Buying real estate in Walkerton can be a scary and confusing ordeal for some people. To help put you at ease, we've summarized the 5 biggest fears that Buyers encounter and how to overcome them.

  1. OVERPAYING
  2. NOT BEING ABLE TO AFFORD THE HOME
  3. BUYING A "LEMON" OR A "MONEY PIT"
  4. NOT SEEING ALL OF THE AVAILABLE LISTINGS... ONLY WHAT THE AGENT WANTS THEM TO SEE
  5. BEING PRESSURED INTO A QUICK SALE

Overpaying

  1. Educate yourself on what the current market in Walkerton is doing. You can achieve this by viewing several homes that are comparable in price, location, and size. Then compare the pro's and con's.
  2. Ask your REALTOR for a history of recently sold homes in the area that are comparable to what you are searching for. Don't just rely on rumors and hear-say.

Not Being Able To Afford The Home

  1. Get pre-qualified at a local lending institution like the Mortgage Center. This will not only give you the best idea of what price range you should be searching in, but can also be a powerful negotiating tool when the time comes for an offer.
  2. Beware of hidden costs that may appear late such as furnace, roof, well, septic and electrical.
  3. Know exactly what your closing costs will be, to avoid the stress of not having adequate funds on closing. A quick call to a local lawyer can help you estimate these costs.

Avoid Buying a Lemon

  1. Always ask for a complete Sellers Disclosure detailing everything the owner knows about the home.
  2. Get a Home Inspection! There are many qualified Walkerton home inspectors. This has become common practice and will pick up any defects with the home that you may have missed.
  3. Include an Insurance clause when offering so that you're sure the house is insurable on the day of closing. Galvanized pipes, 60 amp services, vermiculite, and wood stoves are major issues these days.
  4. Include a final inspection on the day of closing. This protects you on chattels that were included by being specific with name brands and serial numbers. This is your last chance to alert your lawyer to problems prior to closing.
  5. Include a debris clause. Nobody wants to inherit other people's junk and garbage. This ensures that the onus is on the Seller to remove all debris prior to closing.

Not Seeing ALL Available Listings in the Market

  1. Insist on seeing all companies listings in your desired area and price range. Avoid being steered towards only a few listings that are listed with our agent's office.
  2. Your agent should have the technology to send you new listings on a daily basis.
  3. Sign up for Marlene's HOME FINDER SERVICE. This service automatically emails or mails you current information on listings for your own personal drive by.

Being Pressured to Buy

  1. Choose an agent that is willing to work with you within your time frame. Not everyone needs a home in the next 30 days. Actually most people are simply shopping for information to educate themselves to the market before making a decision.
  2. Conduct an extensive interview with the real estate agent to see if he or she is compatible with you and your needs.