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Unique Wildlife That You Can Only Find In Canada
Posted on Thu, 30 Nov 2017, 03:40:00 PM  in Home buying tips
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Moving to Canada for the first time can be an incredibly exciting time in your life. The first few years of living in your new home is the optimal time to get out and go exploring. You can even break open your sense of adventure if you have lived in Canada but have recently purchased a new home.

Canada is an incredibly rich and resourceful place to live. There are many different types of environments ranging from bustling cities and buzzing beaches to serene lakes and calming forests. The diversity in people that you find in Canada is incredible. The diversity of wildlife living in Canada is equally as incredible. Once you have settled into your new home, get out and go find the animals listed below hiding in their Canadian homes.

Here are just a few animals that call Canada home:

 

Unique Wildlife That You Can Only Find In CanadaShort-tailed Swallowtail

The Short-tailed Swallowtail is an exceptionally beautiful black-brown butterfly with broken bands of yellow-orange and blue on its wings. It is found along the Atlantic Coast where the plants the support their survival thrive.

 

Vancouver Island Marmot

The Vancouver Island Marmot is found exclusively on the high mountains of Vancouver Island, British Columbia. It is the only known marmot to live in this location and can be spotted because of its rich chocolate brown fur and contrasting white patches.

 

Vancouver Lamprey

The Vancouver Lamprey is another species found on Vancouver Island, British Columbia. It is an eel-like parasitic fish with circular rings of teeth inside of its mouth. It has a blue-black or dark brown topside and light underside and is currently listed as a threatened species in Canada under SARA.

 

Gaspe Shrew

The Gaspe Shrew is a short, light-grey, slender shrew and is native to Quebec, New Brunswick, and Nova Scotia. It prefers to roam in areas with rock outcrops and highlands with steep slopes.

 

Richardson's Collared Lemming

The Richardson’s Collared Lemming has chunky, grizzly brown fur during the warmer months, and pure white fur to blend into Canada’s snowy winters. It has stunted features and can typically be found in the northeastern region of Canada.

 

Newfoundland Eelpout

The Newfoundland Eelpout is truly a scientific rarity. There are few, if any, pictures available but scientists describe its appearance as small, long, slender, and nearly dragon-like in appearance. It can be found along the Atlantic Coast in Canada.

 

Banff Springs Snail

The Banff Springs Snail is another scientific rarity. It can be found in just five of Banff’s nine hot springs- environments that are exceptionally low in oxygen and nearly inhospitable to other species. It is very small and its shell is coiled left-handed.

 

Copper Redhorse

Unlike its name suggests, the Copper Redhorse is an extremely rare species of fish. It is found only in the lowland rivers of southern Quebec and can be recognized by its blunt shape and coppery-tan scales.

 

Peary Caribou

The Peary Caribou is a small reindeer with dark grey fur during the warm months and white fur during the winter months. Its range spans all of Canada’s northern regions and occasionally across the border into the United States.

 

The animals listed above are by no means the only animals that you will encounter while living in Canada. These animals are simply animals that are found nowhere else on Earth. Remember to be safe on your adventures and to keep an eye out for these rare beauties.


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REALTORŪ Advice for Those Looking to Buy, Sell or Even Become a REALTORŪ Themselves
Posted on Sun, 15 Oct 2017, 02:55:00 PM  in Home buying tips,  Home selling tips
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Real Estate Advice

Many top REALTORSŪ have been in the real estate business for longer than they themselves can remember, and that is perhaps an understatement. They were born for real estate, embracing their life's work with a sense of profound urgency and healthy pride altogether. They both are local professionals who have personally not decided to take their playing field to the big leagues, so to speak, they still love to serve the smaller communities and to work "behind the scenes".

REALTORŪ Advice for Those Looking to Buy, Sell or Even Become a REALTORŪ ThemselvesWith all their knowledge and insight gained in many decades of service to their country's many house markets and their respective communities, these leaders certainly deliver results on all levels, a true example for aspiring REALTORSŪ to follow. They sell houses because they love to sell houses and help others find a permanent place to live - and not because they want to become rich, though they probably could, if they invested. This is, however, not every real estate professionals' calling.

