June 6

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5 Tips for buying a home in Kamloops

By Kevin Wood

June 6, 2021


Kamloops Homes for Sale

What to look for...

This is the perfect time to make a purchase, as there are many Kamloops homes for sale today, plus the interest rates are still low. We have outlined a few tips to simplify the process of purchasing a house, for both first-time sellers as well as seasoned professionals.

Right now in Kamloops we are experiencing quite a wild market. Things are moving fast!

1. Seek Assistance

It can be a daunting task to go through all the available real estate. Hence, it is a good idea to seek the assistance of a professional real estate agent to help you search through all the Kamloops homes that are for sale right now. I can advise you through the process and help find the perfect house for your family.

2. Begin the Process Today

It can take several months to find the perfect house, particularly if you are looking for one in a competitive market. If you are looking for a good deal on a foreclosure, it will take even longer as the bank must make the final call. You have to be patient throughout the process as the final outcome is typically more satisfactory if you are thorough with your search. 

3. Don't be afraid to jump if you find one you like (even if it is right away)

The process of looking for a house can be very emotional. When you think that you have found the perfect house for you, we recommend consulting your real estate agent and going through your entire housing checklist before you make an offer.

4. Look at the Pros and Cons

A few improvements are required for most properties. In fact, even houses that are brand new require modifications such as landscaping and painting to match your personal style. Today, sellers are particularly savvy and make minimal changes on a superficial level to attract the attention of the buyers. Hence, you must look carefully and gauge the amount it would cost to make all the required changes. If you are willing to purchase a house that requires substantial work, you can place your offer accordingly.

5. Ensure That Your Financing is in Order

If your finances are in order, the process of buying a Kamloops home becomes a lot easier as you understand what price range fits your budget. Once you have enough for a down payment, get in touch with your bank for pre-approval for a loan. Your loan officer can assist you in determining your monthly payments as well as your borrowing capacity.

What to do next?

If you are seeking a professional real estate agent to assist you in finding your perfect home, get in touch with me.

About the author

Kevin Wood is a Real Estate Professional in the Kamloops area. With over 17 years of business experience, Kevin brings a Client Focused approach to helping you get the most out of your Real Estate transaction.

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