Found 202 blog entries tagged as real estate.

Home Buying Timeline

Buying a home is no easy feat, but knowing what to expect and preparing for the journey ahead is key to a successful home-buying experience! On average, it takes 3-4 months to shop for a home and 30-60 days to close on your property once you're under contract.

There are a lot of variables that go into buying a house that could make things move faster or slower. The timeline differs for each individual and depends on the housing marketing, inventory, time of year, your financing needs, and the kind of home you're looking for.

Here's a generic outline of the buying process from beginning to end (with the average amount of time each step takes) so you can get an idea of what to expect when buying a home!

1. Find a…

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When it comes to buying a home, sometimes potential buyers make lowball offers on real estate home listings in hopes of snagging a deal. However, while lowball offers may seem like a smart move, they rarely work, and can actually be detrimental to everyone involved in the real estate transaction. In this blog, we'll explore the reasons why lowball offers don't work, why they can be offensive to sellers, and why they demonstrate a lack of confidence in the real estate market.

First, let's define what a lowball offer is. A lowball offer is an offer made on a property that is significantly lower than the asking price or the market value of the property. For example, if a potential buyer offers 15% below list price or lower, that would be considered a…

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Worried about Finding a Home if You Sell First?

There are many reasons why selling your current home before buying another one may be a good idea. But, once you’ve made that decision, you may still worry that you won’t find another home to buy after you sell.

Fortunately, there’s plenty you can do to minimize that possibility.

For example, if you sell first, you’ll know exactly how much you can put toward a new home. Having that specific number in your back pocket will enable you to target your search and immediately jump on buying opportunities. When you see a home you like, you won’t have to wonder, “Can we afford it?”

Creating a buying plan will also help you quickly find the home you want.

Ideally, it should have a shortlist of neighbourhoods or areas you are considering. Narrowing…

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When you think about selling your property, do you dwell on the possible work and stress involved? You're not alone. Many homeowners share the same concerns.

But it doesn't have to be that way.

In fact, there are plenty of ways to add some fun, anticipation, and even a sense of adventure to the selling process. Here are just a few ideas:

  1.     Plan fun things to do when your home is being shown. That can include walks, sports activities, or trying something you and your family have never done before.
  2.     Declutter for your own benefit. Instead of thinking about decluttering as a chore required for the sale, focus instead on how much more comfortable your home will be after decluttering. Studies consistently show that less clutter…

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It’s interesting to note how so many things have their “season.” Hockey in the winter. Vacations in the summer. Gardening in the spring. Even retirement reportedly occurs more often in the fall than any other time of year.

To some extent, even real estate seems to have a season. The spring is traditionally an active time for home sales. But, does that mean you should wait until spring to list your home?

Here’s the reality...

Properties sell all year round. There are buyers actively looking for homes at all times of the year. In fact, there are bound to be buyers that would be interested in your home if you were to list it this month. While it’s true that the market may fluctuate throughout the year, with some months featuring higher or lower…

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 Pulling Together the Records you Need when Selling

Imagine you’re viewing a home for sale. You venture to the basement, check out the furnace room, and notice the water heater. Is it owned or rented? As a potential buyer, you’d want to know.

Now imagine a property you’re viewing has a brand-new gas fireplace. Nice! Is it under warranty? Is that warranty transferrable to you if you buy the home? Again, you’d want to know.

So, when you’re selling, it’s important to pull together all the necessary records you will need in order to answer these types of buyer questions. After all, if a particular warranty transfers to the new owner, that’s a selling point.

Take the time to find receipts, warranty certificates, and other documents related to:

1) Renovations (e.g., a bathroom…

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Preparing for a Day of Multiple Viewings

When you’re selling your home, several viewings of your property may be scheduled on the same day. That can be a good thing because it can create increased excitement about your listing.

To prepare for a multiple viewings day, follow these tips:

  •          Clean and prepare your home the day before. That way, you’re not scrambling to get things ready in the morning.
  •          Confirm the time of the first appointment. Schedules can change quickly.
  •          Plan to leave your home a half-hour before the viewings begin. Some buyers might feel awkward if they run into you as you’re coming out.
  •          Make a last-minute checklist.
  •          Assume the viewings will go overtime. Plan to be away at least a half-hour after the…

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 The Role of Personal Goals when Deciding to Sell

Many people decide to move for practical reasons. For example, some might be required to move due to work relocation and others may realize that their household has changed and they are ready to downsize or upsize.

But personal goals play an important role too.

In fact, when deciding whether or not to sell your property and find your next dream home, it’s essential to consider personal goals—your own and those of other family members too.

After all, where you live, and the type of home you live in, can greatly impact your goals and dreams.

For example, if you’re active in a particular sport or another hobby (such as hiking), being able to enjoy that activity locally might be an objective. If your goal is to live in a certain…

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Predicting Your Future Housing Needs

What will your housing needs be in three to five years? If you can figure that out, you can watch the market, target areas and neighbourhoods you might like to live in, and reap the benefits of planning ahead.

To begin the process, start by asking yourself the following questions:

  1. What will my family look like in three to five years? Will there be a new addition (or two) to your family? Will you have kids that are grown up and about to move out? What is the possibility that an elderly relative (Mom, Dad or grandparent) will be living with you?
  2. What will change regarding work and school? Will a teenager be off to college? Will you or your spouse be retired? Will someone in your household be starting a home business?
  3. How will your…

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