Tagged : tips and tricks

Home owners who are currently selling their home or are thinking about selling their home are likely to face challenges before and during the home selling process.  

Many of the challenges that are faced during the home selling process cannot be controlled by the home owner. Things such as local market conditions, unrealistic home buyers, and low-ball offers are just a few examples.

When buying a home, there are many things that can scare away a potential buyer from a seller’s home. Keep in mind, some buyer’s can be scared away by very minimal things.  Many of the things that can scare away a potential buyer are things that a seller has complete control over.  Many of the things that can scare away a potential buyer are actually fairly minimal while

Anyone wanting to buy her first home, especially in a big city, sees the gulf between her dreams and reality.

From the Financial post

A so-called starter house in Toronto and Vancouver may cost more than $1 million. In January, the average price of detached homes hit a record high of $1.83 million in the Vancouver region; meanwhile, a tiny fixer-upper in Vancouver’s posh Point Grey neighbourhood sold last month for $2.48 million.

“It’s that white picket fence dream; the dream of owning a home still exists but it needs to be augmented for today’s reality,” says Ryan McKinley, a senior mortgage development manager at Vancity, a Vancouver-based credit union.

“It used to be that you get out of school, get your first job and there you are with your

Today’s world is moving faster than ever, and that includes the exchange of money.

How often do you make financial decisions per day, 10, 20, 30 times? Whether it’s the decision to buy organic food, new sports equipment for the kids, or gas for the car, financial decisions are a huge and fundamental part of our everyday life. Would it help if our kids had some guidance on how to make all those little decisions effectively, so they can create a solid financial future? You bet; there is an epidemic of adult children staying in their parents’ homes or moving back home because they cannot financially support themselves. Check out this NEFE study on parents financially supporting adult children.

When do you need to start? Now. There is a real urgency to

Vancouver, BC – April 15, 2016.

The British Columbia Real Estate Association (BCREA) reports that a record 12,560 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, up 38 per cent from March of last year. Home sales last month eclipsed the previous record of 11,683 unit sales in May of 2007. Total sales dollar volume was $9.69 billion
in March, up 66.9 per cent compared to the previous year. The average MLS® residential price in the province was up 20.2 per cent year-over-year, to $771,620.

“Housing demand has never been stronger in the province,” said Cameron Muir, BCREA Chief Economist. “Most large population centres of the province are now experiencing record levels of housing demand.”
“Strong employment growth,

Things that can affect a home sale

Are the neighbours nice? What's the kid's favourite spot to play? What repairs have you made? What does THIS thing do? How long does it take to get to the airport? Really, that quick? Well, what about in rush hour?

No one's better able to answer those and a million other buyers' questions than you. You can be a font of wisdom and confidence and expertise, the ideal person to advocate for your biggest asset.

But there are some common mistakes, errors we see in the real estate industry every day, that could make you, let's say ... the less-than-best person.

Beautiful pictures, a thoughtful comparative market analysis, a smartly worded MLS listing, great exposure through Internet real estate sites and your own

Anyone who's ever moved can tell you how much of a hassle it is

And spring and summer are peak times for moving. Matt Guest, owner of First Rate Movers Inc. , helped compile this list of moving to-dos to take some of the stress out of the process.

RESERVATIONS

Try to book a moving company or a truck as early as you can to make sure you have what you need on the date you need it. Guest says that although the busiest times for moving companies is between April and August, it's even worse during the last week of each month. Make arrangements sooner rather than later.

NOTIFY & COLLECT DOCUMENTS

If you're moving out of the area, make sure to let all the firms you deal with know about a month before the move so they can collect your records - in

Even with lending standards tightening up following the financial crisis, there are still a number of low-down payment loan options for qualified buyers.

Unfortunately, some sellers and their Realtors are making the mistake of pushing away these buyers by demanding a higher down payment than is truly necessary.

There seems to be some confusion on the part of these sellers and their agents as to what qualifies a buyer to get a loan, and whether that no-down payment buyer will be a good person to sell to. In many cases, a buyer with a twenty percent or more down payment is no more likely to get a loan than a no or low down payment borrower but don’t make the mistake of brushing aside a qualified buyer by demanding too high a down payment when selling

Buyer’s remorse is a common feeling during the home buying process.  

You loved your future home when you signed the contract to purchase it, but now you’re not sure if you made the right decision.

What if you acted too quickly and a better house comes on t - he market next week? What if you paid too much for the house? What if something happens to your finances and you can’t make your house payments? Did I bite off more than I can chew?

"Buyer's remorse is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a car or house. It may stem from fear of making the wrong choice, guilt over extravagance, or a suspicion of having been overly influenced by the seller" - Wikipedia

Imagine the anxiety of watching your credit score unexpectedly plummet after spending your entire adult life maintaining good credit.

Now suppose this credit decline blocks you from getting a mortgage on the house you planned to buy.

That’s precisely what happens to many mortgage applicants all across the country with surprisingly high frequency.

All too often the culprit is unpaid phone bills. In some case's your cellphone provider will send an account's to a collection agency after being just more than a month late, especially on its cancellation fee. That causes your credit score to drop like a lead pickle, approximately 80 points (out of a theoretical 900) virtually overnight.

It never should have happened that way. Collections are meant

Things like traffic, work and dirty dishes can seem to go on forever; your mortgage doesn’t have to.

Even if you have signed on for a long mortgage, with payments scheduled to continue until you’re old, there are ways to speed everything up, experts say.

It’s a matter of knowing your options and paying attention to detail.

“Obviously there’s budgeting, where you cut back on some of your spending,” says April Dunn, a mortgage broker at Red Door Mortgage Group in Kelowna, B.C.

“But that only works if you actually take the funds to pay down the mortgage.” If you can’t bear to give up that triple skinny latte with an extra shot and some foam, “there are other things you can do.”

Some of these may seem simple but knowing more lets you make the