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5 Mistakes to Avoid When Shopping
Posted on Tue, 15 Aug 2017, 09:30:00 AM  in Home buying tips
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Purchasing a home is unlike any other experience you'll ever have. This is an investment that can provide considerable returns throughout the years. Whether you're buying a primary residence, a vacation home, or a rental property, however, there are five, critical mistakes that you should be sure to avoid.


1. Not Considering "Walkability"

"Walkability" is a relatively new term in the real estate industry that refers to the accessibility of essential businesses and community features. When looking for a5 mistakes to avoid primary home or a rental property, make sure that building residents will be able to access things like dog parks, hiking trails, a few good shops, and a decent restaurant or two by walking. A high score in this area means that buyers will have a higher likelihood of connecting with their neighbours, fully exploring their neighbourhoods, and remaining in their homes for a significant amount of time.


2. Failing to Account For Potential Changes in Household Dynamics

Be mindful of the fact that your household dynamics could change over time. This is an especially important consideration to make if buying a primary residence that you hope to retain throughout the remainder of your lifetime. Not only do you have to account for the possibility of kids, but you also have to consider the likelihood of having aging parents move in. There are a number of ways in which family dynamics can change and the best homes are sufficiently flexible for accommodating all of these changes. These houses might have attached, in-law units, extra bathrooms, guest bedrooms, or other large-sized spaces that are suitable for conversion. Some properties simply have enough unused space on the overall lot for expanding the primary building.


3. Making an Offer before Consulting With an Agent

With greatly increased access to timely and accurate market information, more consumers are using the web to sidestep the need for real estate agents altogether. Sadly, however, they often do this to their detriment. Not only can an agent guide you through this transaction from end to end, but this professionals is also capable of providing the most current market info and pricing data. As such, when you get ready to enter into negotiations, an agent can make sure that you're not offering too much for a property, or potentially offending a seller by offering far too little.


4. Meeting with Sellers before Lining up Your Funding

In tight markets or markets with fewer properties for sale and lots of qualified prospects who are eager to buy, you definitely want to have your funding lined up before actually pursuing homes. In fact, no matter what the local market conditions may be, consulting with lenders and getting loan approvals should always be among the very first steps that you take. After all, you won't really be able to submit a firm offer on any property until you actually have the funds to back it.


5. Buying before you’re Actually Ready

Another important step to take during the formative stages of the purchasing process is to consult with a financial adviser. You want to make sure that you're actually ready for this commitment, particularly if you've never purchased or owned a home before. An adviser can help you calculate the total costs of ownership. He or she may additionally be able to recommend the best loan types for meeting your long-term financial goals. If this is a decision that you're really ready to make, your financial adviser can even tell you how much you money you should spend, which may be far different from the amount that you're qualified to borrow.

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Benefits of Lease to Own Homes
Posted on Fri, 15 Apr 2016, 09:00:00 AM  in Home buying tips,  Marketing strategies,  My services
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One of the hottest real estate trends sweeping the world today is something called lease to own packages. In the same way that rent to own stores let you make small payments to buy a product, lease to own homes let you make small payments to buy a home outright. The trend started during the worldwide recession as many buyers couldn't afford home loans, but the trend continued as buyers found it harder to qualify for home loans. Buying a home through a lease to own agreement has some big benefits that appeal to many buyers.


Smaller Down Payment

Saving money to make a down payment on a house may take you years or even more. Many lenders ask that you put down 10% or even 20% of the total purchase price as a down payment. You're also responsible for closing costs and other fees that add to the total amount you need to put down upfront. With a lease to own home, you generally make a smaller down payment. Some sellers require a down payment equivalent to three months of rent, which also covers your security deposit.


Fewer Monthly Payments

Banks offer mortgages that range in length from 10 years to 30 years. That leaves you making payments every month for 120 months or more. Sellers who uselease lease to own contracts often ask that you make payments for as little as six years. The amount you pay each month is equivalent to one month of rent, and the seller agrees to put that money into a special account. If you decide to buy the home once your lease expires, the seller will use that money and any additional money to pay off the house.


More Time to Save

With a traditional mortgage, you may find yourself scrimping and saving every month just to make your payment, which leaves you little savings for the future. A lease to own contract gives you more time to save. Once you reach the end of your lease, the seller gives you the option to buy the house outright or walk away from the sale. If you walk away from the sale, you can use your savings as a down payment on another property or rent another home. If you want to buy the house, you can use your savings to cover the final balloon payment and take over ownership of the home.


