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Residential Real Estate Basics


The Canadian real estate market is booming as more and more people start jumping into buying their first homes. A home is often the biggest investment a person makes in their lifetime, and as such, the decision should be researched accordingly. Understanding some residential real estate basics can help ensure that your foray into the world of real estate is a pleasant one. There are a variety of tools and tips to get you started on the rewarding path of homeownership, and learning a little about them can only be advantageous.


Research Options

The internet is an invaluable tool for house hunters. There are countless websites offering a glimpse into the homes available in just about every city in Canada. Unlike a listing provided by a reputable REALTOR®, these ads act primarily as a brochure. They can give a little information, but more often than not the information is elementary at best. Still, they can be a great way to get design ideas, an understanding of what might be available in certain areas, and maybe a portrait of the prices you might expect to pay. When browsing online ads, keep a pad of paper and a pen handy to jot down some notes. These notes can be an excellent resource when speaking with a professional REALTOR®.



Most people don’t fully realize the importance of mortgage rates. All too often, people think that they can "just” afford a place. What they don’t realize is that an interest rate increase can throw off all of their plans and make it all but impossible to survive on the same income. There are a lot of mortgage calculators online, but none of them are able to offer guidance as to the consequences of a mortgage rate shift. Speaking with a knowledgeable and experienced REALTOR® will undoubtedly lead to a price range that better reflects your income.


Choose the Right REALTOR®

There’s certainly no shortage of REALTORS®in Canada these days, but it’s important to remember that not all provide equal services. Choosing the right REALTOR®will make a drastic difference in your home buying experience. REALTORS®like those found at JN Asensio Realty are here to help. They can offer invaluable advice to first time buyers in regards to everything from appropriate price ranges to areas best able to provide the living experience you dream of. Customer service should be evident from the very first phone call. Before dealing with anyone, be sure to ask for a reference list of customers. These lists are an excellent indicator of the quality of service you can expect from your REALTOR®of choice.


Understanding some residential real estate basics is highly recommended to anyone currently interested in pursuing their dreams of becoming a homeowner. There are some impressive tools available online, but to get a firm grasp on what is being discussed, a conversation with a dependable REALTOR®is a must. Contact the most sought after REALTOR®in your area today to learn more about the services offered. It’s a simple phone call that can lead to a satisfying home buying experience.