4 Key Factors When Looking at Real Estate Listings in Edmonton
Here are 4 Key Factors When Looking at Real Estate Listings in Edmonton
When looking for your dream home amongst the thousands of Edmonton real estate listings, you can easily spend hours “virtual touring” every house on the market without finding the right one. Luckily I have four factors to consider when looking at real estate listings in Edmonton.
1. Get your mortgage pre-approval
Before you even start searching for a home, it’s highly recommended you get the pre-approval for your mortgage in place first. It might not seem like the most exciting first step, but getting pre-qualified helps you – and your REALTOR® – search for homes within your budget. During this step, you will find out how much you’ll be approved to borrow from the bank, what the payments to expect should be, and what you’ll need for your down payment and closing costs.
Having this information will help you narrow your search. Shopping within your pre-qualified budget can save you from being heartbroken later if you fall in love with a home outside of your budget. Having that pre-approval in place also makes the whole purchase process easier as your lender will have all of the documents they need to finalize your financing condition for the sale.
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