When you begin searching for a home the experts will say that the first thing that you should do is get preapproved for a mortgage. Not only will this help you speed up the process when it comes to buying the right home but it will also help you to figure out what you can afford when it comes to Leslieville real estate. Home values are going up and down all the time and one of the best ways to see what you might be able to afford at the current time is by looking at the home value comparisons for your area and the style of property that you're looking for.
When looking at home comparisons the first thing you should be doing is narrowing down based on location. While all of the three-bedroom homes in Leslieville might have an average listing price of $350,000, for example, you will likely find that the price is higher or lower than that number depending on where you're looking to live. A good rule of thumb when you're choosing the radius of comparable homes is to look about five to ten blocks in every direction. And if you're looking outside of the city, maybe in a place like Halton Hills real estate, than you should stick to a one-mile radius.
The next thing that's important is to make sure that you're looking at similar homes when it comes to size, number of bedrooms and number of bathrooms. When it comes to real estate these fundamental elements of the property are going to matter more than a pool in the backyard. Those elements might add a few thousand dollars to the listing price but looking at properties of a similar size will really give you an idea of what you will be able to afford. If the time comes when you decide to sell your new home, there are a number of agencies who can offer you tips for home staging. Edmonton home stagers can give you many useful decorating suggestions that will make selling your house go more smoothly.
You should remember that there can be some major differences between the average listing and selling price. If you're looking for real estate in Leslieville than you should make sure you're looking up both figures. This will not only set you up to know what sort of properties you should be looking at but will also help you to select the right offer when you do get to the point of choosing a property. Most sellers are going to be aware of the current market conditions and will expect that people will be following them when bidding on their home. In some markets it might be common to get bids that are five percent below the listing price while in others there might be a variety of potential buyers and the home could sell for above the asking price.