buying: 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)

buying: 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.
 
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buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: 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)

buying: It’s All About Personal Service - 12/08/15 08:36 PM
In Real Estate, it’s understood that personalized service really makes a difference.
That’s why you are entitled to expect value-added, cost-free information and advice on real estate subjects that interest you. Here are a few examples of topics you might find worthwhile:
Financial and market trends Neighbourhood property activity Renovations and décor ideas Taxation and other municipal issues If you want to be kept “up to speed” on a particular real estate issue, just call to make an appointment to set up a monitoring program that’s right for you. Here’s how it works:
You define the issues that are most meaningful to … (3 comments)

buying: 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)

buying: Buying a Home That Needs Work - 11/30/15 07:43 PM
When you’re shopping for a new home, you may come across properties that require repairs or renovations. Are these houses worth the added expense? Will you get your money back if you decide to sell the house in the future?
According to market studies, certain renovations and repairs do add more value to a home than the repairs typically cost. These include kitchen and bathroom renovations, new or improved landscaping, and electrical and plumbing repairs.
 
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
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buying: Understanding the Home Buying Process - 11/29/15 07:50 PM
The more you know about the best way to reach a goal, the more likely you are to get the result you want. So, whether you’re hunting for a new job, assembling a backyard BBQ, or training for a 3 mile run, you’ll want to use a proven process to help you get there.
That certainly holds true when shopping for a new home. There is a proven process to getting the home you want, in the neighbourhood you want, at a price you can afford. Here are the highlights:
Get ready
There’s a lot you must do before you pack … (0 comments)

buying: The Advantage of Getting Pre-Approved - 11/28/15 10:47 PM
One of the best things you can do to ensure you get the home you want is to arrange for financing before you go shopping. This is often referred to as getting “pre-approved”.
Getting pre-approved simply means that your lender has calculated how much of a mortgage they’re willing to offer you, depending on your down payment and current financial situation.
There are two advantages to having a pre-approved mortgage. First, you know exactly what you can afford when shopping for a new home. Second, when you make an offer, you’re likely to be taken more seriously.
Your Real Estate Connection:
Marina Gavrylyuk
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buying: Will Your Furniture Fit? - 11/26/15 07:38 AM
When shopping for a new house or condo, most buyers consider such factors as neighbourhood, proximity to schools, number of bedrooms and bathrooms, size of the kitchen, and more. These are, of course, all important considerations. But there’s one question that few buyers ask – until it’s too late. “Will our furniture fit?”
This may seem like a trivial concern. But if you’ve invested thousands of dollars in a new living room suite, you’re going to be very disappointed if it looks too crowded in your new home.
Here’s a tip: measure rooms in your current home that contain the furniture you like … (1 comments)

buying: Getting Schooled On Local Schools - 11/24/15 07:38 PM
If you have kids, the local school will be a big part of your new home buying decision.
That’s why it’s important to get a school’s “vital statistics”, such as:
Safety record Curriculum Accommodation for special needs Awards Average class sizes Extracurricular activities. (sports, arts, crafts, technology, etc.) Scores on standardized achievement tests Daily schedules and vacations Even such seemingly inconsequential details as hours of operation can be important. If school starts a half hour later than you expected, you may not be able to drop off your kids on your way to work and therefore, you will need to make other … (0 comments)

buying: Why You Should Order Your Own Credit Report - 11/22/15 08:15 PM
“I don’t have a problem with credit,” a potential new home buyer says. “I pay my bills on time. I never have trouble getting a loan.”
That may be true. However, according to several surveys, most people are surprised by at least one piece of information in their credit report. And it only takes one derogatory item to create an obstacle to getting the lowest mortgage rate possible, or even getting a mortgage at all.
That’s why it’s important to check your credit report before you shop for a new home. You will then have the opportunity to deal with any unexpected issues.
For … (0 comments)