John Mort and Stanley Gromer are but two wonderful examples for any new or seasoned Canadian market expert to learn from as both men have dedicated their lives - and their very mission statements - to serving people first, regardless of the outcome. John and Stanley are, however, only two men of many that exist in this beautiful field of work. They serve as a shining light, yet there are countless others: bold men and women who arise from bed every morning with one thought on their minds - to study the current local market and its housing trends. This is what the heart and soul of real estate truly consists of.

Advice for Moving Into That First Apartment - Scary Thought?

According to John and Stanley, it all begins with who you know and how much you are willing to learn, for these two principles alone are everything that a thriving professional needs from which to build a foundation upon. These two key ingredients are, in fact, questions that any professional - regardless of career, background or current socio-economic status - should ask himself daily. One's impact on the world after all, is what's at stake, and it all begins in one's own mind. Ask the right questions to attain the right answers: It could not be simpler.

First, review the properties you are considering moving into and how much money you will need to set aside for application fees and security deposits alone; these usually range from property to property as there is never a set range you can expect to pay. Even these fees, along with administration costs and monthly supplementals, can go a long way when unchecked; be the wiser player in any transaction, and always do your research first. Your spouse and children may thank you for it in the future. Also, read the fine print through to the end, or have someone you trust do it for you. Never assume anything, for we know where that leads.

Finding REALTORSŪ - Canadian Real Estate Services

If you'd like, most licensed REALTORSŪ in Canada can get to work on selling your home and "checklisting" any other things requested by the housing authorities, making use of that 50 hrs./a wk. limit. Every week, they'll do their best to make transactions count and even research/write of contracts/updates. You should be a great client, as well, and very understanding/communicable! After all, when both you and your respective REALTORSŪ - not to mention the agency that employs them - are easy to work with, transactions succeed.


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Tips to Use When Searching for Family-Friendly Homes
Posted on Fri, 15 Sep 2017, 12:20:00 PM  in Home buying tips
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The time has come to find a new home where you and your family will be happy and thriving. Seems easy, but it can be a challenging process. You have to decide what is a necessity, and what you could live without. Long gone are the days when you and your spouse could move into a fast-paced area with great shopping malls. While most attractions still matter, your main focus should be great school districts, access to emergency services, and kid-friendly neighborhoods. Here are some tips to use when you begin searching for a new home that you and your entire family can enjoy.

 

Get the Kids Involved

This is an important tip to consider when searching for a new home. You want to receive your children’s input because this will be their home as well. However, youfamily home do not want to take your children to countless open-houses. Limit the amount of homes that children walk through. If you take them to more than three or four open-houses, the children will lose interest and you will not receive an accurate point-of-view. You want the kids to remain focused and to give honest feedback. Go visit as many homes as you would like with your spouse, and then narrow it down to four or less before you begin taking the children to look the properties over.

 

Space Matters

On those weekends when the entire family is in the home, you want spacious living rooms and a media room where you can have family games and trivia, movie night, and more. However, you will also want extra space for the times when everyone wants to be alone. Family-friendly homes have spacious rooms where your children rest, do homework, or just relax without feeling overcrowded.

 

The bathrooms in the home are another feature to consider. It would be ideal for everyone to have their own bathroom. This will make school and work days less hectic.

 

School Districts and Emergency Services

Buyers with children should have these two things at the top of their list when searching for a new home. You want to make sure your children have access to the best schools. Do some research on the local schools and the type of community involvement those educational institutions have. This is very important. Go and visit some of the schools with your children, so they can get a feel of the atmosphere.

 

Be sure to choose a property that is near a hospital, police department, and other emergency services. You never know when an emergency will occur, but you should always be prepared when it happens. You do not want to drive long distances, or wait for long periods of time on an ambulance, when your child has been hurt. The safety of your children should always come first.

