Yay or Nay? Questions to Ask When Buying Real Estate

questions to ask when buying real estate

After much speculation and worry about the new mortgage rules that came into effect on January 1, it appears that plenty of hopeful homebuyers still intend to buy a home.

We took to Facebook to ask our followers if they still plan to purchase in 2018, in spite of the new mortgage rules. Eighty per cent said they do, while 20 per cent are delaying their move.

Ultimately, the decision to buy a home is a very personal choice that depends on a number of factors, such as finances, future plans and comfort level. The good news is, professionals like real estate agents, mortgage brokers and even some real estate lawyers are usually willing to consult with you and give you advice before you dive right in.

To help you get started, here are the top 5 questions to ask when buying real estate, to help you determine if you’re making the right move.

Questions to ask when buying real estate

Home ownership is a huge financial and emotional commitment, and a decision not to be made lightly. Indeed, there are lots of questions to ask when buying real estate. The key is being honest about the answers. Then, when you’re ready to make your move, work with a team of professionals like a financial expert, lawyer, and a real estate agent you trust, that can help make your dream of home ownership a reality.