One of the first questions I get from almost every buyer is some version of "what can we actually afford?" It sounds simple but the answer is almost always more complicated than people expect — and more encouraging too. Here's an honest breakdown of how to figure out your budget before you start falling in love with houses. Start with your gross household income As a general rule, most lenders...
Did you know December can be one of the best times to buy a home? While it’s not as busy as spring or summer, the holiday season offers some unique perks for buyers. Here’s why buying a home in December is a smart choice and some tips to help you along the way. Why Buy a Home in December? Sellers Are MotivatedPeople selling in December often need to move quickly. They might be relocating for...
When it comes to selling your home. One of the most important decisions you will make is the list price. The list price is the amount of money that you initially ask for your home. It plays a critical role in determining how quickly your home will sell and how much money you will ultimately make. Setting the right list price requires careful consideration of a variety of factors. Including the local...
https://jennydomingosrealestate.com/wp-content/uploads/2022/11/staging-video.mp4 Today most buyers start their home search on line, and we all know that first impressions are lasting impressions. Staging your property will ensure the home is showcased at it’s very best without personal preference and in a style that suits the house and the potential buyer. Stagers carry their own supply of...
THE PROVINCIAL GOVERNMENT HAS MOVED RECENTLY to introduce new legislation aimed at alleviating housing shortages in Ontario and stabilizing the cost of entry to our housing market. Bill 109, or the “More Homes for Everyone Act, 2022”, aims to ease financial pressures on homebuyers by acting to restrict the activities of real estate speculators, curbing predatory development practices, and working with...
Tips Before you List! Half-empty closets - Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy. Maximize the light in your home. After location, good light is the one thing that every buyer cites that...
Lee Quaile Broker of Record - Five weeks of promises and pledges are now behind us – with Canadians having just elected our 44th session of Parliament, we are once again left with a minority government in charge of determining the country’s direction for the next few years. The Liberals managed to eek out the largest proportionate number of seats once more, with the Conservatives firmly...
Here’s a look at the update from TD: “The Office of the Superintendent of Financial Institutions (OSFI) recently proposed a change to uninsured qualifying rate rules. Upon confirmation, effective June 1, 2021, OSFI will require uninsured mortgages, including TD Home Equity FlexLine borrowers, to qualify at the greater of: the OSFI-defined five-year minimum qualifying rate...
Keeping within the borders of Waterloo Region for this week’s community profile, we’ll be looking at Elmira, Ontario. Set only 20 minutes north of Uptown Waterloo (and an even shorter drive from the attractions of St. Jacob’s and the amenities of King and Northfield in Waterloo) is this cozy community of a little more than 12,000 people. Key to Elmira’s charm is its ideal balance...
CANADIAN REGULATORS MOVE TO STRENGTHEN MORTGAGE STRESS-TEST Inflation and real estate aren’t two things we often see mentioned in the same sentence. Our notice of the effects of inflation is usually limited to everyday purchases – food, clothing, gas or other household items. After all, it makes sense you’d take note when your weekend grocery run ends up costing you significantly more over time,...
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