 

Features that Kids Love

Now that you have chosen the attractions and services that are necessary for most families, you want to take a look at those features that children prefer. While the location does not need to have all of your children’s top choices, you want to choose an area that offers them some fun features and attractions. For instance, playgrounds, toy stores, and movie theaters are features that typically draw the interests of children. Therefore, you will need to find a home that is within a good distance of those places. Keep in mind that while this is your home and you will be making the mortgage payments and major decisions, this is also your children’s home and their choices should matter.

The search for a family-friendly home does not need to be overwhelming. Reach out to an experienced real estate agent who can make the process as simple and stress-free as possible. She will have more useful tips that make the process fun, and tips that help your family make a great buying decision!


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Purchasing a New Home
Posted on Wed, 30 Aug 2017, 09:15:00 AM  in Home buying tips
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Canada is a country representing a wide variety of properties for sale. Home buyers may choose from a remote cabin in what closely resembles a wilderness area, or they may prefer a condo or townhouse located in the downtown area of a modern city. Their lifestyle and position in life will likely be the deciding factor when Canadians decide to purchase a home.

 

Retirees may search for a home where they are able to appreciate the beauty of nature if they aspire to an active and healthy lifestyle. Seniors who do not enjoy great health may prefer to live near a hospital or medical facility in case they experience a catastrophic health event. Younger people who have children also prefer to live further away from the city, but usually choose to be close enough that their commute to work is not too long. Residential communities located on the outskirts of larger metropolis areas are popular neighborhoods with children of school age. Singles and young couples in the millennial age group typically prefer to rent near thenew home city center, and many prefer to purchase a condo as an investment.

 

Canada's economy is relatively stable, and Toronto is one of the fastest growing cities in the country. The diverse metropolis is the capital of Ontario and is located on the shore of Lake Ontario. Toronto offers many employment and educational opportunities as well as a wide variety of outdoor activities. The number of new constructions and home improvement projects is a testament to Toronto's healthy economy. The Greater Toronto Area is a popular residential location due to the availability of transportation into the city center where most people are employed.

 

People who live in Canada are well aware of the frigid winter temperatures, but they have obviously come to appreciate the advantages of living there so much that the weather is tolerable. The far northern areas of the country are less occupied which is likely due to the much colder winters there. The most populated regions of Canada are situated in the southern half of the country.

 

When it comes to the Canadian climate, Victoria, British Columbia is the warmest. The city is located on Vancouver Island about 100 km south of the city of Vancouver. Victoria is British Columbia's capital city, and boasts amazing mountain and ocean views in nearly every direction. The peaceful atmosphere of the city is popular with retirees, although families and students are drawn to the wide range of outdoor activities that include biking, water sports, golf and zip lining.

 

Anyone planning to purchase a new home in Canada will be wise to contact a reputable REALTORŪ in their desired location. A real estate agent will be able to search for the type of property that meets their needs and wishes. While it may be quite possible to successfully purchase a private listing, a professional will guide them through the process with less risk of purchasing a home with problems. In addition, a REALTORŪ has access to homes that are just coming on the market or homes that are foreclosed and bank owned.


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New Canadian Home, New Canadian Lifestyle
Posted on Sat, 15 Jul 2017, 08:55:00 AM  in Home buying tips
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Do you already live in Canada but are moving to a new location? Are you from a different country and are looking to move to Canada for the first time in your life? Maybe you have children, medical needs, or work-related demands that can best be filled only by moving into your next Canadian home. In any event, moving into a new home is the perfect opportunity to start fresh and live a lifestyle that is be different than the one you are currently living. Consider the following advice if you are interested in creating a new lifestyle for yourself.

 

Location Mattersnew lifestyle

Canada is one of the largest countries on the planet. There are plenty of opportunities to live in the type of location that makes you happy. Different locations have different climates, different language preferences, and different types of jobs. Make sure that you are moving to the area of Canada that best meets you and your family’s needs.

 

Size Isn’t Everything

Not all homes that are large are expensive. Not all homes that are small fit into everyone’s budget. You do not need to have a 10 bedroom home to live the life of luxury that you desire. Your home should fit your needs and make you happy before it makes anybody else happy.

