Save Money on your next Kelowna Home Purchase

small home beside calculator

Purchasing a Kelowna home is expensive, it’s probably going to be one of the most expensive purchases you make in your lifetime. That being said, it’s normal to want to save money where possible. Good news! There are certain things you can save money on when purchasing a Kelowna home.

Find a Kelowna realtor

couple with child sitting down with real estate agent

Find yourself a great Kelowna realtor

Did I just confuse you reading that? I bet I did! You are probably thinking to yourself, it costs me money to hire a real estate agent? Won’t I lose money on my next Kelowna home purchase rather than save money? You are right to some extent. Yes, it costs money to work with a Kelowna realtor. On the flip side, a great Kelowna realtor with years of negotiating skills can save you thousands of dollars on your next Kelowna home purchase. A Kelowna real estate agent is working with you on your home purchase, they want to ensure you get the best price for the home you are in search of. It may cost money to work with a Kelowna realtor but in the end you could be saving thousands on your home purchase.

Search for the best mortgage rate for your Kelowna home

Next comes your mortgage. Mortgage rates are a key factor to purchasing your Kelowna home. Even the smallest reduction in an interest rate can save you thousands in the grand scheme of things. The team at Quincy Vrecko and Associates highly recommend going through a mortgage broker for your next mortgage. When you go through a bank you are locked into that amount. When you go through a mortgage broker, they work with plenty of different banks and offer you the best rate possible for your next home purchase.

living room with modern furniture

Keep your eye out for future projects

Keep an eye out for future projects

Lastly, when looking to purchase a Kelowna home take a look at the tiniest things in the home. You may fall in the love with the colour of the walls, the layout of the home or the neighbourhood but in the end, if it needs a lot of repairs you are going to be dipping into your pocket probably more than you had hoped. Check for everything before putting in an offer. Did you notice any problems with the flooring, walls or ceiling? For a second set of eyes, after putting in your offer ensure you get a home inspection done. It is important to get a home inspection as there may underlying issues that can not be seen on the surface.

In the end, it is normal to want to save money on your Kelowna home purchase. Purchasing a home can be stressful. The team at Quincy Vrecko and Associates want to help. If you are in search for your next family home, townhome, condominium or you are looking to downsize contact the team at Quincy Vrecko and Associates. We are a team of highly professional and experienced agents ready to assist you in this next big purchase.