It can be said that this is the chicken and egg question of the real estate world. If you already own a home and are planning to move to a new one then you will get stuck on the same question. Should you buy a house first and then sell your house or should you sell your house first and then buy one? Ideally, you would be buying and selling them at the same time, but that maybe harder than it sounds. It can take months to buy or sell a home which puts people in a predicament.
There is no single answer to the question which will be right for everyone; the right answer depends totally on the market and your own personal situation. Below are a few tips that hopefully help you at least get you started with your decision. Continue reading
The number of people who hate property taxes is much more than the number of people who understand property taxes. The mistake most people make is that they think property taxes work just like other taxes; however, the reality is that property taxes are very different from any other type of tax. The housing market is a growing at an unprecedented rate right now and this could end up having a large effect on your property taxes. Let’s go through what Property Taxes are and how they work. Continue reading
Downsizing becomes an inevitable reality for many people who plan to move to smaller places once their kids move out and start their own families. They might find it unsuitable to maintain a large house and keep up with the chores when they really do not need all that space anymore. In today’s date more couples are going for downsizing, especially the baby boomers who prefer to spend their post-retirement life traveling and exploring new places. However, it can be shocking to find that simplifying your life can be much more complicated than expected. Over the years we build our home by buying and placing multiple objects in our homes. It includes your stuff and that of your kids. It takes a lot to determine what stays and what goes when you are moving into a smaller place. Here is a small list of pointers that can help you with downsizing when you finally plan to do it. Continue reading
If you have decided it is time to sell your home, it may seem like a good idea to try and do it yourself. After all, how hard can it be? The truth is, it isn’t as easy as it seems, and if you’re not equipped with the tools and reach of a professional real estate sales representative, you may actually end up losing out on profits from the sale of your home or find it hard to even sell it at all! Continue reading
In this 12 Part series of “A Complete Look at Buying a Home“, Part 5 looks at Top Mortgage Application Tips.
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
In this section of “A Complete Look at Buying a Home“, Part 1 and Part 2 talks about uncovering the truth about buying a home.
When embarking on the exciting journey of home ownership, buyers must consider a multitude of factors when deciding on a suitable property to purchase. Things like market conditions, affordability, interest rates, and location are just some of things to ponder. Home ownership is a big step and must be approached with a plan. 5 of the most common questions potential buyers face are:
- Is now the right time to buy?
- What type of home is right for me?
- Do I need a real estate agent?
- Should I be shopping for the lowest mortgage interest rate?
- Should I buy a home?
Many families in the Durham Region enjoy summer days lounging pool side. However as the weather has started to cool down, thoughts turn to the unenviable task of closing up the pool for another season. This is an especially important task to ensure a smooth opening in the spring and more importantly, to protect your pool equipment from any damage. Here are a few tips for closing your pool for the winter: Continue reading