How to get top dollar for your home, and save money in real estate.
Sometimes it's not always what you make; it's how much you save. It's a fitting metaphor for those thinking of selling their home. In a similar vein, most sellers are not concerned about what it costs to sell their home, what's ultimately most important is how much of their equity they get to keep at the end. Think about ...
Posted by Szabolcs Pall
on May 5, 2010
Hottest April on record for resale housing market Members of the Ottawa Real Estate Board sold 1,841 residential properties in April through the Board's Multiple Listing Service® system compared with 1,591 in April 2009, an increase of 15.7 per cent. Of those sales, 425 were in the condominium property class, while 1,416 were in the residential property class. The condominium property class ...
Posted by Szabolcs Pall
on May 5, 2010
Did you know … that with Century 21 Canada, you are Connected to More™? We generate more leads through building broader online networks: websites, social media platform, mobile applications and blogs. We appear more frequently in real estate searches, we attract more homebuyers in more neighbourhoods with Showcase21 and Google Maps Streetview. It's with great enthusiasm, ...
Posted by Szabolcs Pall
on May 5, 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
How do you win in a Competing Offer scenario?
First you accept that in some instances, price will always be the final word. And no matter how well your offer is drafted, someone may be in a position to offer more money than you for the house. Having said that, there are a number of things you can do as the buyer, to ensure that your offer is not amongst the first to get rejected, so ...
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
With the introduction of HST in Ontario starting July 1st 2010, your real estate transaction will be effected in a number of ways. While you don't have to pay HST on resale homes, the services that you use may be HST taxable. Lawyer, home inspector, appraisal, survey and real estate fees are subject to the new HST. New home purchases are also subject to HST, but you may qualify for ...
Posted by Szabolcs Pall
on February 5, 2010
Did you fully understand the document you just signed? If you are a little unsure about your level of comprehension of the last listing/offer you signed, don't worry, you are not alone.
I've got a great example of a home owner who misunderstood one of the many important clauses in his Listing Agreement, namely in reference to the Holdover Period. This states that the seller agrees to ...
Posted by Szabolcs Pall
on February 5, 2010
As one of the newest residents in our neighbourhood, and a CENTURY 21 Capital Realty Sales Representative, a few observations are worth highlighting:
1) Shoveling snow is not only a great way to keep fit; it's also an opportunity to meet your neighbours. Winter shows no sign of letting up, and in 2 short weeks I've met a lot of our neighbours already, thanks for stopping and introducing ...
Posted by Szabolcs Pall
on January 6, 2010