Purchasing an investment property is very different to buying a home for yourself. It’s natural to be caught up in the emotion of purchasing a home you plan to live in. But you must be clear-eyed and focused on the bottom line with an investment property. You want to weigh the cost against the prospective…
Read more
Winter is one of the biggest seasons for household fires as residents bring out long, unused heaters and electric blankets. Every home is vulnerable to fire, of course, so it’s essential you have working smoke alarms. It’s now a legal requirement to have a detector in your home. Not all smoke alarms operate the same…
Read more
As the winter chill lingers, the real estate market is still bustling with activity. Auction clearance rates continue to register above the 70% mark, indicating buyer sentiment remains strong. This makes it a perfect time for sellers to enter the market. Those of you who think they’ll get a better price during the spring selling…
Read more
Simultaneous settlements – the selling and buying of a home at the same time – happen every day. But sometimes, the wheels of property fortune do not roll so sweetly. If you’re selling before you find the next property of your dreams, you could find yourself “homeless” – at least for a short period. The…
Read more
Annual consumer prices are continuing to fall, and that’s good news for property buyers and sellers hoping to see a cut in interest rates in the near future. Statistics Canada says the April annual inflation reading was 2.7%, down from 2.9% in March. A 1.4% drop in food prices helped achieve this positive result. However,…
Read more
Are you a first-time homebuyer feeling daunted by saving for a down payment? The First Home Savings Account (FHSA) might be the solution you’ve been looking for. This registered account is explicitly designed to help Canadians achieve the dream of homeownership. What sets the FHSA apart is its unique blend of tax advantages and flexible…
Read more
Every mortgage type offers different options, and which one a buyer chooses will impact their future finances. The two main groups are fixed-rate and adjustable-rate mortgages (ARMs), which fall under the banner of conventional loans or those that the government doesn’t back. Other loans are government-backed, while jumbo loans are typically utilized for luxury, high-cost…
Read more
A home that goes on the market unfurnished presents additional challenges for prospective buyers. That’s because they’ll need an excellent sense of perspective and a good imagination to picture what the property might look like when furnished. Often, buyers will fear a property is smaller because it lacks furnishings to give some perspective to its…
Read more
It’s no secret America is experiencing a real estate market in which the seller has the upper hand. Historically low rates of homes coming onto the market have created this situation, even though our mortgage costs remain high as the Federal Reserve continues to keep the cash rate high to fight inflationary pressures. Yet even…
Read more
As your local real estate agent, our group is constantly aware of developments that may have an effect on the housing market. A significant upheaval might be approaching. Imagine a time when it will be lawful for Australian employees to insist on working remotely. The Fair Work Commission is reviewing this possibility. If these reforms…
Read more
