Are you buying a property in Edmonton for the first time ? If so, be ready for a rollercoaster ride of emotions. It will take a lot of patience, understanding, and finances before you acquire a property that you truly want. Not to mention, all the documents and paperwork that you need to go through. So as a first-time home buyer, you need to start right. Here are three important reasons why you need to consult a homeownership adviser.
The secret to success – some real estate experts believe that the industry’s best-kept secret is independent advice coming from a professional housing adviser. This advice comes from non-profit housing counseling agencies that are approved by the HUD. They sometimes charge a certain fee that doesn’t go above $200. Sometimes, they give advice for free.
Basically, these counselors provide insights on the right time to buy a property; building a budget; and improving your credit standing. They also provide assistance when it comes to giving a down payment. In other words, they help prepare you for the home-buying process.
We cannot stress enough the importance of getting sound advice from a trusted counselor. Surveys show that home buyers who received counseling experienced promising results. Clients who sought for advice were one-third less likely to become delinquent payers in the first two years since acquiring their homes.
Counseling can also be considered catching. Today, there are banks that offer incentives to first-time home buyers just to educate the latter. Some leading lenders offer incentives like interest rate reductions to mortgage borrowers. All the borrowers need to do is to complete a certain course if they wish to enjoy the discount.
The 3 benefits of having an adviser
1. They are advocates – first and foremost, a home adviser is your advocate. They are independent and they have no part whatsoever in the actual home buying transaction. Thus, they are on your side and are only after your welfare and best interest.
2. They know things that you don’t – these people also have knowledge of certain things that home buyers do not. They know the ins and outs of the local real estate industry. They know how to get the best down payment deals and they can help you find programs that will make the home-buying process easier.
3. They do stick around – lastly, you can expect them to accompany you in every step of the way. They look to develop lasting professional relationships with their clients and assist them even in the most challenging of times.
They want to stick around. Homeownership advisers work to develop ongoing relationships with clients who may upsize, downsize, refinance, or start to struggle with their mortgage. Looking for the perfect property, contact Edmonton real estate agent Franco Maione today.