Mistake Number 4. Overlooking Contractual Rights and Obligations

Significant financial moves like financing a car or opening new credit lines can jeopardize your mortgage approval. Lenders reassess your financial status before closing; new debts can alter your creditworthiness. It's advisable to maintain financial stability until the home purchase is finalized.

Mistake Number 5.

Overlooking the Importance of Location!!!

Focusing solely on the property and neglecting the neighborhood can lead to dissatisfaction. Factors like school quality, safety, and proximity to work influence long-term happiness and property value. Researching and visiting neighborhoods at different times can provide a comprehensive understanding of the area.

"Homes newly listed on the MLS® in Metro Vancouver* rose 46 percent year-over-year in January, as sellers appear eager to enter the market to start the year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totaled 1,552 in January 2025, an 8.8 percent increase from the 1,427 sales recorded in January 2024. This was 11.3 percent below the 10-year seasonal average (1,749)".

If you're considering selling or purchasing property in the near future or know someone who is also looking to sell or buy, you're more than welcome to share this information with them or tell them to send me an email (miskvortsov@gmail.com) with a request to receive the future stats.

Also, if you're looking to sell and would like to know the estimated price of your property, please send me your request for a free market evaluation.



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http://fullservicelesscommissions.ca/statscentre.html

If you don't mind,

your home search without securing mortgage pre-approval can lead to unrealistic expectations and missed opportunities. Pre-approval provides a clear understanding of your budget and demonstrates to sellers that you're a serious buyer.

Mistake Number 1. Based on my 15 years of experience at One Percent Realty LTD, the fundamental mistake for first-time buyers is starting to search for a home without a realtor.