Moving to a new, unfamiliar community can be very exciting, but it’s also a major life decision filled with emotion and change. Whether you choose to move to Owen Sound or any of the other towns in Grey and Bruce counties, we know you’ll find lots of friendly people to welcome you.
To make your transition go smoother, consider these suggestions:
1. Select the right real estate agent
Working with a good agent is one of the most important aspects of a successful home purchase.
The key qualities to look for are experience with relocating clients, strong local market knowledge, and solid communication skills. If your agent has earned the ABR designation (Accredited Buyer’s Representative), you’ll know they also have special training to work with buyers.
2. Get pre-approved (not just pre-qualified) for your mortgage
Pre-approval means your application has already been processed, and final approval is only contingent upon an appraisal.
Mortgage pre-approval puts you in a more favourable negotiating position with sellers and allows you to make faster decisions.
3. Separate your needs from your wants
The difference may seem subtle, but this makes it easier to quickly narrow your options and find the best home for your needs. Owen Sound has a variety of detached homes, townhouses, and condos to choose from.
Outside the city, Grey and Bruce counties have lakeside properties along Georgian Bay and Lake Huron, as well as many rural acreages and farms throughout the area.
4. Keep copious notes
You’ll probably see many homes in a short period of time.Writing detailed notes, taking photos, and collecting listing sheets can help you recall each property after a busy home shopping trip.
5. Think about selling while buying
Depending on the reasons you’re coming to Grey-Bruce, another move may be in your future. It’s important to consider a home’s resale value. If your agent is pointing out a home’s flaws, they’re probably looking out for your future best interests.
6. Learn the market
Buyers can gather an amazing amount of information online about the markets they’re considering for their new home. However, an experienced agent will always have a stronger pulse on local market prices than any website. Do your homework, but rely on your agent to add key perspectives.
Owen Sound, Grey County, and Bruce County offer many types of urban and rural properties. Explore our communities online, then consult your real estate professional about your specific needs.
7. Be prepared to make fast decisions
Many markets nowfavour sellers or simply lack adequate home inventories, causing buyers to quickly regret momentary hesitations on a desirable home. Consider making an offer right away, even if you plan to view additional properties.
Currently, houses are selling fast and furious in Owen Sound and area. Communicate with your real estate agent to stay on top of quick-moving properties.
8. Before placing an offer, request a quick CMA
Agents can produce a CMA (comparable market analysis) on any home in a matter of minutes. This is also where an agent with local market expertise can be a real plus.
9. Be prepared for emotional ups and downs
Negotiating an offer can be a draining experience. Try to remain calm and maintain perspective as offers and counteroffers are exchanged.
10. Learn from home inspectors
The level of detail in home inspectionshas improved dramatically. If at all possible, attend the inspection in person. You’ll gain many valuable tips from the written report about maintaining your home. As far as renegotiating on repair items, remember that in strong markets sellers will be unwilling to make any concessions based on the inspector’s report.
To find local professionals to help in various aspects of your home purchase, visit our Local Business Connections.
Ready to see what’s available? Check out all Grey and Bruce real estate listings here and when you’re ready, contact us online or give Bill a call at (519) 377-7627 to get started.