 

Proximity to Civilization Varies For Everyone

Living in the remote forest is not for everyone, but living in the city is not always the perfect location either. Thankfully, when you purchase your new home in Canada you’ll have plenty of options ranging from “far away from any signs of civilization” to “right in the middle of a city that never sleeps”. You must recognize that you do not have to have the same preferences as your parents, grandparents, or friends in order to be happy.

 

Change Is a Family Effort

Change can be hard, buying and selling homes can be hard, and meeting with professionals like sales representatives and inspectors can be hard. You cannot expect that you can change your entire lifestyle upon moving if you do not have the support of your family. Maybe this means living more simply in the forest or the mountains. Maybe this means giving up a little more family time so that you can go to work to make a bigger paycheck. Change has to be a family effort in order for it to work.

 

Be True To Who You Are No Matter What

It is hard to be a free-thinking, creative, and carefree type of person if you have always had demands placed on you to fit within the constraints that society has outlined. If you have worked an office position for the past few decades but would rather make a living opening up your own art studio, then open up the art studio and abandon the suit. If you want a small home with the bare essentials necessary for living, then do not let yourself buy the types of items that build up into clutter. This new home is your opportunity to embrace the true you.

 

Take Home Advice

Congratulations on making the decision to move into your new Canadian home and again for choosing to embrace the lifestyle that you have always wanted to live. Even if the advice above differs from your own personal ideals, you are sure to have started the brainstorming process necessary to find the lifestyle that does fit your own unique personal situation, lifestyle, and preferences.


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Form These 4 Lists Before You Even Consider Looking For Your Next Home
Posted on Fri, 30 Jun 2017, 10:00:00 AM  in Home buying tips
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It can sometimes be difficult to gather and organize your thoughts when you are looking to buy a beautiful new Canadian home. If you are in this position, then you may wish to consider forming the 4 lists below to organize your thoughts and your needs. Remember, every list is negotiable and may not include every component of every house that you are about to view on your search.

 

Your New Canadian Home Needs...

The items on this list are non-negotiable. These are the items and components of a home that you need to have or desire so strongly that you are not willing to even consider homes that do not have them. You may have items like 3 or more bedrooms on this list if you have two children of opposite genders, for example. You may need a home in a specific town or province in which you would like to place on this list as well. You can get as detailed or vague as you need to be to meet your needs.

 

Your New Canadian Home Cannot Have...Form These 4 Lists Before You Even Consider Looking For Your Next Home

Like the list above, the items on this list are also non-negotiable. You will not even consider looking at homes that have these items or components. You may wish to put such things as mold, damaged roof, or long commute on this list. If you tend to think more negatively, you may even put such things as “fewer than 3 bedrooms, less than 2 bathrooms, or unfinished basement”. You can also take this opportunity to list items like stairs if you have a member of your family that is handicapped and cannot handle stairs in the home. Whatever the case may be, you are not willing to live with the items on this list and they are considered to be non-negotiable.

 

I Do Not Care Whether Or Not The House Has...

This list is where you can put everything you do not know how to organize into the two above categories. You may want 4 bedrooms but only need 3, so you can list that here and let your sales representative know that you are flexible in this area. You may wish to put the size of the yard, the material used in the driveway, and the landscaping ideas you have under this category as well.

 

I Can Afford To Fix This...

If you are looking for a fixer upper or a home that needs a little bit of tender loving care, then you may find this list extremely helpful. You could even use this list if you can think of things that you can fix up when you buy the home if you can get a decent price on it when you close. You may include such things as a driveway that really needs to be repaved, roofing that needs to be replaced, or appliances that are outdated throughout the house.

 

If you are a serious fixer upper type of buyer, then you may have many more items to list in this category than the average person. You can include things like flooring, insulation, complete bathroom and kitchen remodels, and poor landscaping in the frontyard or backyard.

