Reasons A Mortgage Is Denied After Pre-Approval

One of the most important steps to successfully purchase a home is to get pre-approved for a mortgage before shopping for homes.  The primary reason to get pre-approved for a mortgage before shopping for homes is to ensure you’re looking at homes that are within the price range that you can afford.

Even though a buyer will get pre-approved for a mortgage before shopping for homes doesn’t mean there is a guarantee they will successfully obtain the financing.  Certainly the hope is the if a lender pre-approves a buyer that the buyer will successfully obtain the financing, however, it’s possible a mortgage can get denied even after pre-approval.

A mortgage that gets denied is one of the most common

A FSBO, also known as a for sale by owner, can easily be described as a homeowner selling their property without the representation of a real estate agent or broker. 

There are many reasons why homeowners attempt to sell their home on their own.  A few of the most popular reasons for FSBOs are they want to save the money that would be spent on real estate commissions or that they feel they don’t need a real estate professional to sell their home.  No matter the reason, according to the National Association of Realtors, less than 10% of FSBOs actually sell.

There are many reasons why FSBOs fail and do not sell.  Whether it is because the FSBO doesn’t understand how to price their home or whether it’s because they don’t know how to screen potential

Ignore some of these signs and you may end up with major issues.

We tell you which are normal and which are cause for concern

Your home is trying to tell you all sorts of things. The way it sounds; the way it smells. And there are plenty of visual cues to tip you off that something isn’t right. “Everything is moving all the time, expanding and contracting at different rates, reacting to heat, rain and wind. A house is moving and breathing,” says Tapley Dawson, a partner at The Home Doctors in Novato, California. In other words, a house is something you've got to take care of.

Dawson recommends that you do a good walk around the house every fall before the rainy season begins, checking for cracks, clogged gutters or anything that just doesn't look

How much money should I offer for a Kamloops home

Great question! And, a very common question.

You find a home to buy and you wonder, should I offer the full list price, should I come in low or just what should I do?!

Today I’m going to tell you how to crack the code on knowing just how much money you’ll offer the Seller for the home they’re selling. We’ll be analyzing the local Real Estate market where the home resides, how close to perfection is the home you want to buy, what type of Buyer representation do you have and is time on your side, to name a few. Once you understand and recognize these circumstances you’ll be well equipped to be on your way to buying a home in Kamloops or neighboring communities, for that matter! This will affect all

The internet has changed the way we buy and sell our homes.  

If you're ready to sell your home, here are some things you should understand about today's buyers.

Today's Home Buyers are Informed 

The internet has made it easy to access information about the real estate market.  Home Buyers can and will find out what you paid for your home and when you bought it.  They will know what similar homes have sold for.  With so much information at their fingertips, they will avoid your home if you over-price it.     

Don't Rely on Computer Generated Home Values When Pricing Your Home

Buyers are likely to check the online estimates of your home's value.  Unfortunately, the information they are viewing isn't always accurate, the market changes

It’s not just Vancouver residents who are angry and frustrated about increasingly out-of-control housing costs, says an NDP MLA leading the charge on the issue.

The much bigger scope of the problem will be obvious, David Eby says, when people come out to B.C. housing forums he’s organizing for Victoria, Maple Ridge, Surrey and elsewhere that are similar to the one held in Vancouver this week.

“This is a regionwide affordability crisis we’re facing,” said Mr. Eby, whose event for his Vancouver-Point Grey riding Wednesday drew about 600 residents concerned about everything from the lack of rentals to money laundering that is allowing foreign speculators to drive up local housing costs.

“It’s the number one issue in Metro,” he said.

NDP Leader

Selling your home is not only a big decision financially, but also emotionally.

Your home is no longer the bricks, drywall, and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories inside the house you now call a home. Whether you have simply grown out of the house, are choosing to downsize, or you’re looking for a new location, there are many factors that may influence your decision to sell your house. Currently (1st half 2016) we are in a sellers market, inventory of homes is low and interest rates are as low!

Check your Finances: Do some research to determine the payoff amount of your loan so you can determine what your sales proceeds will be after you have paid off your

The rental market is booming.

Renters are turning to extended leases as a cost-effective alternative to save for their future home purchases. Plus, with the current crazy increases in property values in Vancouver and Toronto that are creating more and more renters on the market. The high demand for rentals yields increased profits for rental property owners who can charge higher rents. As always a local real estate agent will help you with your decisions and make the search for the right property easier.

Considering entering the property management industry? Use these 10 tips to get started.

Invest Long-Term

View purchasing a rental property as a long-term investment. A short stint in the property management industry is not likely to generate

What is the Purpose of Selling A House As Is

A lot of people are not familiar with selling a house as is. They don’t know what the term means. They don’t know the process behind it. They don’t understand the purpose of it.

Selling a house as is can turn out to be a problem solver. Let’s first define what it means and then discuss a couple of reasons as to why people sell their house as is.

Homeowners usually resort to selling a house as is when they don’t want to deal with the hassles and cost of fixing up a house. Essentially, this lets all buyers know that you are not willing to fix anything or lower the price for repairs.

You might have been given an old house from a relative in their will and don’t want the added stress of taking care of

Once you decide that you’re ready for home ownership, develop a home buying checklist.

The list should be wants and needs to help your realtor find your dream home. Buying a house brings up many questions and ideas of what’s important.

Which Neighborhood?

Choosing a home isn’t just about selecting or building your dream house, it’s also about finding the right neighborhood for you.

Things to consider when choosing your neighborhood:

• Do you want to be in a family neighborhood?
• Do you want to be near a playground?
• Do you want to be close to your child’s school?
• Do you want to bike along the lake?
• Do you want to be close to public transportation?
• Do you want entertainment within reach?
• Do you have easy access to loved