Freedom to Make Changes

When you rent a home, you must follow the rules in your rental agreement carefully. Most landlords forbid tenants from making any significant changes to the property. The landlord may not let you paint the walls inside, make repairs to the exterior or even plant new flowers outside. With most lease to own contracts, you have complete freedom to change the house because the seller expects you to finish buying the property later. You can replace bathroom fixtures, change the floors, paint the walls and even do landscaping outside.


No Bank Intervention

One of the biggest benefits of lease to own homes is that these properties do not go through the bank. Instead of applying for a home loan, you work directly with the seller to buy the house. Each payment that you make goes to the full purchase price of the home. You won't worry that the bank might foreclose if you miss a payment or that a late payment will affect your credit score. Buying a home on a lease to own or rent to own contract may appeal to you more and have more benefits than taking out a traditional mortgage does.

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The Benefits of Open Houses for Home Sellers and Buyers
Posted on Wed, 30 Mar 2016, 08:45:00 AM  in Home buying tips,  Home selling tips,  Marketing strategies,  My services
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The process of buying and selling a property can be very tedious and frustrating. One of the frustrations of sellers is too much waiting around and having to clean up continually and taking time off to wait for individual buyers who come to view the property. For buyers, the frustration comes with someone else seeing the property and making an offer before you do. Again, buyers and sellers depend on real estate agents to arrange for viewings, and this can be very time-consuming. An excellent way to combat these problems, whether you are a seller or a buyer, is to consider open house viewings. Open houses have many benefits that are worth considering, and here are some of them.

Benefits of Open Houses for Sellers

The following are the advantages of open houses for sellers.

1. Convenience
It is inconvenient for sellers to keep taking time off their busy schedule to accommodate one prospective buyer after another. If you have a desirable propertyopen and a good real estate agent, your property can generate a lot of interest and you can be overwhelmed with viewings. And if you have family commitments and a full-time job, it can be very inconvenient for you. But, with open house viewings, you can get most of your viewings at the same time.

2. Saving time
You don’t have to thorough-clean your property and brew fresh coffee to make your property smell nice, and keep answering monotonous questions from different viewers every other day. And here is where open houses can come in handy. You can clean your house and get all questions answered in a single sitting, and you can impress your potential buyers en-masse, and this can save you a lot of time and hassle.

3. Increase your chances of quick sales
Choosing an open house boosts your probability for a quick sale. The reason is, potential buyers can gauge the interest level in your property by the number of people that attend your open house, and if they are interested, they will most likely put a proposal quickly for fear of someone else ending up with the property.

4. More money
Depending on the attendance of your open house and the level of interest of the people attending, there can arise a bidding tug of war that will see you getting your asking price and even more than your original quotation.

Benefits of Open House Viewing for Buyers

As a buyer, you can also gain from an open house.

1. Ability to get more answers

It doesn't matter how prepared you think you are, when it comes to asking sellers and agents questions during the viewing, usually, there are a lot of things you forget to ask, and you only discern you forgot to ask some key questions afterwards. This too can be frustrating. However, with lots of people at the open house, they will ask questions and most likely you will get answers to questions that you forgot to ask, or even those that you never thought about asking.

2. Gauging the interest level

There will always be a seller who will smugly tell you of how a lot of people are interested in their property. While this may be true, usually, sellers will tell you this to rush you into making a decision. But, going to an open house will help you gauge for yourself what the interest level is, and you can make a wise decision regarding making an offer.

Open house events are the perfect moment where buyers and sellers can interact and make decisions regarding a particular property. These events give both sellers and buyers the convenience they desire in the property buying process.


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What to Consider before Buying a Condo
Posted on Tue, 15 Mar 2016, 08:40:00 AM  in Home buying tips,  Marketing strategies,  My services
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Investing in a home, especially a condo is a terrifying proposition for most people. It is virgin ground for most people. There are things you may not be aware of when venturing into the condo market. It is advisable for prospective buyers to look into details of by-laws, rules and condo declaration documents with their lawyers. As a buyer, you should not go into a sale blindly but follow the following suggestions closely.

What should you Look to do before buying a condo?