 

Take Home Advice

The lists above is just meant for you to use as an example. You should feel like you can add, subtract, and modify any of the examples that were listed for you to use as reference. Remember, these lists are for you and your sales representative to use towards buying your next Canadian home.


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Choosing The Right Colors For Each Room In Your New Home
Posted on Mon, 15 May 2017, 12:35:00 PM  in Home buying tips,  Home selling tips
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Choosing The Right Colors For Each Room In Your New Home

If you have just purchased a New Canadian home and would like to get started on painting but are stumped at where to start, you may find comfort in the list of colors and their common places listed below. You may use this guide as a reference or create your own style as you see fit.

Below you will find a list of colors that are commonly used in rooms throughout a Canadian home. While some colors may seem more practical for one room than another, it is important to remember that once you sign that final contract with your sales representative, then you are free to paint any room in your home in any color that you would like regardless of the suggestions listed below.

 

White

Choosing The Right Colors For Each Room In Your New HomeWhite is often a color that is used in areas of the home that get little light or need to appear brighter and cleaner. These rooms often include, but are not limited to: basements, bedrooms, bathrooms, and kitchens because of its ability to distinguish whether the walls are clean or not.

 

Cream, Beige, Tan, Brown

This group of colors can, and often are, very similar to each other and are consequently used for similar purposes. These colors compliment rooms that you would like to look cozy or welcoming. These rooms most often include: living rooms, hallways, kitchens, and bedrooms.

 

Orange

Orange can be a bold paint choice or it can be found in such a pale shade that it appears similar to the color group listed above. Because of its versatility, it can cover any of the rooms listed above.

 

Blue

Blue is a color that can be found in the majority of houses in Canada. It has a calming affect on people and is often used in spaces where people spend a lot of time. These spaces include, but are not limited to: bedrooms, bathrooms, and living rooms.

 

Green

Green, like blue, tends to make people calmer. There is an unspoken quiet, thoughtful, and tranquil space created inside of any room that is green. For this reason, green is most often seen in studies, bedrooms, kitchens, and common family areas.

 

Red

Red is always a bold choice no matter what shade you choose to paint your room in. Red should be reserved for areas that get a lot of light. It is a favorite among adolescent bedrooms, and occasionally in living rooms or home theaters.

 

Purple

Purple is always a beautiful color to accent a room in. It can have all of the calming and tranquil properties of blue and green, with all of the personality and brightness of Spring. While most commonly seen in girl’s bedrooms and master bedrooms, pale shades of purple may even be found in kitchens, bathrooms, and living rooms.

 

Black Chalkboard Paint

If you have a toddler or adolescent with a creative mind, you may consider painting a wall of their room black with chalkboard paint. This will allow them to release all of their creative energy into a piece of artwork that they will not get in trouble for creating.

 

Advice To Keep In Mind

Just because the colors are listed above does not mean that you have to follow them. You are completely free to choose whatever color scheme you would like in any room of the house you choose to put it in. The above information is simply listed as it is seen in many Canadian homes.


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Buying a Home: Tips for Surviving a Bidding War
Posted on Wed, 15 Mar 2017, 03:35:00 PM  in Home buying tips
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Buying a home can feel like a roller coaster ride filled with emotional highs and lows. One of the lows that buyers dread the most is finally finding the perfect dream home only to get caught up in a nasty bidding war. Your heart tells you to do everything you can to get the house while your head tells you that you need to stay within budget. The following tips will help you put your best foot forward and improve your chances of getting your offer accepted.

 Buying a Home: Tips for Surviving a Bidding War

Have Financing in Place:

You may be up against all-cash offers, so ensuring that you have a lender's preapproval in hand will strengthen your position by allowing you to remove the financing contingency from your offer.

 

Make a Competitive Offer:

You should avoid the temptation to make a lowball offer. You run the risk of insulting the sellers to the point that they refuse to even counteroffer. An experienced REALTORŪ can help you prepare a thoughtful offer based on market analysis, their experience with the local market, as well as information they can learn from the listing agent regarding the seller's motivations.

