Vancouver, BC-based Mortgage Brokers. Invis -The Siemens Group Explain the 3 Important Home Buying Stages
 March 30 2016     Posted by Siemens Group

The steps involved in purchasing a home are complex. Property buyers with limited experience in the marketplace must learn these steps before they can achieve success and buy their ideal property. Within these steps, there are three particular stages of the purchase process that require significant consideration. In this article, the team at Vancouver BC based mortgage brokers Invis – The Siemens Group explains the three important home buying stages.

1. The Buying Decision

The initial decision to buy may be driven by many unique factors depending on the buyer and on the marketplace. For example, if the buyer is an investor reviewing commercial opportunities, they might have noticed a downswing in local pricing and be ready to enter the marketplace to enhance the return on investment from their investment property. A young couple might be influenced by a change in the mortgage rates or in their credit rating. This stage is the foundation to the buying process and must be completed by analyzing the local housing market and considering personal factors such as employment and family elements.

2. Getting the Mortgage

Once the decision to buy a home has been made, homebuyers must then work with their local Vancouver BC mortgage brokers to secure a loan on a home. They must review the local marketplace to determine the types of homes available to them and their current home buying budget. Their brokers will work with them and act on their behalf when approaching lenders. The broker can then form a strategy that allows the buyer to increase the capital available for the purchase. They can also help buyers understand the documentation requirements when undertaking a mortgage, as well as provide clear guidance on the other purchase expenditures such as closing costs and potential property upgrade work.

3. Finalizing the Purchase

The final phase of the purchase process involves conducting comprehensive due diligence on their property. It’s imperative that the buyer deploys specialists to act on their behalf during this process. Otherwise, they could find they’re spending thousands of dollars more than their existing budget to fix undisclosed issues with the property, or expose themselves to future claims against them such as with an oil tank that could be leaking on their property. Through proactivity, and by working alongside experts, buyers can secure their ideal home at the perfect price.

The home buying process is long and complex. Buyers must ensure the industry’s leading experts are a guiding force throughout the home buying stages! To learn more, speak with the team at Vancouver, BC mortgage brokers Invis – The Siemens Group directly at(604) 351-7438 or visit their business website at www.siemensgroup.ca.