Making Good Real Estate Decisions

We found a great article online authored by Scott McGillivary of HGTV entitled “How to Make a Smart Real Estate Purchase” and thought it would be a great article to share with our readers, as it outlines his “top five tips for making a smart real estate purchase so you don’t get burned!”  A brief overview of these five tips are given below:

1.       Stay on Budget – it is important to have a plan and be realistic about what you can afford to pay for your new home – it is wise to not just think about what you can afford to pay for a mortgage, but also to think about your lifestyle and how much you spend monthly on things you enjoy doing.

2.       It is Okay to Walk Away – Always have a home inspection done and if you can’t afford the house and/or can’t afford to fix it – find another house.

3.       Consider Every House – if you see a house online and it is in the neighbourhood you want and is in your price range, arrange to see it – you never know how the house truly looks until you see it for yourself.

4.       Consider Your Purchase of a Home Over the Long-Haul – a mortgage can lock you in for a certain time period – if you think that you may not want to be in a certain home for the next five years, you may want to consider looking at alternatives.

5.       Get The Opinions of People You Trust – purchasing a home can be a very emotional process – advice from those you trust can keep you on the right track.

We hope these few tips help make your home purchase more rewarding – to read Scott McGillivray’s full article online please click here.

If you or someone you care about is thinking of making a move or if you just want some general information about the Real Estate market in your area, please don’t hesitate to give us a call, we would love to talk to you!
Until next time,

The Jamie Dann Team

10 Simple Steps for Buying Your First Home!

Thinking about buying your first home can seem quite overwhelming and stress provoking, but with a little bit of preparation it can become a reality!

Here are 10 helpful hints to prepare for buying your first home:

Step 1 – Build a Budget

Step 2 – Investigate Mortgage Options

Step 3 – Choose a Realtor

Step 4 – Choose a Lawyer

Step 5 – Look at Homes

Step 6 – Submit an offer

Step 7 – Choose a Home Inspector

Step 8 – Finalize the Deal

Step 9 – Prepare to Move

Step 10 – Closing Day!

For more details about each step, for more information and for great tips about the home buying process, Genworth Financial Canada has published a great article that is well worth the read  if you are considering purchasing a new home –  to view the article click here.

I hope this information helps you in your home buying adventure! Please don’t hesitate to call The Jamie Dann Team at 1-877-252-5242 if we can help explain the home buying process to you or if you have any Real Estate questions – We are here to help!

Until next time,

The Jamie Dann Team