Isn’t it great when you find the perfect house and it fits within your budget as well? The only not great part is many other people who want it too, and you are going to have to beat the competition to make that house your home. The housing market in the Durham region is very active thanks to so many people moving here and every good house we have seen, more likely than not are being sold having multiple offers. So if you really have that house and are sure to be facing a bidding war, here are some tips to help you win the war. Continue reading
Buying a home can seem a lot like being a contestant on ‘Let’s Make A Deal’. With all that goes in to making a home function (electrical, plumbing, structure), trying to look past the cleaned up and staged homes on the market is like trying to guess ‘what’s behind door #2?’ Most home buyers are not qualified to make that guess. That’s why a prudent real estate agent should insert an inspection clause into any agreement of purchase. The cost of hiring a professional home inspector far outweighs the potential for hidden problems that lurk in a freshly painted and decorated money pit. Continue reading
Over the next couple of weeks, chances are you will be seeing some rather spooky and supernatural depictions as you drive around the neighbourhoods of Durham. Hallowe’en is just around the corner so expect to see ghosts and goblins everywhere. But all kidding aside, would you ever consider living in a house that has a reputation for being ‘haunted’? ‘Psychological stigmas’ do exist in real estate and are worth consideration when buying a home.
A psychological stigma is a non-physical element of a property. It could be the idea that it is haunted, or was owned previously by someone who was notorious for some terrible crime. Stigmas are based on people’s perceptions and individual beliefs. There is no one right or wrong opinion. A house that sends one perspective buyer running and screaming for their holy water may be just the exact fit for another. They key is make sure that your real estate agent is aware of all the criteria for the property you are looking for. Continue reading
Location, location, location. This real estate cliché is perhaps the most important factor when deciding on which property to purchase. In its simplistic form, a house is a combination of bricks, mortar, and other materials. These can be changed to suit your wants and needs. But add in location (neighbourhood, proximity to family and friends, schools) and suddenly that house suddenly becomes a home. Click below so you can choose the perfect location in 5 steps for you and your family. Continue reading
When making the biggest purchase and investment of your life, you are going to want an expert to guide you through the process. What are the schools like in an area? What have comparable homes sold for? How do I make an offer? These are just some of the questions that a real estate professional will help you answer. Knowledge is power and when buying a home, the knowledge and experience of your real estate agent can make all the difference in buying your dream home. Click below for our checklist that you may want to use when deciding on just how suitable your real estate agent really is. Continue reading
Buying a place of your own is an important and exciting phase of your life. It is one of the, if not the most important, major investments in your life. A home is a place to eat, play and sleep. It is the place where you raise your family. Continue reading
For the majority of us, purchasing a home will require a mortgage. After various credit and employment checks, lenders will generally give you an idea of how much of a mortgage you qualify for so that you can confidently begin the exciting journey of house shopping. However, unforeseen financial or credit problems (an error on your credit report for instance) can make the road to home ownership a bumpy one. Here are some excellent tips every buyer should follow prior to securing a mortgage. Continue reading