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NEED TO KNOW BASICS BEFORE BUYING A RENTAL PROPERTY So you’re ready to buy your first rental property. Maybe you’ve heard about all the money you can make just by buying a property, finding a tenant, and letting the cash roll in. Perhaps your parents had rental property and you know the money that can…
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…
IT’S WORTH KNOWING THE INS AND OUTS OF YOUR MORTGAGE It’s true and certainly something to always be mindful of, “It’s not about how much money you make, it’s how you save it.” When it comes to porting a mortgage in Canada, there are some things like interest rates that you need to factor into…
NOT ALL SALES ARE EQUAL ESPECIALLY WHEN SELLING YOUR BELONGINGS. Whether you’ve lived in a house for one year or 25 years you will accumulate stuff that gets shoved away in a dark corner and collects dust. We all do it unless you’re an extreme minimalist which wouldn’t be so bad for some people…
YOU CAN NEGOTIATE ANYTHING AS LONG AS YOU KNOW HOW TO MAKE ALL THE RIGHT MOVES. Dealing with a rent increase is one of those difficult negotiation situations that need to be backed by top-notch negotiation skills. Whether you’re a new tenant, on the cusp of renewing your rental lease or you’ve been handed a…
SHOULD YOU BREAK YOUR MORTGAGE OR PORT IT WHEN SELLING AND BUYING A NEW HOME? Whether you can port a mortgage depends on a few factors but ultimately it all has to do with numbers. Porting a mortgage may not be in your best interest especially if you’re not happy with your current lender and…
Financial Decisions Can Be Tough When You’re Backed Into A Corner A couple, two kids, two jobs, debt, minimum wage, and house hunting. Sound familiar? Find out what the Ontario minimum wage hike means for them and whether they should jump into the housing market now before it becomes even more expensive. Managing debt is…
EMOTIONALLY INVESTING IN YOUR HOME RENOVATIONS IF YOU PLAN TO MOVE WILL COST YOU MORE THAN YOU NEED TO SPEND. Lately I’ve been quite impressed with the house prices in our area but at the same time know that if we sell the cost to renovate and buy weigh heavily on our minds. Not…
DON’T GET LOST IN THE FRUSTRATIONS OF LOOKING FOR A NEW PLACE TO CALL HOME Whether you’ve just landed a new job or you’re moving for school or personal reasons it’s important to know where to begin your property search. One of the hardest things about moving to a new city is not knowing…
BEFORE YOU SIGN ON THE DOTTED LINE CONSIDER THE FOLLOWING TIPS FROM SOMEONE WHO HAS ALREADY MADE THE MISTAKES. Let’s just say we know someone who took on home ownership without much exploration but wishes he had done so to avoid the mistakes he made. Mr. Mistake has a child who stays with his…
YOUR OPEN HOUSE IS A CANDY STORE FOR POTENTIAL OPEN HOUSE THIEVES. Open house signs seem to be flooding the real estate market these days especially during the Spring, Summer and Fall months when the weather is nice in our neighbourhood. A successful open house means that you’ve had potential buyers come through, nothing was…
DON’T BE A FOOL TOWARDS THE SHIMMER AND SHINE IN THE REAL ESTATE MARKET The most expensive house in the world is the one you are living in or contemplating purchasing. Owning a home becomes your world even though some people consider a roof over their heads a house and never a home. Buying…