1. Down Payment
Are you able to put down a down payment? It is the initial question you need to ask before deciding on this venture. Note that, the larger the amount you put up as a down payment, the less interest you will pay on your mortgage.

2. Mortgage
Reflect on what type of mortgage suits you. Consult your banker on eventualities like rising rates. Know the total cost of the loan. Some mortgage providers require mortgage loan insurance. Factor it in your monthly budget. If you want to pay less, make more frequent payment. You will enjoy smaller rates and your repayment period will be less.

3. Ask for the Condo Budget
Most buyers never think about it. Demand for one since most associations you are buying the condo from usually give the budget to the sellers, not the buyers. cndoSeek to find out if the budget has increased over the years and for what reason. Has it appreciated due to inflation or a ballooning cost of utilities? Another thing you should know about the budget is the total outstanding debt owed to the association and the number of owners not attending to their obligations.

4. Condo Fees
Ensure you learn everything that is there to know about the expected monthly costs. Condo fees include monthly fees. You may encounter condos with high monthly fees which may turn you off, but on the other side of the coin, it may indicate a well-maintained condo. Condo fees cover things like costs of operating swimming pools, security officers, gardens, and the concierge. 

5. Reserve Fund
Major repairs to the roof, heating, exterior of the building, plumbing and electrical need a designated fund. Part of the condo fees ends up in the reserve fund to cater for such repairs and maintenance. You may want to buy a resale condo: it is imperative you find out if the contingency fund exists and if it is adequate. 

6. Property Tax
When looking to own a condominium, be aware that you will have to pay property tax. The municipality in which you acquire the condo will advise you on how much they expect when you are buying a new condo. For a resale condo, the real estate agent has the obligation of providing the information. Ask for copies of recent taxation documents.

7. Utilities
Things like gas, electricity and water are not part of the condo fees. You will have to pay for them yourself. Find out how you are going to pay, either from the real estate agent or the municipality where you are buying the condo. You may also find out how to pay for the utilities from the cooperation which sells you the condo.

Never make a commitment to buy a condo without being absolutely sure what it is you will encounter. Get the facts right with these suggestions and you will never have to complain.


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Things to Ask When Buying a Vacation Home
Posted on Mon, 29 Feb 2016, 10:30:00 AM  in Marketing strategies,  My services
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If you're like many, you might think that vacation homes are only for the very rich or the very famous. While dozens of celebrities own multiple homes in North America and around the world, the majority of those who own vacation properties are just like you. They want a place that offers an escape from their everyday lives and a place they can visit year after year with their friends and loved ones. No matter how much money you have in your budget, you can find a vacation home when you know what questions to ask upfront.

What Destination is Right for You?
The absolute first thing you should consider is which destination appeals most to you. It's important that you think about the foreseeable future and what the future holds for you years from now. While investing in a vacation home in a popular city that has bars and nightclubs within walking distance might be a great option for a younger couple just starting out, it might not be as great once you have children.vac

What Does a Timeshare Offer?
While looking at vacation homes, give some thought to choosing a timeshare as opposed to a standard home. A timeshare is a property that you can visit once a year or more often based on the package you buy. Timeshares typically have dozens of other people who also own a portion of that property, and those other owners will visit the home too. A timeshare company may give you the freedom to choose when you want to stay there and even swap your home for a stay in another property in a completely different destination.

How Much Space Do You Need?
You also need to consider the amount of space that you need. If it's just you and your partner, you might opt for a studio apartment. Once you have kids, you'll need a home that has at least one bedroom and a fold out couch in the living room. Those who love traveling with kids may prefer a property that has multiple bedrooms or a large shared space that features bunk beds. A cabin that has its own bunk bed room is also great for those who want to travel with their friends or a larger group.

What Attractions and Activities are Nearby?
When choosing a new vacation home, make sure you give some thought to the nearby attractions and activities. The more things there are to see and do, the less likely it is that you'll feel bored staying there. If you keep visiting the same museums, historic parks and other attractions year after year, you'll eventually reach the point where you no longer want to stay there. Depending on the age of your kids, you may look for properties that have a range of activities nearby. Teens might love skateboarding and hitting the beach, while younger kids might prefer playgrounds and petting zoos.

