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2018 Cottage Trends

As 2018 cottage and cabin season is quickly approaching, it’s time to turn our heads toward what recreational property trends buyers and renters want this summer. With this list of must-haves, you’ll be armed with the knowledge of what vacationers want and why. Solar The idea of sun-powered houses becoming mainstream is no longer such a far off fantasy. More and more people are jumping on the solar-powered recreational property trend. The cost may seem high upfront but will pay off in the long run. Outside Dining The ability to cook meals outside is a ma...

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The Value of Curb Appeal

According to the weather forecast spring will finally arrive this weekend! It’s time to get outside and focus on your outdoor space. If you are looking for ideas to add curb appeal to your home, and also add some value – consider these landscaping tips! Keeping Up First of all, to add value to your home any landscaping and improvements need to fit in with the aesthetics of the surrounding neighbourhood. Keep it Simple Large, overflowing flower beds can look beautiful but if you are planning to sell, some buyers may only see too much effort and upkeep. Go...

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3 Ways to Stand out in the Spring Market

We recently asked our RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates from throughout Canada—for their top tips of how sellers can stand out during the busy spring market. 1 – Clean up Outside Pressure washing your driveway, sweeping your front walkway and picking up winter debris such as twigs and branches are incredibly important steps to take to make your property look its best once the snow has cleared. It’s important to wash windows and frames on the outside of your house and touch up exterior doors and trim with paint if necessary....

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4 Potential Surprises When Buying a Home

No. 1: Low inventory means you have to act fast … In many markets right now inventories are tight, meaning there are too few homes on the market for potential homebuyers. Homes in good condition that are priced appropriately sell fast. The competitive market means buyers may find a home and make a serious offer in just a few days (sometimes 24 hours!). In extremely low inventory markets buyers may end up in bidding wars, paying more than the home’s asking price. No. 2: … But closing takes longer than you think The average home sale take...

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5 Tips for First-Time Sellers

If you’re selling a home for the first time, it’s quite a different ballgame from what you experienced as a first-time buyer. Ultimately, you’re in control of the process. You call the shots on prepping your home for sale, deciding on a listing price, accepting (or rejecting) offers, and a host of other factors. But you might want to heed the following tips.   Don’t overprice Some sellers might think that in today’s low-inventory market they can overprice their home and get top dollar. In reality, if you price it compet...

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6 Features That Will Sell Your Home Faster

Garage Storage Space Percentage of buyers who want this feature: 86% Cost to install: $2,025 – $2,363 for a 380-square-foot space Buyers with growing families need lots of storage space. Sellers should keep in mind that streamlined living equates to more dollars in your pocket at sale time. The installation cost includes adding cabinetry, a peg wallboard for tools, and improved lighting and electrical circuits.   Eat-In Kitchen Percentage of buyers who want this feature: 82% Cost to install: $1,000 – $10,000 Eat-in kitchens are a must-ha...

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Factors That Will Affect Housing Activity in 2018

If you’re on the fence about buying or selling this year, these four factors that are sure to affect the housing market in 2018 may have an impact on your decision. New Mortgage Rules It’s hard to tell just yet how the stress test has affected the industry. However, in Ontario’s 6 largest housing markets over the past 10 years, one thing is for certain. Despite changing economies, varying interest rates and mortgage rule changes, the last 10 years have been favourable in Canadian real estate. Interest Rates Rising interests mean that the economy is perfo...

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Mortgage Mistakes

When you think of buying or selling a home a real estate agent may be the first professional that comes to mind. However, there are many other professionals that will help you along the way, especially your mortgage broker. Many home buyers find the mortgage process to be “complicated,” therefore Realtor.com® recently highlighted some of the most common pitfalls when getting a mortgage and how to avoid them. Not Shopping Around Approximately half of home buyers only meet with one mortgage lender, according to the Consumer Financial Protection Bureau. L...

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Showing your Home with Pets

A total of 56% of Canadian households have at least one dog or cat. While that may seem like a lot, it also means that half of Canadian households do not have pets as well. Although we love furry friends around many potential home Buyers may not. When having your home for sale, it’s always a good idea to have pets out of the home, but what can you do with them? Here are a few suggestions. Romp! A showing is the perfect excuse to take your dog for a walk around the neighbourhood, or if you are looking for a new home yourself – perhaps some new neighbour...

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Costly Closing Mistakes

Your offer has been accepted, the building inspection passed with flying colours, now you’re on the road to the closing date! Although you have more breathing room now, the deals not done until all documents have been signed on closing. Here are some things NOT to do before that day. Debt to Income Ratio The ratio of your monthly income to your monthly debts is one of the main factors the lender considered when qualifying you. It can be tempting but don’t take out any loans for renovations you want to do on your future home. Also, don’t...

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5 Decisions to Make before Buying a Home

In the market for a new home but have no idea where to start? There are several decisions you should begin to make before you even start your home search. See how your finances stand up. A financial adviser or your real estate agent also can help you crunch the numbers. Going through the mortgage pre-approval process lets you know how much lenders will allow you to borrow – plus it helps you show sellers that you have the funds to back up your offer. What do you need in your new home? How many bedrooms or bathrooms do you need? What about a large kitchen...

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Fido Friendly Homes

If you are in the process of buying a home everyone will have their different opinions on what you should look for. But what about those who can’t speak? Just how can you tell if your four-legged family members will like their new home. Perhaps the most obvious one is go for a home with a yard! You may want to make sure it’s fenced in as well. If it’s not fenced, make sure the city by-laws allow this before you make a decision. If you just can’t seem to find a home with a proper yard in your price range think outside the box. Maybe there are walki...

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