Do you ever wonder how most people find the homes they eventually buy? You might imagine them driving by a “For Sale” sign or seeing a home for sale in the newspaper and then calling to enquire.
Of course, many buyers find out about listed properties that way. But, according to research by the National Association of Realtors, there are many other — sometimes surprising — ways buyers find their next dream home.
For example:
88% of buyers find a home with the help of a real...
“Closing Day” Terminology You Need To Know
Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. Thelast thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.
Disbursements. This is the allocation of funds to the appropriate parties, such as the seller. Your lawyer will take care of this for you.
Possession. This is the moment on...
Imagine you're viewing a potential new home. You walk in the front door and are instantly impressed. You explore the property room by room and like what you see.
Then there's something you notice that's not quite right. An odour. You realize that it's likely cat dander and, now that you've identified it, you smell it everywhere. Suddenly the home doesn't seem as attractive as it did just moments earlier.
The owner of the property is probably so used to the smell that he doesn't even notice...
2 HUGE changes to the mortgage market that may affect you
Both announced in the last 2 weeks, there are 2 BIG changes coming up in the Real Estate, and moreso, mortgage arena that will affect many people both buying and selling real estate.
CHANGE #1- Property Transfer Tax (PTT) threshold increased from $425,000-$450,000 to $475,000-$500,000
What this means for Buyers- Under the old rules, if you were to purchase a home above the $450,000 mark as a first time home buyer, you would...
The stakes are high when selling your house. I use a proven strategy that gives you the upper hand, every time.
Macdonald Realty LTD
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