How Much Can You Afford to Spend?
While there are a number of factors that determine which vacation home is right for you, you need to consider how much you can afford to spend. If you buy a stand alone vacation home, you are responsible for the maintenance and upkeep on that home. Timeshares typically charge a set fee each year for maintenance costs. You should also look at how much your total mortgage costs will go up when you buy a home and take out a second mortgage. Be smart when shopping for a new vacation home before you make the decision to buy a new property.

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Four Questions to Ask a Potential Listing Agent
Posted on Tue, 16 Feb 2016, 10:10:00 AM  in Home buying tips,  Home selling tips,  My services
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Making the decision to sell your Canadian home is an exciting time as you choose how to move forward. While there are many steps to selling your property, choosing the right listing agent can make all the difference in how the process goes for you. Before you choose a listing agent, make sure that you are asking the right questions so that you are sure that you have found the right match. 

1. What is Your Marketing Plan? 
It is important to know what your agent will be doing for you to make sure your home is sold quickly. Any agent that is worth their salt will have a concrete marketing plan that fits your area and your needs. Make sure that the agent that you choose has a solid onine marketing plan as well as in an-person one, as agents who utilize both are more likely to sell your home for your asking price. 

Keep an eye out for listing agents who are vague about how they plan to market your home or who does not have one. Take the time to double-check their current listings for homes to check how they display your home, avoiding any who do a sloppy or poor job. Your listing is what will draw the right buyers to your home, so only choose a listing agent who is exemplary at their job. 

2. Are You Able To Provide References? 
Take the time to speak with any recent clients that your listing agents have worked with to see what their experience was. It is important to speak with peopelagent who listed a property in the current market, so don't settle for references from four or five years ago. People that have been helped by a listing agent in the last year will be the most helpful when it comes to learning about your agents abilities. 

It goes without saying that you should run in the other direction if an agent cannot provide any references. 

3. How Long Does it Take You To Sell a Property? 
This may seem to be a bit bold, but good listing agents will have answers for your boldest questions. Questioning a listing agents success rates is important as a high sell rate will increase your chances for a quick purchase. Ask them how many of their listings actually seell and then compare these numbers to other listing agents. 

This comparision will give you a clear guide about an agents skill. We recommend not workign with any agents who have less than a sixty percent success rate. 

4. How Many Listings Are You Currently Managing? 
You will need to fight the right balance between experience and listing overload in an agent. While an agent that is currently working with twenty to thirty other listings may have the experience to market your property effectively, will they have the time to meet your individual needs? Does an agent with a large workload have the time to take on your listing while making sure your marketing is unique and stands out? 

Choosing to list your property for sale is a time for a lot of change. It is the end of an era for your family and the start of a new beginning in another location. Making sure that you have chosen the right listing agent can make this experience flow easier so that is more enjoyable. Use these four tips to make sure that you have the perfect agent for all of your needs.


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Consider These Factors When Selling Your Home
Posted on Thu, 21 Jan 2016, 11:45:00 AM  in Home selling tips,  Marketing strategies,  My services
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Sometimes selling a home is easy and takes only a few days, while other times a home may sit on the market for months without selling. There are several things to consider before placing your home on the market. The price you set should create excitement without being too low. Your home must look fresh and clean if you want to impress potential buyers. You must also make the decision whether to list on your own or with a real estate agent. Read about the following tips that may help you with the selling process.

Price Your Home to Sell
Most sellers want to receive a fair market value on their home. If you price your home too low, you can miss thousands of dollars that a buyer would have paid. However, it is just as important not to price your home too high or it might not sell in a timely manner. You can study public records in your county to determine the selling price of homes in your neighborhood. List your home slightly higher than the amount you want to ensure you get the right price. 

Preparation Tips
First impressions really do matter. A new listing generates a lot of interest and activity. Make sure you capitalize on the first group of potential buyers while they are excited. Potential buyers consider four main factors when searching online listings. These include price, features, curb appeal and photographs. You will needfactor to take quality photos if you plan to sell your home on your home. A real estate agent knows how to take good photos that impress buyers if you choose this path. 

Paint gives a home a fresh, new look without having to spend a lot of money. If it has been over one year since your home was painted, then consider making this low-cost improvement to impress buyers. Get rid of clutter including extra furniture that makes rooms look smaller. Clean your home from top to bottom, or hire a cleaning service for professional results. 

