This is the moment to be present and see the transaction through.

Finding leverage: 

A lot may depend on how much of a hurry the buyer is in. Are they willing to sit on the house indefinitely? Or do they need to offload the property quickly? Maybe they’ve already bought another home or are due to start work in a new location. All this will determine where the leverage lies in the negotiation.

Being reasonable:

Be reasonable. Offer them a price you think is fair. Bidding too low can sour your relationship with the seller. They may interpret it as aggressive or insulting. If you’re selling another house to fund this coming purchase, wait until you’ve secured the sale. A property chain can be tricky. Use your common sense. It’s all about timing.  

As a mortgage broker and consultant in Vancouver, Lending Experts is there to assist you with any mortgage or financial advice. Our qualified experts are familiar with the property sector. They can negotiate with your lender on your behalf.