Archives for Buyers

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 be tempted
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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
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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
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2018 Home Buying Goals

If home buying is on your to-do list in 2018, there are some tasks to tackle before you hit the streets. Many New Year’s Resolutions relate to finances, and rightly so. A home is likely the biggest investment you’ll make in your lifetime, so here are a few New Year’s Resolutions that you’ll definitely want to keep. Start Saving for your Down Payment This can be the most difficult part of the home buying process. To avoid taking out a high ratio mortgage you’ll need to save at least 20%. It is important to consider how you will come up
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Tips Before You Leave Your Home Alone

Leaving your home during the holidays? Follow these tips to keep it safe and save a few bucks on bills while you’re gone. Put mail on hold An overstuffed mailbox or a pile of newspapers at the bottom of your driveway can be an invitation to thieves. Not only is it a sign that no one’s home, identity thieves can find all sorts of goodies while sorting through unattended mail. Put lights on a timer It makes it appear that someone is home. If you can, switch your exterior lights to the “motion-activated” setting. Unplug Your electronics will still suck
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Holiday Home Selling

Approximately 80 percent of current homeowners think now is a good time to sell, according to a September 2017 housing survey by the National Association of Realtors (NAR). Here are four reasons to sell your home at the year’s end. Less competition You’ll have less competition from other sellers during winter, so it’s a great time to get the best price. Motivated Buyers There may be fewer buyers looking, but the ones who do are likely more serious buyers.  Many buyers have a new year’s goal of buying a home for tax purposes; mortgage rates, energy credits, etc. Current Tenants
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Short-Term Rentals

Today, renting a room in your house (or the entire house) via an online service, such as Airbnb, to unknown travelers is becoming quite common. Short-term rentals provide extra income for homeowners and a unique way for visitors to experience a city.   If you think you’re up to being a host of a short-term rental, here are three things to keep in mind.   Legality The rise in popularity of Airbnb and other sites hasn’t been without its controversy. There are concerns that short-term rentals don’t have to pass the same certifications and inspections of regular hotels. Some cities
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Hallway Hacks

Some people don’t give hallways much thought when painting and decorating. Instead, they focus on rooms. The fact is, a great looking hallway can have the same, if not more, impact than the most eye-catching family room or bedroom, especially when you need to go through the hallway to get there! Here are some painting tips that can bring a dull hallway to life: • Paint the hallway the reverse of the rooms around it. If the rooms are dark, use light colours in the hall. If the rooms feature simple colours, consider being more dramatic in your choice of
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No Homes for Sale?

No Homes for Sale in the Area You Like? Here’s What to Do… Imagine there’s a neighbourhood you’d love to live in someday, but, every time you drive through, you rarely, if ever, see a For Sale sign. It’s as if homes get gobbled up by buyers the moment they get listed. It’s true, properties do tend to sell quickly in desirable, in-demand neighbourhoods. Does that mean you’re destined to either hope for a lucky break or miss out on ever living there? Fortunately, no. There are practical things you can do to increase your chances of getting into that
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