Make all needed repairs before you list your home. Depersonalize your space to make it easier for buyers to see themselves living inside your home. Consider home improvements that may be cost-effective such as updating the bathroom and kitchen. Do not forget the curb appeal when making your home ready for sale. It does not cost a lot of money to add beautiful potted plants to your porch. Update your front door with a new one or give it a fresh coat of paint. Make sure the landscape looks manicured with trees and shrubs pruned and mow the grass. 

Owner or Agent?
There are advantages and disadvantages to selling your home on your own. Many homeowners assume they will make more money on the sale. However, if you consider the experience and professionalism of a real estate agent, then many times choosing an agent is the best decision. Most real estate agents know the neighborhood and have the connections to advertise and contact potential buyers. The advantage is the fact that you do not have to pay a commission, but your home may take longer to sell without an agent. 

Consider the fact that when you receive multiple offers on your home, an experienced agent can help you make a decision. An agent will help you fill out the right paperwork to accept an offer. Real estate agents go to school to learn about your state’s rules and regulations for buying and selling. Unless you have had lots of experience selling real estate, a professional real estate agent is worth the commission you pay.


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Five Things to Keep in Mind When Buying a House at Auction
Posted on Thu, 07 Jan 2016, 10:15:00 AM  in Home buying tips,  Marketing strategies,  My services
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Watching television and reading property flipper blogs might make you think that auctions are a great way to get bargain prices on new homes. These auctions typically feature homes that the bank foreclosed on after buyers stopped making payments. You might attend an auction and bid on just one home that is for sale that day, but you'll also find auctions that feature five or more properties for sale at the same time. There are some important things to keep in mind when buying in an auction setting. After looking at those things, you might decide to go through an agent instead.

See Before You Buy
The main problem that many have with property auctions is that they can't actually walk through each property first. When buying from an agent, you can actually get inside that home and see everything you need to see. During an auction setting, you may only know what the seller wants you to know. Instead of just looking at the photographs listed in the auction catalog, get the address for the house and take a drive by the property. You may even have the chance to auctionpeek through the windows to get an idea as to what the interior looks like.

As-Is Properties
Working with an agent lets you get a home inspection before you buy. You can even request that the seller make some repairs based on the inspection findings or reduce the price because of the repairs needed. Homes sold at auction do not come with any such guarantees. Banks and other sellers put those homes up for auction as-is, which means that you are responsible for any of the repairs that the property needs. You may not know exactly what it needs until you buy. 

Consider Repairs
If you do a drive by or peek through the windows, jot down a quick list of everything you see wrong with the home's interior and exterior. This gives you an idea of what the property might need. You can also read through the auction listing and examine the photographs to see if the home might need a new HVAC system, a new roof or some significant repairs inside. Take the time to estimate how much it will cost to make all those repairs before you start bidding.

Be Prepared to Buy
When you walk into a house auction, you might find yourself bidding against companies that have years of experience. Those companies have cash on hand to buy multiple houses. You must make sure that you read the auction rules carefully and understand what the auction house or bank expects of you. Some will require that you make a down payment, but others require that buyers pay for the total cost of the house or show that they have financing to pay for the property before they leave. You will generally need to make a partial or complete payment on the day of the auction.

Bid Smart
Bid smart is the best piece of advice for those who new to the world of property auctions. Use the research you did and your impressions of the house when deciding how much you want to spend. When bidding reaches that amount, don't hesitate to back down and walk away. The more you spend at the auction, the less money you have to make cosmetic changes and any necessary repairs the house needs. Buying at auction can get you a great price on a home, but you should be smart about how you research and bid.


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Get to Know the Neighbourhood Prior to Purchasing
Posted on Thu, 24 Dec 2015, 12:10:00 PM  in Home buying tips,  Marketing strategies,  My services
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Choosing a new neighbourhood to move to may be one of the most important decisions you will ever make in your life. There are many things to consider when choosing, which is why it is so important to get to know the neighbourhood before you actually purchase your new home. The last thing you want to do is move to a house that you fell in love with, only to find out that you are not happy with the neighbourhood. The following are some things that you should research about the area before you buy a house in it:

Frequency of Crime
The crime rate of the neighbourhood is often the first thing considered by homebuyers for good reason. You can research this online, but it is also important to visit the local police station and talk to them about what has been going on in the area you are considering. If you are considering a gated community, talk to those in the community to get a better idea of how safe the area is to live in. 

