Plan for these unanticipated costs when creating your budget. A number of first time homebuyers are often shocked when they see the total cost of their home purchase, including the additional expenses, on closing day. Here’s a list of a few of the “hidden” expenditures you should expect to pay. Land Survey Despite the fact that most lenders may agree … Read More
Bidding War: How To Survive
Do you have what it takes to win a bidding war? Bidding wars occur when multiple offers are placed on a house. The seller can take any offer, depending on the best conditions proposed. Do’s and Don’ts. Be careful not to allow multiple bids steer you into a spiral of “ignorant bidding”. Do your financial homework and know your limits. … Read More
Construction Mortgages
Considering building a new home? Here is what you will need to understand. Building a home is complex; your low mortgage rate shouldn’t be. Let’s take a look at three different ways to finance your newly constructed home in Canada: Builder/Contractor built a home with your money: Customer has made an agreement with a registered builder to construct their home. … Read More
For Sale By Owner – How Does This Change The Home Buying Process?
The DIY guide for selling and buying a for sale by owner property When it comes to selling your home, a growing number of people are opting for the do it yourself approach. The private sale of homes is becoming relatively common thanks to advances in Internet technology and an increase in For Sale By Owner (FSBO) companies. If you … Read More
Hot Real Estate Market: Tips For Buyers
Don’t get burned by a hot market Know Your Budget It’s a risk for any buyer to get in over their head with too high of a best mortgage rate investment. Remember to consider all costs related to buying a home and owning a home. You will need to make the mortgage payments, pay the utilities, do household repairs, etc. … Read More