 

Adjust to the Seller's Schedule:

Closing dates are typically negotiated for a time that is convenient for both sides. Agreeing to close at the seller's convenience may give you a leg up over the competition. If the sellers need a little extra time to arrange their move, you can even agree to rent the property back to them after closing.

 

Remove Sales Contingencies:

Offers that are contingent upon inspections or you selling your current home can make a seller nervous. Removing these stipulations can improve your odds of acceptance when there is stiff competition; however, you should consider the consequences of removing the contingencies very carefully. For example, you want to ensure that you have enough funds in reserve to cover two mortgages for a while. You may also opt for an "information only" inspection so that you will at least have an idea if there are potential issues with the home and can plan accordingly.

 

Make it Personal:

Realtors often recommend that buyers in a bidding war submit a personal letter with their offer detailing why they fell in love with the house and what it will mean for their family to live there. This will help the seller connect with you on an emotional level and may help tip the scale in your favor.

 

Know When to Walk Away:

It is important to know your top price before submitting your offer. It is all too easy to overpay for a home when we let our emotions gain control. No matter how perfect a home may appear, it is not worth it if you end up struggling every month to meet your mortgage payment. If you are patient, you will find the right house at the right price.

Finally, you should trust your REALTORŪ. There is a good chance that they have been through more than one bidding war and can help you come up with best possible strategy to get your offer accepted.


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Tips For Choosing Rental Properties That Are Guaranteed To Provide Phenomenal Returns
Posted on Tue, 28 Feb 2017, 10:45:00 AM  in Home buying tips
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Purchasing rental property is a great way to establish long-term financial health. The right unit will serve as an ongoing, passive stream of income that can bolster or even replace earnings that are generated from your primary employment. This is an excellent investment strategy for retirees or for those who intend to leave the workforce within the next several years. It is also perfect for consumers who already own their own homes outright and are ready to expand their portfolios. In order to ensure optimal returns from this investment, however, there are a number of key features that you should look for.

 Tips For Choosing Rental Properties That Are Guaranteed To Provide Phenomenal Returns

  1. A Prime Location

No matter what your goals are when shopping for property, location means everything. This is always going to be the sole feature about your unit that you don't have the power to change. You can alter the flooring, add in new cabinetry and even redesign the look of the property exterior. Where your investment is located, however, is a static condition. You also have to account for the fact that location will play the greatest role in determining how much you're able to charge for rent. Even if a unit has cutting-edge amenities, it won't fetch a reasonable price if it's situated in a high-crime, low-interest and otherwise undesirable neighbourhood.

 

  1. Modern Amenities

Just like home buyers want the latest and most innovative amenities, property renters are starting to demand these things as well. Features like smart thermostats, triple and even quadruple-pane windows, and energy efficient heating and cooling systems can help renters save considerable sums of money on their monthly overhead bills. If any property you're targeting doesn't have these things, find out how much it will cost to add them in on your own.

 

  1. A Robust Rental Market

Certain neighbourhoods are filled with attractive and relatively affordable houses, and yet, the local rental markets are not ideal. This is often the result of limited, local options in employment, limited options for commuting, or average rental prices that are far above the regional norm. Find out how other rental property owners are faring within specific neighbourhoods and determine just what the average rental costs are. These should be sufficiently high for covering your own ownership expenses while allowing for some manner of profit.

 

  1. Quality Schools

If you intend to invest in a multi-unit development or a property type that is best-suited to small and growing families, make sure to target neighbourhoods that have top-rated schools. Many properties will have local school information posted right on their listings. You can compare this data with the details that are offered by major school review sites online.

 

  1. Low Crime Rates

Take a minute to read up on local crime statistics. Even some of the best locations are not immune to problems like burglary and vandalism. Not only will issues like these make your units less marketable, but they can also have a noticeable impact on property values over the years.

 

  1. Ease Of Transportation

When shopping for homes, apartments or condos to rent, most people are looking for options that will simplify their daily commutes. As such, some of the best properties will be located within close driving distance of major transportation routes. It is also important to consider the options in local, municipal transportation that exist as well. With more consumers looking to limit both their fuel costs and their carbon footprints, choosing properties near solid bus routes or train stations is a good idea.

