Tuesday, November 1, 2022 / by Evelyn Lopes- Klarine
Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled.1 Consequently, home sellers who enter the market today may need to reset their expectations.
The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers to bang down the door. If you want to net the most money possible for your property in today’s market, you’ll need an effective game plan and a skilled team of professionals to implement it.
Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well.
Here are some crucial steps you can take to set yourself up for success as a home seller in this market:
Make Strategic Repairs and Improvements
When you sell d ...
Wednesday, October 19, 2022 / by Evelyn Lopes- Klarine
Buying a home can be an overwhelming process.
There are so many questions to be answered and various processes to be completed.
When considering buying your first home, your next home, or an investment property you will need to answer several of these questions to better understand what you are looking for and what you fundamentally need.
Use the 4W’s – Why- Where- What and When, to help you to simplify the decision-making process when buying a home.
Let’s look at these 4 questions more closely. And as we go through them, take note and think about how you would answer. At the end of this video, I will also share with you how to get a copy of our Home Buying Cheat Sheet- 4 Tips to Navigating The Home Buying Process.
The 4 W’s
-Here are some questions to help you uncover your why
- Why are you are buying or moving?
- Are you financially ready to purchase a home?
- Are you looking for an investment and do you feel. ...
Monday, October 3, 2022 / by Evelyn Lopes- Klarine
Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.
A real estate boom during the pandemic pushed home prices to an all-time high.1 Add higher mortgage rates to the mix, and some would-be buyers are wondering if they should wait to see if prices or rates come down.
But is renting a better alternative? Rents have also soared along with inflation – and are likely to continue climbing due to a persistent housing shortage.2 And while homebuyers can lock in a set mortgage payment, renters are at the mercy of these rising costs for the foreseeable future.
So, what's the better choice for you? There’s a lot to consider when it comes to buying versus renting. Luckily, you don’t have to do it alone. Reach out to schedule a free ...
Tuesday, September 13, 2022 / by Evelyn Lopes- Klarine
If you or someone you know is thinking of buying a home, you may be wondering what you can afford. While affordability is important, the real question is: What’s your buying power? In todays video we will cover what makes up your buying power, how is it calculated, how does it affect your purchasing power and what 4 factors influence your overall buying power. As a bonus at the end of this video I will let you know how you can get our FREE REPORT - " What's Your Home Buying Power?"
Let's dive in.
Your buying power is more than how much of your income you have available to make a mortgage payment; it also comprises how much you’ve saved for a down payment, the proceeds from a home sale and the amount you’re qualified to borrow
Are you in the market for a new home or investment property? One of the first questions you’ll probably ask is, “What kind of house can I get and what can we afford?” Many buyers
become so caught up in how much they can affol ...
Thursday, September 1, 2022 / by Evelyn Lopes- Klarine
Interest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation. And the July MNP Consumer Debt Index found that 59% of Canadians “are already feeling the effects of interest rate increases.”1
Why has the impact been so widespread? In part, due to the rising popularity of variable rate mortgages. According to the Canada Mortgage and Housing Corporation, in the latter half of last year, the majority of mortgage borrowers opted for a variable over a fixed interest rate.2
Variable mortgages are typically pegged to the lender’s prime rate, which means they are immediately affected by rising interest rates. Homeowners with fixed mortgages aren’t impacted as quickly because their interest rate is locked in, but they will face higher rates, as well, when their mortgages are up for renewal. And many homebuyers are finding it increasingly difficult to afford or even qualify for a mortgage at today’s eleva; ...