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 Post subject: First time buying
PostPosted: February 11th, 2007, 9:45 am 
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Joined: February 5th, 2006, 7:26 pm
Posts: 2024
Location: Borden, ON
Kratz and I are looking at possibly buying home as we have to vacate the rental property we are currently residing in. Any suggests or advice for us first time buyers.

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PostPosted: February 11th, 2007, 12:39 pm 
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Joined: April 10th, 2006, 12:57 pm
Posts: 14266
Location: Charlottetown
first of all get a good, reliable realestate agent. hard to come by, but they exist. we have used brian clark at century 21. great guy. one thing i like about brian is that he returns phonecalls, and promptly. if hes to find something out for you, and is waitng for the answer, he'll call you and tell you that. yourin the loop all the time. i never felt as if i was just a number.
the second thing i'd say , is get a mortgage broker. we used kim reddin, shes at reddin mortgages or something like that now, was at centum. very vewry nice girl. did all she could for us, got fees that we never knew could be waved, waved. dont know about you, but thats worth something. also the rate she got us wa about 3/4 of a percent off of what thte same bank would have charged us.
get a home inspection done. worth the money. i think its around 200 bucks, but if they miss something, there liable. eg, they tell you the furnace is great and it dies 3 weeks after, well theer putting in a new one for you. i never believed that, but it was actually brain who informd me of it. and one other thing, never ever ever try to save money moving yourself. it isnt worth it. spens 300 bucks. pack it yourself, but call foleys or the like. lets face it, you drop the tv, your replaceing it. they drop the tv, there replaceing it. and you wont be stiff and sore for a week after. we movedtwice in 7 months. never ever ever again.


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 Post subject:
PostPosted: February 11th, 2007, 12:47 pm 
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Joined: April 2nd, 2005, 11:27 pm
Posts: 3649
line twig wrote:
first of all get a good, reliable realestate agent. hard to come by, but they exist. we have used brian clark at century 21. great guy. one thing i like about brian is that he returns phonecalls, and promptly. if hes to find something out for you, and is waitng for the answer, he'll call you and tell you that. yourin the loop all the time. i never felt as if i was just a number.
the second thing i'd say , is get a mortgage broker. we used kim reddin, shes at reddin mortgages or something like that now, was at centum. very vewry nice girl. did all she could for us, got fees that we never knew could be waved, waved. dont know about you, but thats worth something. also the rate she got us wa about 3/4 of a percent off of what thte same bank would have charged us.
get a home inspection done. worth the money. i think its around 200 bucks, but if they miss something, there liable. eg, they tell you the furnace is great and it dies 3 weeks after, well theer putting in a new one for you. i never believed that, but it was actually brain who informd me of it. and one other thing, never ever ever try to save money moving yourself. it isnt worth it. spens 300 bucks. pack it yourself, but call foleys or the like. lets face it, you drop the tv, your replaceing it. they drop the tv, there replaceing it. and you wont be stiff and sore for a week after. we movedtwice in 7 months. never ever ever again.


Good advice linetwig. We've moved five times in the last ten years and I 100% agree about the never move yourself. We did that four times out of the last five thinking we were saving money...and while we may have kept three hundred bucks (or however much) in our pocket - it was soooo not worth the headache after having a professional move us here. I'll never move myself again - ever.


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 Post subject:
PostPosted: February 11th, 2007, 1:39 pm 
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Joined: April 9th, 2004, 7:10 pm
Posts: 5863
Location: charlottetown
when looking at a house look at the little things, look to see if the foundation is cracked or has any mildew areas, check the sills of windows to see if they are rotted. If the bathroom shower has cushion floor around it, check to see if there are greyish areas around the area where it meets the tub, if it does, you will end up redoing around the shower area. Notice if there is paper on the walls, this usually will decrease the value of the home and SOME people use it to hide flaws and holes in the walls ( hear this one well......i had no clue how much was being hidden )

get reciepts of the oil bills over the past year, or better yet, two, to see how much oil the place uses per year ( oil or otherwise, )

ask to see the light bills to see how high that runs.

find out ( if its an older home ) when or if the wireing was done last.

How old is the furnace, and when did they last have someone in to check it, receipts ?