 

  1. A Strong Job Market

A strong job market and a robust rental market usually go hand in hand. If there are plenty of options in nearby work, locals will be able to pay their rent. When shopping for an investment property, check around for new businesses, business expansion and low unemployment rates. It's also possible to find desirable rental properties just outside of bustling metropolitan areas, so long as the options for commuting are good.

When using investment property to generate passive income, it's vital to diligently research your options. Choosing a modern, updated home that located in a safe and top-rated community will invariably provide better returns than will choosing a property in a high-crime, low-interest district. Consulting with a reputable REALTORŪ before finalizing any purchase decisions is the best way to avoid investment mistakes that will diminish your profit potential.


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First-Time Homebuyer Mistakes to Avoid
Posted on Sun, 15 Jan 2017, 09:15:00 AM  in Home buying tips
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Probably you have been planning to acquire your dream house for long. You have scrimped and saved enough to cover the down payment, and you have even come across these lovely apartments for sale. It is your first time in the real estate market; so, you aren’t sure how to go about a successful purchase. If you don’t want to be caught up in a financial mess, here are the mistakes to avoid:First-Time Homebuyer Mistakes to Avoid

 

  1. Not Considering What You Can Afford

Consider what you afford so that you look at homes within your price range. Looking at homes outside your price range will make you lust for relatively expensive homes thus stretching your means financially. Experts suggest that you prepare a list of all your monthly expenditure including student loan payments, groceries, vehicle costs, credit card payments, health insurance and so on. Also, remember significant expenses that occur only once a year, such as annual vacations or insurance premiums. This will help you realize how much you can spend on your new home every month.

 

  1. Skipping Mortgage Qualification

What the bank is prepared to lend you and what you can afford may not match up, particularly if you have unstable income or poor credit. So, before placing an offer on a home, ensure you get pre-approved for a loan. This will help you save the seller, the seller’s agent and your agent’s time if you sign the contract and then realize later that your bank is willing to lend you a mortgage you find unacceptable.

 

  1. Neglecting To Inspect

Let’s face it—owning a home is a dream that many would wish to accomplish however tough it may be. Sometimes we come across an offer that we find hard to resist: a house that looks like it is in a perfect condition, and the price is affordable. You quickly rush to sign the papers ignoring the inspection while not knowing what is awaiting you— this is a money pit of expensive repairs.

 

  1. Not Getting Professional Help - Hire an Agent

Avoid walking into an open house alone. Always hire a real estate agent. A real estate professional will help you a great deal to avoid some of the simple mistakes you could otherwise make.

 

  1. Being Too Particular

It is good to put everything you wish for in your new home wish list. However, avoid being too inflexible because you may end up continuing to live in a rented home for a significantly longer period than you anticipated. Usually, first-time homebuyers have to compromise on some items because of limited funds. You may be forced to live on a busy street, make some repairs in the home, accept the outdated decor, or live without that extra bedroom. Though you can choose to continue living in rented space until you can afford everything on your wish list, you will have to make a decision whether it is important to become a homeowner now or a few years later.

 

  1. Lacking Vision

Even if you can’t afford major renovations in the home, it is worth to cope with the ugliness for a while and in turn get a house that you can afford without strain. If the home fits your needs regarding the unchangeable things such as the size and location, don’t allow the physical imperfections cloud your judgment and turn you away. Furthermore, upgrading the home by yourself is far much cheaper than paying the seller who has already upgraded it for you.

Buying your first home may seem stressful and devastating, and it isn’t without its fair share of potential pitfalls. Being fully informed of the issues ahead helps you protect yourself from these costly mistakes thereby giving you confidence while shopping.


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ZOI OUZAS Sales Representative
RE/MAX Garden City Realty Inc., Brokerage
64 Main Street West, Grimsby ON L3M 1R6
Office: (905)-945-0660 Office: (905)-563-8527
CONTACT ME

 

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