Six Steps To Buying A Home
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Six Steps To Buying A Home
Six Steps To Buying A Home first appeared on: GTA Real Estate Pros 154 Bathurst St, Toronto, ON, M5V 2R3 647-362-2000 https://goo.gl/Yj7G5g
Reverse Mortgages – An Alternative to Selling for Seniors
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Reverse Mortgages – An Alternative to Selling for Seniors
You don’t usually find a realtor giving advice about taking an alternative to selling their home. But that’s just what we’re going to do here – because its important that you know all of the options available to you before you make up your mind on what to do with your home. Sometimes those past retirement have hit financial trouble due to a lack of income and an insufficient pension with growing living expenses. Many people in this situation turn to selling their home, not because that’s what they want, but because it’s a way for them to use what equity they have to finance their living costs, and then move into a small, affordable apartment or rental unit. Well, that’s not your only option if you find yourself in this situation. There is a mortgage product, called a Reverse Mortgage (or CHIP Mortgage) , that allows you to take out a mortgage on your home based on the equity you have built up, and not make any payments until you decide to move. This allows you to meet your ...
Pre-Approvals – A Crash Course For Buyers
The process of buying a home can sometimes seem tedious and complex. You have to schedule a time to view houses – yet still go about your daily routine. However, having a pre-approval for a mortgage can make your work easier . In fact, it gives you an advantage to home-buyers who are shopping for a home idly. A pre-approval helps you narrow down to homes within your financial budget. As such, you can run a narrow, focused search – knowing exactly the range you’re looking for. And when the time comes to make an offer on a home, it will actually be useful as part of the negotiations. On top of this, you can get professional help, advise and guidance on exactly how much you can afford and what your budget for a home should be. So there are very good reasons to get a mortgage pre-approval before buying a home. How Do You Get Pre-Approved for Mortgage? You have two choices really: Talk to your own bank or lender and get pre-approved through them. This does – however – limit your...
Putting In An Offer On A Home – Tips And Strategies To Win
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Putting In An Offer On A Home – Tips And Strategies To Win
So, if you’ve seen the house of your dreams and decided on a winning strategy for buying it together with your Agent – the next step is putting in an offer. Now, this is the step where many people fail. If you’re been through this process already and lost a home at offer, then you already know what we’re talking about. You can write an offer that is too high and end up spending more money than you wanted, or give an offer that is too low which will get rejected instantly and lead to you missing a house that you wanted. This is why it’s crucial to find that golden middle point where both you, the seller and the Agents are all satisfied with their share. If you have a good Real Estate Agent helping you, they’ll almost certainly have a pre-written offer template that they use and can assist you with coming up with the whole offer without you having to do all the work. However, it is very useful and important that you also know the basics of what goes into an offer and how ...
Apply To View A Listing
Apply To View A Listing first appeared on: GTA Real Estate Pros 154 Bathurst St, Toronto, ON, M5V 2R3 647-362-2000 https://goo.gl/Yj7G5g
Buying A Fixer-Upper vs. A Move-In Ready Home
Finding the right property to buy is always a strenuous task, regardless if it’s your first home, your second one, or just a weekend getaway home. It’s a process that requires a lot of planning, a lot of research, and of course, a lot of money. And all up until recently, most of us thought that the house we’re buying has to be completely intact, with new appliances, fresh paint, functioning heating and cooling systems and 100% updated. However, in recent years, a new way of house hunting has been popularized – fixer-uppers. Although they gained their popularity thanks to TV shows, many people have started taking action and buying fixer-uppers themselves. You might’ve thought of buying one yourself, but before making any rash decisions, make sure to think about it twice. Fixer-uppers are not for everyone and there are some things you need to be aware of before buying one . The same goes for move-in ready homes. Not everyone wants to have someone else decide everything from thei...
The Key Professional Help You Need To Buy a Home
If you’re reading this, you’re probably ready to make that move to home ownership. Now, here’s the thing with the real estate market: you’ll find yourself working with several professionals while looking for your dream home. As such, it is essential to have a full grasp of what you should expect from them, what they do and how their interest differs. So, let’s get started. An Overview Of The Process The advice given to home buyers often focuses on each step in the home buying process . From the moment you decide to become a homeowner, you’ll develop a budget to work with, a savings plan and a comprehensive evaluation of your financial situation. These steps will play a crucial role in determining the type of home, neighbourhood and features you can afford to buy. So, you should expect to work with several professionals in your home buying experience . As the home buyer, you’ll be the star of this show! The other people involved will be your supporting players. Some of them w...
Home Viewing Checklist – 7 Key Things To Look For
Smart home buyers will look beyond the fresh coat of paint and dig deeper to spot the significant repairs that others may have missed. Remember: finding an issue doesn’t mean you can’t buy the home . Sure, you’ll often identify problems during an inspection – but it’s smart to look at things before making an offer. If you’re the kind of person who turned up to a home viewing and isn’t really sure about what to look at – other than if the home ‘looks nice’ – then this list is for you . With these 7 items at your next home showing you’ll look like a pro! Home Viewing Check List 1. Foundation issues Most homes might be settling into their positions, so hairline cracks will start to appear. But, others have significant gaps, which indicate faults with the foundation. Before you make an offer on a home, check it’s foundation . You do this by walking around the outside, looking for cracks in the walls and support – as well as any tilting. Also, go into the basement and crawl...