Did you know … as of March 18th 2011, you will no longer be able to take out a mortgage with an amortization period of more than 30 years. The change was implemented as a preventive measure to ensure people aren't over extending themselves. Some banks are taking advantage of this to offer incentives for would be home purchasers before the deadline, so take advantage now!
ready2move.ca ...
Posted by Szabolcs Pall
on March 17, 2011
My brother recently asked about what I thought was the best smart phone on the market. Sure there are tons of web-sites dedicated to this stuff, and he has probably read them all, but like most anything you purchase, it’s often best to ask someone who’s had some firsthand experience with the bloody things.
And it’s with that in mind that we decided to host a live session ...
Posted by Szabolcs Pall
on March 17, 2011
How’s the housing market? It couldn’t be any better if you ask me, and let me explain why:
While the Residential Unit sales on the Ottawa Real Estate Board are down, our Condominium Unit numbers are up from last year at this time. And let me remind you, that we had a record breaking year in 2009 which makes the numbers even more impressive. Residential prices have increased approximately ...
Posted by Szabolcs Pall
on December 29, 2010
Waiting till spring? Here are 3 reasons why you should get your home on the market, right now! If it’s something you’ve been considering but are getting mixed messages from the industry and agents, here are my top reasons, why hesitating could end up costing you!
1) Interest Rates. The banks are practically giving money away. 2) ...
Posted by Szabolcs Pall
on November 11, 2010
We're faced decisions throughout our normal day, and usually get them right without much difficulty.
But while each of us is well equipped to make every day decisions, it’s not always so simple. When we consider selling our home, that decision is one that obviously requires much greater scrutiny. Consider the following:
How much equity do I currently have? - The amount of money you ...
Posted by Szabolcs Pall
on June 1, 2010
Did you know that there are a variety of government programs to help you save or borrow the funds for your home purchase? The RRSP Home Buyer's Plan, the Home Buyer Tax Credit and the Land Transfer Tax Rebate can help overcome the difficult challenge of saving money for a down payment faced by many First Time Home Buyers today. As a REALTOR® I can help you understand how these programs ...
Posted by Szabolcs Pall
on March 29, 2010
Did you know that you can still get financing for up to 100% of your home? There is no getting around the 5% down payment required by CMHC, but some lenders will give you the 5% down payment if you are willing to take on a higher interest rate.
Don't forget though, that for non-owner occupied or investment properties, you now need a 20% down payment as part of the new mortgage rule ...
Posted by Szabolcs Pall
on March 2, 2010
Image: Danilo Rizzuti / FreeDigitalPhotos.net
How do you characterize our current real estate market? Lots of buyers, not enough homes. Homes are selling at over and above the asking price as demand pushes excited home buyers, nervous at the thought of losing out on a home, to bid full asking price sometimes without conditions. While active listings are down from last year, we are already ...
Posted by Szabolcs Pall
on March 2, 2010
Did you know that while condos remain an affordable option for many first time home buyers or empty nesters looking to downsize, the lower price doesn't always tell the whole story. The condo fees that vary according to age, size and location of the condo, can sometimes be up to 50% of the cost of your monthly mortgage. Always check with your REALTOR® and lawyer to find out what amenities, ...
Posted by Szabolcs Pall
on December 2, 2009
There is no better time to get in the market then now! This is something you may hear repeated often but it definetly rings true today!
Consider the following: The dollar is at about .95US again, the stock market has survived the bad news coming out of Dubai and is once more pushing towards 12,000 points. Overnight lending rate by major banks is still hovering at all time lows and the ...
Posted by Szabolcs Pall
on December 2, 2009