CENTURY 21 Colonial Realty Inc. - Blog

PEI Real Estate Report - Mortgages, Know Where You Stand

joel.ives@century21.ca — Thu, 09 Feb 2012 00:00:00 GMT

When thinking about purchasing a new home, many of us put the cart before the horse. We start house shopping before knowing what kind of mortgage we qualify for. Knowing where you stand financially will put you in charge of your home buying journey and potentially save you the time and heartache to a home that was out of your reach.

There has been a lot of talk about low interest rates on mortgages lately. It is true that we have historic lows available which do make your payments easier. Not every mortgage is the same make sure you understand what you are signing up for. Are you able to add more onto it later on? Are you able to pay extra on it during the term? What is your penalty if you sell your house and you don't get a new mortgage? All of these questions may not seem important when you are looking to get your mortgage but like life, things change and you want to make sure you have the right mortgage for your situation. Do your research and call a professional mortgage agent.

Do you have more questions about this topic? Our REALTORS are here to help you. If you would like more info on this or other real estate topics go to www.5662121.com and join us on facebook where we discuss in more detail.

PEI Real Estate Report - Mortgages, Know Where You Stand

joel.ives@century21.ca — Wed, 08 Feb 2012 00:00:00 GMT

Happy New Year From Us at Century 21 Colonial Realty!

joel.ives@century21.ca — Thu, 05 Jan 2012 00:00:00 GMT

Happy New Year from all of us at Century 21 Colonial Realty! Hoping you had a chance to take a few moments to reflect on 2011 and to ponder what lies ahead in 2012.

For some of you, 2012 is the year you will buy or sell a property and make a major change in your life and the lives of your family. This is a very exciting time, but with the excitement comes the stress that every buyer and seller experiences. Don't go through unnecessary stress, start by planning ahead. If you intend to sell your home in the spring, don't leave the home improvements to the spring as well. Make a list and pick away at them now. Call a Realtor and ask them to have a look at your home before you are ready to list. They can tell you what you should do to make your home most marketable.

Before you plan to buy, check out lenders, understand mortgage rates and where you stand in terms of your credit rating. Talk to a Mortgage Specialist and get pre approved for a mortgage. The rate can sometimes be held for you for as long as 120 days.

Simply understanding the complete process of buying or selling will remove stress from you. Going into it without that knowledge and learning as you go can make buying and selling a lot more work and stress than is necessary. Contact one of our Realtors and Mortgage Specialists and meet to discuss the complete process so your transition is a smooth one.

PEI Real Estate Report - Listing Your Home During the Holidays

joel.ives@century21.ca — Wed, 07 Dec 2011 00:00:00 GMT

Heading into the holiday season people who have been thinking about putting their home on the market will often hesitate listing until after the holiday season. One very obvious and understandable reason for that is simply because the holidays are hectic. The thought of adding showings and open houses into the mix is daunting. Also, some potential sellers may take the opinion that people typically aren't house hunting over Christmas and New Year. But there are advantages to listing at this time of year. True, many people are in holiday mode and perhaps holding off on house hunting until after the holidays, but for those serious house buyers (and they are the ones you want) it doesn't matter if it's the holidays. They want to find a home and will be scouring real estate websites daily over the holiday season waiting to see a new listing. The holiday season could be a good opportunity to put your home on the market with perhaps less competition that you might see in the spring and summer. Consider also that a home decorated for Christmas is often very warm and inviting. It might be one of the best times of the year to show your home.

Check out this week's PEI Real Estate Report VIdeo below:

If you are feeling overwhelmed by the thought of showings and open houses while trying to manage all of your other holiday obligations, communicate that to your Realtor. They can work with you to take the pressure off and work within your schedule. Whenever you decide to list, feel confident that its the right time for you.