Buying a home is a complex process and there are many things that are often considered in a short period of time. Below you will find six important things that are sometimes overlooked before home buyers close the deal. Travelling to Work If you’re moving to a new neighbourhood or new city, have you assessed how much time it will take you to get to and from work? Many buyers realize this after they have closed the deal on their home and sometimes underestimate this Unfortunately there is no formula for coming up with the travel time, the best way ...
6 Things That Are Overlooked When Buying a Home
June 25, 2018
House Hunting Tips
June 21, 2018
When you’re looking for a new house and visiting potential properties, it is easy to get caught up in the moment and start to make compromises in what you want. Sometimes there is pressure to make a fast decision, especially in hot markets. You might also get caught up in seeing something you really want and that can effectively give you tunnel vision and you may miss the shortcomings of the rest of the house. When you are looking for houses on the market, here a couple tips to keep you on track. Think about your Homeownership Plan Is ...
Home Inspection Checklist
May 15, 2018
It might seem like a daunting task when it comes to inspecting your new home, however it doesn’t have to be. Below you will find a list of tips and tricks when it comes to the home inspection and making sure it flows smoothly. Using a Checklist When it comes to inspecting your new home make sure you are hitting every corner of the household. With the help of checklist, it can help keep track of what you have and haven’t looked at, to help make sure you don’t check the same areas twice. Here is a little guide ...
Minimize the Cost of Bidding Wars
May 6, 2018
While it generally is a good idea to avoid a bidding war, to help save the buyer money. There are some ways to help to not only help a buyer win a bidding war but also minimize the financial toll. When making a purchase offer it is important for buyers to understand the local market. By researching how much comparable homes are in the area are selling for, buyers can help get a sense of how much they will be spending on a home. While there is some wiggle room when it comes to the price, buyers should try ...
Rising Mortgage Rates with the Big Banks and What It Means To You
May 2, 2018
Four of Canada’s Big Six banks have now raised their posted mortgage rates. TD started off this round of rate increases two weeks ago by raising its various mortgage terms, including an astounding 45-bps increase to its 5-year fixed rate, which jumped from 5.14% to 5.59%. RBC, National Bank of Canada and CIBC have since followed suit, raising rates by 10–30 bps. This rise in rates is partially related to Canadian bond yields, which rose to a seven-year high of 2.19% last week and are now hovering around 2.14%. This has driven up mortgage borrowing costs for the banks. ...
5 Tips For a Spring Sale
April 23, 2018
Here are 5 things homes sellers can do to take advantage of the spring real estate market. Spring Clean If you haven’t already started spring cleaning, now is the perfect time to start. When it comes time to start showing off your home to potential buyers, it should be clean and free of clutter. There is nothing more off-putting than a home that is not exactly clean. Note: if you have a pet, b3e extra vigilante as you may have gotten use to the smell of your furry friend, but pet odours can be a deterrent when it ...
5 Things to Consider When Refinancing
April 23, 2018
Buying your first home can be an exciting and stressful time, but when it comes to refinancing their mortgage it can be a very nerve-racking time. Below are five things you need to know when it comes to refinancing your mortgage. Take Advantage of Low Interest Rates Homeowners refinance their mortgage for many reasons. But most homeowners refinance their mortgage loan to take advantage of lower interest rates and lower monthly payments. When it comes to a difference of just one percent, this can save homeowners a lot on their monthly payments. Even a monthly savings of $150.00 can ...
Buying a home? Here’s How a Broker Will Help You
March 27, 2018
Plan on buying a home soon? Did you know that there are plenty of ways that a real estate broker can help you achieve your goal by finding the best home that meets your needs, all while ensuring your peace of mind? Below you find some of the main tasks a real estate broker performs for their clients that will be a buying a home: Your broker will help you evaluate your needs. This will include the type of property you are looking for, what type of area or neighbourhood you want to live in, if you want a new ...
8 Tips to Start the Home-Buying Process
January 31, 2018
Start Budgeting If you are starting to become serious about buying a home the first step you should take is to start with your financial budget. You should start with creating a list of your monthly and annual expenses. Now compare this amount to your annual income and the money that is left over should start going towards your home purchase plans. Pay Down Your Debt If you carry any outstanding debt like a credit card or a student loan it is best to start to pay it off. Why? This is due to the fact that lenders do ...
A Home Office Everyone Needs
January 16, 2018
If you plan on running a business or plan on setting up dates and times for family outings, every residence needs a space to carve out for a home office. A practical space is crucial when it comes to a daily workspace or as a centre for paying bills and organizing schedules. When it comes to creating a home office, consider some of the following tips: Aim to create your office in a suitable place. It could be in the central hub of the home or tucked away in a quiet area of the home, even in the lower ...