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Property Appraisal and Market Value
November 18, 2024
One of the most important things in association with real estate is determining the ‘true worth’ or ‘value’ of your property. The two main ways that one can determine this is through property appraisals and comparable market value analysis. Typically, these two methods are used in conjunction with one another in order to establish a sale price ...
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Sellers list right to avoid price reductions
November 11, 2024
In most areas of the country, 2007 marked a change in the residential home-sale market. Buyers gained clout for the first time in over a decade. Inventories of homes for sale grew to record levels in some places. Price reductions, which carried a negative stigma when listings were easy to sell, came to be seen as a necessary part of the home-sale ...
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Real estate: Dealing in a buyers' market
November 1, 2024
The single biggest investment for most Canadians is the purchase of a home. So, home owners were understandably worried when the Canadian Real Estate Association recently reported that average Canadian resale house prices fell by 10 per cent year-over-year in October.
On the other hand, the end of the boom would appear to be good news for ...
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13 Extra Costs to be Aware of Before Buying a Home
October 31, 2024
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you're not informed ...
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5 first-time buyer mistakes to avoid
October 6, 2024
If you're a first-time home buyer in this market, how could you go wrong? Nationally, sales prices of existing single-family homes are down nearly 24 percent since their July 2006 peak. Interest rates, recently 4.9 percent for a 30-year fixed-rate mortgage, are hovering near historic lows. And if that isn't incentive enough, Uncle Sam is offering ...
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The 5 Secret Benefits of Good Pricing
September 21, 2024
Faster Sale. When your home sells faster, you save on carrying costs (the mortgage payment, property taxes, utilities and other costs of ownership). A quicker sale creates less inconvenience for you. If you've sold a home before, you know the energy it takes to prepare for showings: keeping the home meticulously clean, making child care and pet ...
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Seller’s Info
September 20, 2024
Whether you’re planning to sell your home in the next few months or just studying up for that eventuality, there’s no time like now to prepare. If buying a house seems complicated, selling involves even more responsibilities and expenses.
Here are some common steps to selling your home:
1. Prepare Your Home for Sale
Well before you’re ...
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Luxe-for-less home makeovers
September 19, 2024
Forget collagen or chemical peels. If you're like many, it's your home that really needs a facelift.
This quarter, Americans are expected to spend $171.1 billion on home improvement, according to research by Harvard University's Joint Center for Housing Studies. While that number is staggering, it's still 2.5% less than what homeowners spent in ...
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Divide and conquer
September 17, 2024
At first it sounds exciting. Then reality sets in. Along with a new home comes packing, moving, arranging for new doctors, schools, utilities and other services. You'll have to find a new route to your job and learn about the new neighbors and the best places to shop. And you haven't even started with getting your home ready to sell? ...
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NINE LENDING FACTORS
September 14, 2024
Did you ever wonder what a lender looks at when determining the value of your home? A simple price per square foot doesn't always work. Many factors enter into properly pricing real estate with location being one of the top items.
These nine items will give you an idea of how a lender determines the value of a property and how much money the ...
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