Strategies for Buying Real Estate in St. John’s
Learn as much about market values as you can. Compare properties, not only the price but the condition of the property. Visit open houses. Arrange private viewings. Ask your Realtor to prepare a market evaluation of the property (this will tell you recently sold prices and active listing prices of similar properties). Email me and I will send you daily active listings as they are listed on the market.
Most offers are subject to two major conditions. 1) Home Inspection and 2) Financing
The Home Inspection is an option that you, as the buyer, can drop, but for the cost of the inspection versus the cost of the house I would not recommend this. I’ve seen time and time again a Home Inspection saving my clients thousands of dollars in unseen defects.
As for the financing, this option is a must. No financing = no mortgage = no house. Read my post from yesterday Arrange Your Mortgage - Get Pre Approved. The way the Real Estate market in St. John’s, Mount Pearl and surrounding areas are booming now, having your pre-approval in place is key.
Armed with this knowledge you will feel comfortable in writing an offer when the right house appears.