Traffic and Noise
If you want a quiet neighbourhood, one of the best things you can do is visit the neighbourhood for a whole day. Spend some time walking around. However, you do want to make certain that you hang out at different times of the day. Noise in the morning may be less than when the children get home from school andinvestigate people start to arrive home from work. This is the best way to evaluate whether the noise or traffic is going to be bothersome to you. 

If you have children, researching the local schools is a must to ensure they get a quality education. However, if you do not have children, you still want to research this area. You may have children in the future, but also, the quality of schools will reflect in the property taxes. If you do not have children and want to keep your taxes low, moving into a neighbourhood with several quality schools may not be your best option. 

Public Services
Many people often move to a specific neighbourhood because of the public services that are available. If having certain amenities, such as a large, public library, a fire station that is nearby, and a clean neighbourhood is important to you, you definitely want to check into the financial status of the area and what services are provided to community members. 

When searching for a home, one of the things you will find out is that your real estate agent cannot discuss the neighbours with you. It would benefit you greatly when visiting the area to stop in to some of the neighbours and introduce yourself as someone who is considering a move to the area. You may be surprised, but the information you receive from people who live there is probably going to be the most important information you actually hear, and it could possibly be the determining factor on which neighbourhood you actually choose for you and your family. 

Before you even start to look at homes, you should research a few different neighbourhoods to see which one is more fitting for you and your family. This will allow you to narrow down your home search based on the area itself. As this could possibly be the home you live in for the rest of your life, you want to make certain that the home is located in an area that you would feel comfortable living in. It may take some time, but the end result will be worth it. 


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3 Reasons Why Your Closing Will Vary Depending on the Type of Home You Buy
Posted on Fri, 11 Dec 2015, 10:45:00 AM  in Home buying tips,  My services

So you're buying a house and you're in escrow? Congratulations! That means you found a great buyer's agent, you found the perfect place, you got your financing in order and now you’re on your way to owning your new home. Are you prepared for closing?

If you've bought a house before, chances are you have an idea what to expect at the closing table. In most North American real estate transactions, the closing process looks almost exactly the same. That's because most transactions involve the same type of property: an existing, detached, single family home. In fact, 79% of home sales in North America over the past decade have involved an existing, detached, single family home.

Of the remaining transactions, 9% have involved existing condominium or co-op units, and 9% have involved new construction (of either detached, single family homes or condominiums). Less than 1% involved manufactured or mobile homes.

If you happen to be among the roughly one in five homebuyers who are not getting ready to close on an existing, detached, single-family house, take a momentcheck to think about the ways your closing might go differently than you expect.

*Escrow Periods Can Vary
If you're purchasing new construction, chances are you have a closing date set. But the builder is still juggling a lot of different concerns. For example, unlike an existing home, which goes through a predictable inspection process, new construction must undergo a whole series of inspections with government inspectors. Each inspection reveals minor adjustments that need to be made, and sometimes that causes delays to occur. There are also normally at least two walkthroughs performed with the buyer. The first walk through is a few weeks prior to closing, during which the buyer has a chance to make sure the finishes are being performed according to her specifications. The final walkthrough is usually done right before closing in order to assure the buyer everything has been completed according to plan. In any of these walkthroughs, as with the official inspections, unforeseen challenges can arise, thus delaying the closing. That's why, if you're planning on closing on new construction, you should plan on being flexible. The closing date can, and often does vary, by days, weeks or even longer.

*Closing Costs Can Vary
Most closings require the buyer to bring money to the table to cover the down payment as well as prepayments of real estate taxes and homeowner's insurance. And if you happen to be among the percentage of buyers who are purchasing a home in a community or a building that's under the control of a Home Owner's Association (HOA), you should prepare yourself for an additional closing expense as well. HOA's each have their own requirements, but almost always ask for prepayment of HOA fees as well as asking for payment of an HOA transfer fee, which transfers the membership in the organization into the buyer's name.

*Closing Location and Procedures Can Vary
If you happen to be among the percentage of buyers purchasing a mobile home, chances are the home is going to be sitting on a rented lot. The vast majority of mobile homes in North America are owned free and clear and purchased with cash. That means that the closing time and location are completely flexible. If the seller has the title, she can sign the home over to the buyer and have it notarized. Very little else is involved. Transactions like this can happen in the mobile home itself, or at a bank, and they can happen according to any schedule on which the seller and buyer agree.


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