buyer client: Dealing With A Home Inspection Issue - 04/27/16 09:00 PM
As you may know, it’s common to include a home inspection as a condition of an offer you make. It protects you from issues that you might not otherwise see during a viewing.
What do you do if the home inspector finds something wrong? The inspector might find a leak in the foundation, or windows that are old, drafty and need replacing.
Must you pass on a property that you otherwise like?
Not necessarily. Just because the home inspector discovered a deficiency doesn’t necessarily mean you shouldn’t purchase the home. You should, however, bring the issue up with the seller.
Your REALTOR® will do that … (2 comments)

buyer client: Home Shopping And The Four-Legged Stool - 04/25/16 03:35 AM
What kind of stool is most likely to keep you from toppling over when you sit on it? Of course, two-legged stools won’t even stand on their own. Three-legged stools are okay, but still unstable. Four-legged stools are rock solid.
What does that have to do with shopping for a new home?
Well, if you want to find the right home quickly and for the best price, you need to have four things in place – the four legs of the stool. They will help ensure the experience goes smoothly.
The first leg is your wish list. You need to have a clear picture … (1 comments)

buyer client: Make Two Wish Lists When Shopping For A New Home - 04/19/16 10:54 PM
When shopping for a new home, create a wish list of the features and characteristics you want. After all, there’s no sense looking at properties with kitchenettes when you won’t settle for anything less than a full-sized kitchen that Julia Child would envy.
But there are probably some features that are nice-to-haves but not must-haves. For example, you might like a large wrap-around deck in your backyard, but would settle for a home that doesn’t have one. (After all, you can always install one later.)
That’s why it’s a good idea to create two wish lists. One list would include all the features … (0 comments)

buyer client: Should You Worry About Market Fluctuations? - 04/16/16 02:03 AM
You turn on the television and watch a news story about housing prices going down. Then you receive a flyer in the mail about a property around the corner that sold for a decent price. Next you read a newspaper article about the housing market on the upswing again.
It’s a little like being on a roller-coaster ride!
Unfortunately the ride isn’t much fun if you’re thinking of buying or selling a home. In fact, it can be very confusing and frustrating. You just don’t know if “now” is the right time to make a move.
In reality, the housing market has been fluctuating … (1 comments)

buyer client: Shop for Insurance Before You Close - 04/08/16 11:59 PM
After purchasing a new home, buyers are often focused on securing a good mortgage, hiring a reputable moving company, and preparing for moving day.
Those are all important. Just don’t forget about home insurance! It’s an easy detail to miss. If you wait until the last minute to make those arrangements, you may not have time to shop around and get the best policy and rate.
When is the ideal time to shop for home insurance? When your offer is accepted. Don’t leave it until the last minute.
 
(1 comments)

buyer client: Making Sure Your “Wish List” is Complete - 04/02/16 01:39 AM
Before shopping for a new home, people often create a “wish list” of the features they desire most. That's a good way to ensure you choose a home that best fits your needs and desires. For example, you might want an extra bedroom for guests, ample space for a home office, a local playground for the kids, and so forth.
However, many buyers don’t make their lists complete enough. You might find a home with the extra bedroom and nearby playground you want, only to realize, too late, that your commute to work becomes twice as long. You missed the importance of … (3 comments)

buyer client: When to Consider Buying a “Diamond in the Rough” - 03/26/16 02:40 AM
Let’s face it. When you visit a home during a scheduled viewing or open house, you’re usually seeing it at its best. The rooms are tidy. The sinks are clean. The closets are organized and uncluttered. Even the lighting is set to its brightest.
That’s just good old-fashioned marketing.
However, not every house you see will actually look this way. For any number of reasons, a house on the market may be less than tidy, poorly decorated, and even in need of minor repairs. You may open the front door in anticipation, only to be immediately turned off by stains on the carpets, … (4 comments)

buyer client: When the Home Inspector Finds Something Wrong - 03/24/16 12:53 AM
You shop for a home. You find one you like. You make an offer — conditional on a satisfactory home inspection.
Okay so far.
Then the inspector discovers a problem with the home that may require an expensive repair or renovation. Perhaps the frame in the front door is cracked; or there's a leak in the roof; or the furnace is due to be replaced.
What do you do?
You don't want to pass up an opportunity to purchase what could be your dream home. On the other hand, you don't want to have to deal with potentially costly repairs.
First, keep in mind that you … (1 comments)

buyer client: Shopping for the Right Neighbourhood - 03/06/16 08:30 PM
When most people shop for a new home, they think about the kind of house they want: three bedrooms, two bathrooms, trees in the backyard.
But it also makes sense to shop for the right neighbourhood.
Think about it. In what type of area would you most like to live? What neighbourhood features do you want most? For example, you may want your next neighbourhood to have a good high school, a nearby recreation centre, and close access to public transit.
Make a list of what you want and then go “shopping” by visiting neighbourhoods that meet your criteria.
Your next home is more than … (2 comments)

buyer client: Help Buyers Understand The Area - 02/28/16 10:13 PM
There’s a famous saying in the real estate business: “Location, location, location”. It simply means that where your home is located — the neighbourhood — is just as important to potential buyers as the features of the property itself.
Sellers often make the mistake of creating a long list of home features while ignoring neighbourhood features. They tout the spacious kitchen, the newly renovated bathrooms and the gorgeous backyard deck, but say little about the area.
So when you’re ready to sell your home, sit down and create two lists: home features and neighbourhood features. Buyers want to know both.
On that neighbourhood features … (0 comments)

buyer client: Does Location Really Matter? - 02/20/16 10:38 PM
You find a beautiful home available on the market, but you’re not so sure about the location. Does it really matter all that much? Yes, it does. That’s why you’ll often hear REALTORS® say, “Location, location, location.”
The location of a home you’re considering buying will affect you in two ways.
First, it will affect the property’s future resale value, especially if the neighbourhood is becoming less desirable.
Second, it will affect your lifestyle. If the area doesn’t have the features you want — nearby schools and playgrounds, walking trails, proximity to activities that interest you, such as golf or theatre — you probably … (3 comments)

buyer client: Why You Shouldn't Touch a BRA on a First Date - 02/18/16 07:00 AM
You should never ever touch a bra on a first date. Or second date. May be on a third if you are lucky. And I don't care whether you are a dude or a gal, just don't touch it. Because you have no idea what you might be getting yourself into!
 
