Dealing With Problems When Buying A House

Buying a house is one of the most exciting, stressful and nerve-wrecking things you will ever do in your life. It is a huge decision we have to make in our lives and it can take months to make that final deal with our realty agents.

Buying a home is a process which will take weeks, even months to complete in some cases, and there will always be issues that we face along the way. Whether you are buying a new build townhouse, house or bungalow: there can be issue, but here are some of the most common ones you may see throughout your buying process.


When you buy a home, there will be several different people involved in the process. There’s you (the buyer), the seller and realty agents. When you have many different people working on one deal, you are bound to face a hurdle along the way and even some disagreements.

However, the main person you need to watch out for when buying a home is the sellers. A seller is a person you don’t know, and because of this you never know which direction they are going to turn. For example, they might suddenly have a change of heart and decide not to move forward with the deal. Something like this could be incredibly frustrating for everyone involved!


Aside from the seller, the other people who can get in the way when you are buying a home are the professionals. It is incredibly important that you choose a good realty agent when you begin your home buying process. The decision of the right agent can make all the difference when it comes to making the process go smoothly. Your agent will be the one responsible for drawing up an accurate contract, liaising with you, the seller and the other realty agent; and making the process go ahead as quickly as possible. If you don’t make the right decision with your agent, you can be left waiting around for documents to be signed and information to be passed on. This can take up weeks of your time.


When you apply for a mortgage with a lender, they will go through your personal finances, talk you through the mortgage process and they will also value the home themselves. When you are looking to buy a home, the price which is set will be set by the current owner. The issue with this is that sometimes the owner will be selling the home for more than it is worth. If your lender values the home and decides that it isn’t worth the amount you say, they won’t want to lend you the extra money. This can be a huge hurdle because you will either have to negotiate a lower price with the seller or come up with the extra money yourself to make up for the difference in the valuation.

Mortgage Application

It is important to remember that although other people can slow down your buying process, you can also contribute to this if you are not prepared for everything. When you first find a home you like, you need to apply for a mortgage in principle to prove that you are able to afford the home. Once you go to the bank for lending, you need to bring along with you the following things: identification, wage slips from the last 3 months, and bank statement. If you don’t bring these with you to your initial meeting with the lender, you are slowing down your own buying process, because they will not be able to assess your financial stability immediately. So make sure you print everything off in advance, and even bring some extra bits to be on the safe side.


When your lender orders a homebuyers report, they will check the home for damage and make sure that it is structurally sound. If there are too many issues that come up during this time, it can slow down the process quite a bit. It will mean that the seller must make changes to make the house suitable for sale, and this will push back your sale for weeks, possibly even a few months.

The Contract

Your contract is the most important document you will see during the buying process, and because of this it needs to be 100% accurate. Make sure that you know exactly what you are signing when you come to sign your contract because you can’t take it back once the deal has gone through.

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4 comments / Add your comment below

  1. Great information – we were blessed to have a wonderful agent and the process went really smoothly. It’s important to know all of the steps so that the process doesn’t seem overwhelming.

  2. Wow! What great information! I have yet to buy my own home (the realestate market in Vancouver is ridiculous and unaffordable!), but good to know for the future on how to be more prepared!

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