Reasons Why Overpriced Home Selling Is A Big Mistake : The Saturday Weekend Review #263

IF YOU WANT A SOLD SIGN AVOID LISTING AN OVERPRICED HOME   If you’re thinking about putting your house on the market one of the worst things you can do is list and overpriced home for sale. A motivated seller will list their home appropriately according to market value but those who want more may go above and beyond but that comes with many risks. Over the past few months our neighbour found their dream home out in the country and the only way they could look like serious buyers was to list their house for sale. The only problem was that the house they were interested in was a bit over their budget so they took a house with a market value of just over $700,000 and listed it for $900,000 which was grossly inflated. There were two reasons the homeowner told us for this and one was again to look serious to the seller of the home they put an offer on and in hopes someone rich would come along and buy their house without question. We live in a popular area of the city where homes don’t often come up for sale so when they do you […]

Neighbour’s Unsightly Property Scares Potential Home Buyers : The Saturday Weekend Review #260

WHEN THE WEEDS DO THE TALKING AND THE BUYERS DO THE WALKING   Buying a home is a big decision for anyone to make which is why there are so many factors that can increase and decrease the potential value of your property, one of them being your neighbour’s house. I know people might say to mind your own business but in today’s world no one wants to buy a property next to a house that looks like a salvage yard. You probably worked hard to save for your down-payment and want that money to be spent on a home that brings you joy which includes the surrounding neighbourhood. This is why there are sought-after neighbourhoods and those to avoid. Would you risk losing 5-10% of your house value because your neighbour can’t be bothered to keep their property in decent condition? Probably not because no one likes to lose money for nothing but this is the reality many home sellers face today which is why we want to move to the country where it’s just us and nature.   Ways to decrease the value of your home   When you decide to put your property for sale no matter […]

How To Test Budget A Mortgage Before Buying A Home : The Saturday Weekend Review #250

LIVE LIKE YOU OWN THE HOUSE BEFORE YOU BUYING   Think about the above statement for a moment and ask yourself how that may have changed your past or current budget before buying your home. You may find that had you created a test budget before that purchase you may have noticed that you shouldn’t have spent so much. Typically you wouldn’t hear me say anything about using a test budget because a budget is a budget, however there are times when pretending to budget comes in handy. Forget about the word pretend for a moment and consider the reasons why you would want to prepare a test budget and how it would benefit you as a potential homeowner. Can I afford the house Can I afford the house Can I afford the house   Start Young Finish Free   I often like to believe that anyone who starts learning about finance from a young age will have basic knowledge to make financial decisions that may not impact their lives the way someone who did not. This is why I urge parents to teach themselves about finance FIRST and pass that knowledge on to their kids. Even then there are […]

Magical Budget Jars Change This Couples Life Forever

EVERYTHING BECOMES MAGICAL WHEN YOU BELIEVE- EVEN YOUR FINANCES   Every so often I get an email from a CBB fan which sparks a conversation which then turns into sharing their budget journey on Canadian Budget Binder. I absolutely love sharing fan stories because they are real and all of us can relate to them in one form or another. In today’s blog post you’ll learn how one couple goes from two incomes to one and managed to turn some glass jars into magical budget jars. If you don’t take your finances seriously someone else will but that someone else won’t be on your side. Each of these budget stories inspire others including myself to continue to believe in the power of positivity and not giving up when the going gets tough. There is a financial solution out there for everyone whether they choose to believe it or not. It may not what you want it to be but in the end it’s likely for the best.   SEEMINGLY EMPTY TO MAGICAL JARS   Hello Mr. CBB, Here is our budget story …. When my husband and I met we were both struggling from breakups leaving us with less money […]

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