So, you just met. Or, no, you didn't even meet, you are just on phone talking, asking pre-qualifying questions and all you can think about is BRA! You think this is the coolest, the most desirable thing for you at the moment, but...Seriously, stop it! What if you or the … (5 comments)

buyer client: Trying To Find A Bargain Home - 02/02/16 05:19 AM
You’ve heard the story. Someone finds a home on the market that seems underpriced, grabs it, and subsequently discovers it’s worth tens of thousands of dollars more than the selling price.
What a bargain!
The truth is, bargains like that rarely happen.
Most properties sell for somewhere close to their market value. That’s why you need to find the perfect home for you, in the right neighbourhood, with a list price that is within your affordability range, and then buy that property for the lowest price your REALTOR® can negotiate.
When you shop for the right property at the right price, you have a good … (0 comments)

buyer client: Traffic Matters - 01/22/16 10:59 PM
Like taxes, traffic is a fact of life. So, when you're shopping for a new home, consider how the road situation will affect your commute to work, access to shopping and attractions, and the ability to conveniently reach places you need to go.
After all, it’s difficult to enjoy your new home if you’re constantly sitting in traffic!
Ask your REALTOR® about known congested streets and intersections, school busing routes, and access to public transit.
Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.com - Condos and Houses for rent
CondoName.com … (2 comments)

buyer client: Get It In Writing - 01/11/16 04:49 AM
As you tour a potential new home, you notice that the carpeting in the living room is stained. “Don’t worry about that,” says the homeowner, who senses your disapproval. “We’re going to get the carpeting professionally cleaned before we move.”
Should you take their word for it?
Regardless of how honest a seller may seem, never rely on a verbal promise.
Will they move that abandoned car in the back yard? Will they fix the crack in the front steps? Is that expensive-looking ceiling fan included with the house?
Don’t assume. Get it written into the offer.
Your Real Estate Connection:
Marina Gavrylyuk
Real Estate … (3 comments)

buyer client: When Choosing a Fixer-Upper Makes Cents - 12/27/15 08:52 AM
Some renovations can significantly increase the market value of a home. Others can cost more than you’ll ever get back.
So, when choosing a “fixer-upper”, look carefully at the work that needs to be done.
General painting, and bathroom or kitchen renovations typically increase the resale value of a house. “Invisible” repairs such as plumbing, electrical, or heating systems do not.
Before you buy, work with your REALTOR® to develop a market value estimate of the house you are considering as though the renovations you’re contemplating are already complete.
If the math works, go for it. Buying a “fixer-upper” can be very rewarding.
Your Real Estate … (1 comments)

buyer client: Getting Your Home Hunting Ducks in a Row - 12/23/15 01:01 AM
Say you’re shopping for a new home. Your goal is to find the ideal property, in a neighbourhood that is just right for you, within a price range that you can afford.
What do you need — at minimum — to get started?
If you’re looking for ways to get your ducks in a row, here are some suggestions:
A property wish list. What does your ideal home look like? How many bedrooms does it need to have? Do you require a spacious recreational room? A large deck? A pool? A nice view? Get your wish list down on paper. A neighbourhood wish … (1 comments)

buyer client: How Much Can You Really Afford? - 12/14/15 08:56 AM
“Can we afford it?” That’s the first thought that comes to mind when shopping for your next dream home. Fortunately it’s an easy question to answer if you consider your lifestyle, financial goals, expenses and mortgage eligibility.
Lifestyle
There’s more to life than just paying the mortgage and other living expenses. Hobbies, entertainment, vacations, family adventures, and charitable causes are also important. Don’t be house poor. Think of your “lifestyle” as another bill you must pay — to yourself.
Financial Goals
Your new home is not just a place to live. It’s also an investment. Make sure it fits with your overall investment plan, which … (0 comments)

buyer client: Is It A Mountain? Or A Molehill? - 12/11/15 09:30 PM
There’s an old expression: Don’t make a mountain out of a molehill. It refers, of course, to putting a problem or issue in the right perspective. Some things just aren’t worth worrying that much about – the molehills. However, there are other things that you do need to be concerned about – the mountains.
What does all this have to do with buying a home?
It’s difficult to find a property on the market that is absolutely perfect and has no issues what-so-ever. Even if you find a home that you fall in love with and that meets all your requirements, there are … (3 comments)

buyer client: How To Handle Offers - 12/04/15 10:12 PM
You obviously have experience purchasing a home. But you may not have had an opportunity, yet, to be on the other side of the transaction: putting your house on the market and entertaining offers.
Offers, in particular, can intimidate first time sellers (even those who have bought and sold a few times). After all, the stakes are high. If you don’t accept the offer, deciding to counter-offer instead, the buyer may lose interest. If you take the offer, you may do so at a lower price than you could have otherwise negotiated.
Let your REALTOR® help you steer clear of both those dangers.
An … (2 comments)