Parker Realty
Charlottetown, PE
Phone: 9025664663 Fax: 9025663377 Email Parker
For Buyers Buyers Toolkit

It's natural that home buyers are excited and eager to find the house of their dreams during the home buying process. Real estate agents typically tell sellers not to be overly emotional during the process, because it may jeopardize their sale. However, some buyers may be unaware that approaching the buying process with too much emotion can also take its toll on their prospects as well.

It's important for buyers to keep in mind that purchasing a home is a business deal, and like any formal agreement, it's best to go in with a clear head.

Take several looks at the home


When it comes to shopping for a house, every person has their own way of deciding what they want. However, making snap judgments about a home after one look can make some pass up a great offer because they believe there are better deals available, while others might choose a home too quickly without exploring other options. Striking a balance between the two is important, because it gives buyers the chance to really examine each house they visit and weigh the benefits and drawbacks of all their options.

For example, buyers who are frequently looking for a better deal may pass up homes that have all the amenities and features they are looking for within their price range. Over time, they may find that all the homes they passed up were the best options, but many of these may already be off the market. In contrast, buyers that fall in love with a home immediately may experience regret down the road if they don't take an objective view of the property. It's important that buyers go through all the advised procedures, such as getting the home inspected and appraised and making sure it falls within the right price range to avoid overpaying.

Make a realistic offer


Buyers who are extremely interested in a home should be very careful about making realistic offers, and working with their Parker Realty real estate agent to know how much a property is really worth. Making lowball offers for the sake of negotiating can cause buyers to quickly lose out on a home sale. In addition, making a significantly higher offer may result in buyers overextending their finances.

The “Must-Haves” vs. “Nice-To-Haves” for a First Home


When dreaming of a first home the options are endless. From a backyard oasis with a patio and swimming pool, to a gourmet kitchen with the most up-to-date appliances, plenty of space to entertain friends or a gorgeous master bedroom suite, no first time home buyers wish list is the same. However, in reality, it is not always possible to find a first home with everything, so buyers must decide in advance what items are “must-haves” and “nice-to-haves” on a first home wish list.

To help first-time home buyers, the professionals at Coldwell Banker Real Estate have provided the following five tips to help determine what they will need vs. what is nice to have in a first home.

Know your budget: The first step to creating a list of “must-haves” is to be realistic about what is affordable and determine a budget. Buyers should enlist a local real estate agent to help with the home search. An agent with years of expertise understands the local market and can help buyers find comparable home prices and determine what is affordable in their budget.

Find that perfect “location, location, location”: Everyone has heard this phrase before when it comes to real estate, and while the surrounding neighborhood and home itself may improve over time, the physical location will remain the same. Buyers should determine in advance how close they would like to live to their work, schools or extended family. A short commute to work, proximity to family or having easy access to highways and mass transit are often “must-haves.” The location will also determine some home amenities that are possible or difficult to have within the buyer’s budget. For example, if a buyer has to live close to work in a big city, they may have to cross a garage or outdoor space from their wish list.

Determine non-negotiable accommodations: A comfortable place for everyone in the family is always a “must have.” For a family of four, three bedrooms may be non-negotiable. For a family with grandparents living at home, an extra bedroom on the first floor may also be non-negotiable. After determining the budget and neighborhood, the most important factor is that everyone living in the home has a comfortable place to stay.