Being a first-time homebuyer is a stressful and exciting experience! It involves a whole new level of commitment, preparation, and satisfaction when you finally find the perfect home. There are many personal and practical factors to consider when buying a house—what you can afford, what your needs are, and what you’re looking for in a home.
Luckily, there are plenty of resources out there to help you figure out some of the logistics of the moving process and real estate market. If you’re looking to buy your first home in the Vancouver area, then you’ve come to the right place!
Consider making a subject free offer.
The high demand for real estate in British Columbia incites many bidding wars among buyers. When you make a subject free offer on a property, you cannot back out of the sale for any reason. While it can be risky, it’s a great way to show your commitment and make your bid more appealing!
Be aware of increasing deposits.
When you make an offer on a house, keep in mind that the size and frequency of deposits in the Vancouver market has steadily increased over the last few years. Factor this into your budget so you can plan to put more money down upfront.
It is important, however, to consider the risk of losing that large sum if you combine it with a subject free offer. If your bid falls through, you’re going to have a very difficult time recovering your deposit.
Add a personal touch to make your offer stand out.
Do a little research on the seller if you can before you make your bid. Find out why they’re selling the house, so you can make your interests align with their motivations! You might even consider attaching a letter to your bid explaining why their property is the best fit for you and your family.
At Highland Van & Storage, we understand that moving into a new home is a careful, stressful, and emotional experience. That’s why we offer expert packing services, moving teams, and storage options to make the process easier. Contact us to learn more and start your life as a resident of the incredible city of Vancouver!