Look at the roof to see how long it will be before you have to replace it, find out what is in it for insulation , and check the siding if it could be rotting ( some obviously dont rot )

Look around to see if any of the ceilings have leaked or around the windows...

check any decks and see if there are any rotted boards, ( all of these things should be taken into account when it comes to price , expecially if you are going to have to hire someone to fix it )


Be as nosy as you like, otherwise you will end up finding things out later on that will cost you.

( can i express any clearer that we bought a house and gutted it inside and out? )

If you have any construction friends, i'd take them with you to view it.....


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 Post subject:
PostPosted: February 11th, 2007, 6:30 pm 
We just checked out our first place and already knew to look for and ask many of the questions that have been suggested.

Thank you to everyone who posted or PM'd. Please keep them coming if there is anything new to add.


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 Post subject:
PostPosted: February 11th, 2007, 6:36 pm 
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Joined: November 2nd, 2003, 8:54 pm
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Looking for baby names? Are you expecting?


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 Post subject:
PostPosted: February 11th, 2007, 6:45 pm 
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True Islander

Joined: April 10th, 2006, 12:57 pm
Posts: 14266
Location: Charlottetown
shelley wrote:
when looking at a house look at the little things, look to see if the foundation is cracked or has any mildew areas, check the sills of windows to see if they are rotted. If the bathroom shower has cushion floor around it, check to see if there are greyish areas around the area where it meets the tub, if it does, you will end up redoing around the shower area. Notice if there is paper on the walls, this usually will decrease the value of the home and SOME people use it to hide flaws and holes in the walls ( hear this one well......i had no clue how much was being hidden )

get reciepts of the oil bills over the past year, or better yet, two, to see how much oil the place uses per year ( oil or otherwise, )

ask to see the light bills to see how high that runs.

find out ( if its an older home ) when or if the wireing was done last.

How old is the furnace, and when did they last have someone in to check it, receipts ?

Look at the roof to see how long it will be before you have to replace it, find out what is in it for insulation , and check the siding if it could be rotting ( some obviously dont rot )

Look around to see if any of the ceilings have leaked or around the windows...

check any decks and see if there are any rotted boards, ( all of these things should be taken into account when it comes to price , expecially if you are going to have to hire someone to fix it )


Be as nosy as you like, otherwise you will end up finding things out later on that will cost you.

( can i express any clearer that we bought a house and gutted it inside and out? )

If you have any construction friends, i'd take them with you to view it.....



spend the 200 and have a home inspection done, they give yo and itemizedlist of what was checked and the conditon of it. i beleive a water test is covered in the fee now as well.


one thing you may or may not know, if youwant to know if a home has had windows replaced, or roughly whenit was built, look in the thermopane. on the metal strip between the glass, you will see the year the window was manufactreed. if nothing else and its an older home, and the window says 1996 its a safe bet thats when they replaced the glass.


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 Post subject:
PostPosted: February 12th, 2007, 9:27 am 
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Joined: February 5th, 2006, 7:26 pm
Posts: 2024
Location: Borden, ON
Thanks for the great advise everyone. We are currently working with a team that is contected to each other (morgage broker, realitor and lawyer). They have all been very helpful and informative. Kratz and I are looking at placing the first bid in this morning and see how things will progress from there

As for the move, I know it is alway better to have a company doing it. Over the past 7 years, I have been moved by the military 4 times. It is great, they do everything. Unfortunately, as this is a local area move, Kratz and I will have to do it ourself. We are looking at getting a moving company for the large bulky things, especially considering there is only a small Chev Cavalier, without trailer hitch, to move things. As for most of the smaller boxes (books, clothing, dishes, etc), Kratz and I will move them slowly at our own pace, a few boxes/car load each day.

_________________
Man of the Year - Robin Williams as Tom Dobbs wrote:
"We will give you Viagra but won't pay for glasses, we'll give you a hard on but won't let you see were to put it."


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 Post subject:
PostPosted: February 12th, 2007, 12:13 pm 
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Almost an Islander

Joined: June 7th, 2005, 7:36 am
Posts: 143
Location: Digby Nova Scotia
Hi there.Im not to far from you.Id be glad to help out if you like with the move.I have a van if that will help out a bit.


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