Setting Your List Price Requires Calculation and Savvy
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When you're having a garage sale, one of the toughest tasks is pricing your
items. If you put a price tag on your old golf clubs that’s too high, no one will
buy them. If you make the price too low, they might sell quickly, but you’ll
spend the rest of the day wondering if you could have gotten more!
It's similar to selling your home — except with your home, the stakes are
much higher. You want to price your property to sell, but you don’t want to
leave any money on the table.
How do you accomplish that?
Setting the right list price for your home requires a combination of skilled
calculation and industry savvy.
Let's start with the "calculation" part...
When you work with us, we'll review recently sold…
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Using Your RRSPs to Purchase Your Home
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When considering purchasing your home there’s one thing that the majority of people are concerned about, that is having enough for a down payment on a property. Have a 20% down payment of the purchase price on a home is most preferred. If you don’t have a 20% down payment, then a 5% down payment option is available. When you have less than a 20% down payment you are required to have mortgage insurance through CMHC to be able to qualify for your mortgage.
Nonetheless if it’s a 5% or 20% down payment, the government of Canada allows home buyers to use their RRSPs to purchase a home without a penalty for withdrawing the RRSPs. This home buyer option is called Home Buyer’s Plan or HBP.
But before you withdraw your RRSP, the following conditions must be…
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What you need to obtain a Mortgage
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A home purchase is one of the largest assets and the biggest debt that a person will have. If this is your first time obtaining mortgage, then there are a few things that you need to know about what is required to qualify.
1) Credit History: How is your current credit and how has it been in the past? Your financial institution will look at your rating, and that everything is in good standing. If you are able to manage your debt, then it reflects on your ability to manage house payments.
2) Debt Load: What are your liabilities? How much debt do you have? Your financial institution will look at the amount that you owe compared to the amount that you earn. Your debts should not exceed 40 to 42 % of your gross income, and your housing…
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How to make your kitchen appeal to buyers?
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The kitchen is the most important room in the house for buyers and it can make or break a sale. If you want a kitchen remodel that will help sell your home in the near or far future, you should choose things that will appeal to the largest audience of potential buyers. Here are more tips:
Appeal to the masses.
Kitchen renovations should appeal to the greatest number of people possible if you want to sell your home quicker and for a better price. Don’t think about what would suit your own specific taste, but what the largest number of potential buyers would prefer. Over personalizing the space can be a big mistake. Buyers don’t want to have to re-do a brand-new kitchen because it doesn’t match their style.
Find out what buyers want.
Your…
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Everything Home Buyers And Sellers Need To Know About Cannabis Legalization - CREB Now
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In a matter of days, cannabis will become legal across Canada. How will this new era affect the home buying and selling process? CREB®Now sat down with Ryan DeLuca, supervisor of training and compliance at CREB®, to discuss the information buyers and sellers need to avoid getting stuck in the weeds.
CREB®Now: How will cannabis legalization affect the homebuying process?
DeLuca: Legalization won’t change the process itself, but it will affect buyer expectations of what the seller must disclose.
Buyers should pay attention to disclosure and ask direct questions like “has cannabis been grown in the property?” They should also talk to their mortgage broker and insurer to find out if home growth will affect their mortgage application or their…
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