Archives for Real Estate

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 massive bonus for a recreational
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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 for
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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. Roof gutters and siding should also
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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 takes approximately 50 days
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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 performing well. In other words,
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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. Lenders interest rates and offers can vary. This means if you
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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 be tempted
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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 Seller Resolutions

Last week on my blog I talked about resolutions you should make (and keep) if you are planning to buy in 2018. This blog can be found here https://thehouse4u.ca/2018-home-buying-goals/. But what should you do if you are planning to sell in 2018? Regardless of season or market conditions, remember that you only have one chance to make a good first impression. Before listing your home, commit to these five New Year’s Resolutions to help ensure the quickest sale for the highest price. Mark Your Calendar Set your listing date well in advance to help you anticipate, plan and prepare to
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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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