SNAP AURORA - JULY EDITION
I am sure July was a busy month with school children home, and vacation time. We had a great parade to start the month off. I would like to thank all of the people who helped make it such a success and a special thanks to the many volunteers who helped with the flags flying so stately on Aurora lawns for Canada Day. I know there were many lawns missed but next year will be different.
First Time Buyers may enjoy a benefit of land transfer tax rebate - up to $2000, ask for details to verify if you qualify. It is a sliding scale based on the value of the property you have purchased. Your lawyer will complete the form on closing date of your home.
Another opportunity to home buyers at the present time, are the many mortgage options available. It is important to understand the differences and all the costs involved. One plan allows you home ownership with 0% down and spread the payments over a 40 year amortization period, with the proper credit qualifications. You do pay an insurance or premium for these two benefits, and you will end up with a higher mortgage than you paid for the property, (higher loan-to-value ratio). This is just a caution to keep in mind, it will lower your monthly payments (the 40 yr amortization) allowing for a more manageable home ownership, now. It is a good idea to visit your financial institution before looking at future homes, that way you know what you can afford and there will be no disappointments after you have fallen in love with a house you do not qualify for.
Most offers on homes these days, will be conditional on a building inspection as well as financing. Here are a few tips to help make the building inspection more straight forward for the inspector. Easy access to the following areas will help the inspection go smoothly and leave no room for concerns: example, electrical panel, furnace, water heater, and water service and plumbing (all major mechanics of home) attic access, backyard, and garage door openers, gas fireplace (make sure the pilot is on, it might be considered inoperative). If there is a concern to the inspector doing the inspection and damage might result it will leave unanswered questions to the buyer, therefore, holding up the sale of the home and the removal of the condition. Some Seller's are having a pre-sale inspection completed by a qualified building inspector, before their home is listed, and readily available to the new potential buyer. This will help speed the process, usually, and leave no unanswered questions .
Please contact me with questions or comments via email firstname.lastname@example.org or call me directly at 416-809-8752, MERILYN MCCART, SALES REPRESENTATIVE CENTURY 21 ST. ANDREW'S REALTY INC., BROKERAGE