1. Research- Whether you’re ending your lease or selling your home, your first step is to do your research. ·
If you are a Renting: you must give 60 days notice prior to the end of your 1 year lease, or before your intended move out date if your lease is month to month (or less depending on your lease terms). Its also important to understand what the new rental prices are in your preferred area & what changes in prices for transport, parking or other fees you’ll face with your new home.
If you are a Selling: it is essential to understand market conditions, what your current house may be worth & what it will cost where you are looking to buy. Its also important to estimate what your closing costs will look like so you can factor them into your moving budget.
1. Knowledge & experience.
A Realtor has the necessary experience with the home buying or selling procedure as well as the Electronic Paperwork. It’s impossible to keep tabs on ALL aspects of today’s real estate market. You don’t need to bother trying to know everything if you hire the services of a knowledgeable & experienced agent. The agent will guide you through the entire process, making everything smooth and stress-free. Continue reading →
THE much anticipated federal First Time Home Buyer Incentive has officially come into effect as of September 2nd this year.
The FTHBI is designed to alleviate mortgage costs for first-time home buyers, providing shared equity loans of 5% toward the down payment of a resale home, & 5% or 10% for newly-built homes.
As helpful as this sounds, unfortunately for buyers in Toronto, this won’t even help to afford a Garage, as these markets are outside the qualification criteria.
So what’s the big idea? Continue reading →