Real Estate Blog

 

Both buyers and sellers should make a detailed list of items included in the sale of a property and reach an agreement on disputed items before closing. Most buyers take very little time to look at the “extras” in a home before they make an offer. Consequently, they may discover that beautiful antique mirror in the bathroom they thought came with the house has been loaded onto the moving van and heading to a new home.

Everyone has a slightly different concept of what should or should not be included in the home. Reaching an agreement on the definition of property can be the most difficult part of a sale. Many items can fall into dispute especially if they were special ordered, custom-made, expensive or have some personal significance.

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Wondering what you can do to sell your home quickly without spending a lot of money on home renovations? All you need is some practical advice on how to display your home to attract potential buyers. 

The idea behind home staging is to prepare your home to appeal to a wide range of viewers. You want to encourage buyers to visualize living there. If your home is cluttered, out-dated, or is not selling, you may want to hire a professional home stager who can make your home more attractive to buyers. If you want to know the basics of home staging so you can make changes yourself, here are some useful tips.

  •   Think of your home as a commodity. Remember, it is not going to be your home anymore and should be marketed as a product. Decide on a
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Unsure what a mortgage broker can do for you? This article discusses some of the many benefits and services provided by mortgage brokers in Canada. 

What is a mortgage broker?

A mortgage broker is an agent for lenders in much the same way an insurance broker is an agent for insurance companies. Mortgage brokers act as agents for banks, trust companies, credit unions, mortgage corporations, mortgage investment corporations, finance companies and individual private investors. Some mortgage brokers are exclusively lenders of their own money and provide a direct source of mortgage funds. These brokers are trained professionals that have to meet a satisfactory educational requirement before they may become registered. This requirement ensures you

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Summer has arrived, the weather’s warm and vacation season is in full swing.  Chances are you’ll be catching a flight this summer - whether you’re going domestic or international, use these tips for a more enjoyable and efficient flying experience.

Find affordable flights with these apps: 

Skiplagged - shows you hidden-city ticketing options to get you a flight for up to 50% less.

Hopper - predicts upcoming price trends

Has your flight fare lowered since you booked?

Contact the airline - some will give you the difference back in credit.

Give up your seat for a travel voucher.

If you’re not in a rush to get to your destination and you find yourself on an overbooked flight, let the ticketing counter know.  They may offer you a

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Old homes are attractive with their unique architecture and 'Old World' artistry, rarely found in newer homes. They are seen as affordable fixer-uppers, but no buyer wants to discover that beneath the surface of this charming home lays a shipwreck waiting to happen.

Foundation

The foundation is one of the most important aspects of any home – more importantly in older homes for two reasons. First, a serious problem called "sulphate attack" can occur because of a chemical reaction between the soil and the concrete, causing the foundation to crack and crumble. Naturally, sulphates occur in the soil and may build up from lawn fertilizer over the years. Modern foundation concrete is formulated to resist sulphate attack. The second concern with

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  1. Make a list of all the features you want in your new home such as the number of bedrooms, bathrooms, proximity to schools, shopping and workplace. 
  2. Be sure you can afford your home.  Your monthly housing costs should not be more than 32% of your gross monthly income and your entire monthly debt load (which includes other debts, such as car loans or credit card payments) should not be 40% of your gross monthly income. 
  3. Obtain a pre-approved mortgage from the lender of your choice.  This will help you determine the price range you should be looking in. 
  4. Calculate your other monthly living expenses such as food, clothing, transportation, personals and childcare to guarantee you can afford your mortgage payments.
  5. Call a REALTOR® in your
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With several rental properties or an apartment building full of tenants, having a property manager can make your business run more smoothly. However, you will need to make you that you hire the right service so your investments don’t fall into the hands of someone incompetent.


One advantage of using a property manager will free up your time, allowing you to expand your business and future investments. A downfall for this makes your business seem less personal about tending to renters’ requests. When you have a property manager, there is a middleman to take care of these needs.


Having more free time is a major advantage. Many people who manage real estate are always short on time since there are never enough hours in a day. A property

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Once you have a property ready to be rented, the obvious next step is to find the right tenants.  You want to make sure they’re responsible, pay their bills on time, and take good care of your property.  This can be anywhere from keeping trees and the lawn trimmed to not ruining walls and floors.

As a landlord, you have a right to look into a potential tenants background to ensure they have not been evicted from a previous residence due to lack of payment or misconduct.  You can also check credit history to make sure the tenant will be able to make payment. Think about the questions you were asked when you rented places and the process you had to go through.

Depending on the area of your rental property, there will be certain things to

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Seeking that perfect display home isn’t as overwhelming as it sounds.  Some hire professional home stagers to improve their homes appearance and sale price.  These professionals often have large storehouses of furniture and accessories or rental agreements with various stores.  After evaluating your home, they may decide to swap your sofa for on that may better suit the room. Once the home is sold, the loaner sofa goes back to where it came from. The same goes for any accessories or add-ons they provided.  If hiring a professional is not in your cards, there are a few steps you can take to achieve a similar outcome.

Painting is inexpensive and can make a dramatic impact on your home.  Colour and light are usually the first things people become

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Renovating and remodelling your home can go a long way in giving it the appeal it needs to boost its value to buyers. In today’s market, the majority of buyers are looking for homes that require minimal work. As a seller, it’s important to look at the return on investment for your renovation efforts, not all upgrades are worthwhile. Most often the best places to spend your renovation budget is in the kitchen and bathrooms.

Mid-Range Major Kitchen Remodel
Cost: $66,196
Value: $41,133
Cost vs. Value: 62.1%
Update 200 sqft kitchen with a functional layout of 30 linear feet of semi-custom wood cabinets including a 3x5ft island, laminate countertops, and a standard double stainless steel sink with standard single lever faucet. Includes energy-efficient range

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