Buying a Home While Going Through a Divorce Buying a Home While Going Through a Divorce

Divorce is one of the most emotionally devastating events that you can experience, and you understandably want to get your life settled as quickly as possible. Buying a new home can help you to establish new roots and get back on your feet. However, if you plan to buy real estate before your divorce is finalized, you should consider a few important points before you get started.

The Assets for the Down Payment

Simply filing for divorce does not dissolve the marriage, but assets may be divided when you are legally separated. Whether you are using cash for a down payment or to buy the property outright, you will likely need to pay out of pocket with a large sum of money. It is important to speak…

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House Hunting in a Hot Housing Market
House Hunting in a Hot Housing Market

Real estate in the Cambridge Ontario area is in high demand. Whether you are looking for the perfect new home in Cambridge or in another surrounding community like Kitchener, Waterloo, Guelph or other areas, you may be wondering how you can be successful with your house hunting efforts in a hot real estate market. These tips can help you to enjoy a smoother, easier process when searching for a home in a popular market.

Get Pre-Qualified for a Mortgage

One of the first steps you should take is to get pre-qualified for your mortgage. Pre-qualification helps you to determine how much house you can afford, and this can narrow down the scope of your search. A pre-qualification letter can also be provided to…

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Moving to a new city - things to consider when buying a house in an unfamiliar place

A home inspection is always an important part of buying or selling a home, it almost always reveals something that needs to be repaired or renovated. You might think that you're stuck footing the bill if you've already decided to buy a home, but there are still ways to negotiate with the sellers to have at least some of the necessary repairs completed if some issues have come up during the home inspection. Here are a few tips that might help you succeed in your negotiation.

Get a Second Opinion

After a home inspection is completed, many realtors will call in a contractor to get a second opinion. You should follow suit and contact a contractor to take a look at the possible repairs. There's no harm in having a second or third set of eyes take a…

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Moving to a new city - things to consider when buying a house in an unfamiliar place

Can You Afford It?

This should be the first question you ask yourself before making the leap. After all, the cost of living could be different for a number of reasons.

Your best bet is to narrow down the list of cities you want to live in. Next, you’ll want to write out your current expenses. Now, try to project how much those same bills will cost you in the new city. This financial assessment gives you the first look at what you can expect from a money standpoint.

Finally, you need to figure out a way to make a living. It is best to have a job lined up in your new place before you move. Do you? If you don’t, are you comfortable moving there without financial support? Finding a job can be challenging, even in large urban centers.

Live Like a…

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5 Issues you can identify without a home inspectorWhen buying a house in Ontario, you understandably want to purchase a property that is in great condition. At Dewar Realty, we typically recommend that clients get a home inspection. A property inspection is a great way to learn about the true condition of the home. After all, many types of damage cannot be detected by an untrained eye, and you need to know as much as possible about property condition before you make a purchase. While a home inspection is a great resource for you to use, you can learn a lot about a home by being observant during the home tour. In this market, a home inspection clause in your offer is not always possible. Here are some of the top things you can learn about a property without an inspection. 

1. Roof Condition

While…

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Holding Off Offers for Review - Is it the right approach?Cambridge real estate is in high demand, and you may be preparing to list your home for sale soon. Because of how hot the local market is, many of our clients receive multiple offers within days of listing their properties for sale. This is a desirable situation for sellers to be in because multiple offers can create a bidding war situation that drives the sales price upward. A common question that local sellers have is if they should hold their initial offers for review to create a bidding war situation. Because of how frequently this happens in the local market, it is wise to think through this possibility.

Each transaction is unique, so there is not a catch-all solution for this. The reality is that numerous factors must be carefully reviewed by you…

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If you are starting to look for a new home to buy in the Cambridge area, it is important that you seek professional real estate advice and representation from a skilled agent. Cambridge real estate is in unprecedented demand, and many listings are only on the market for a few days. In addition, some properties receive multiple offers, and a bidding war ensues. At Dewar Realty, we can help you to get a great deal on a property that is right for you. There are several strategies that may be used to buy a house in the current market.

A Competitive Price Offer

In some real estate markets, it is reasonable for a buyer to make an offer below the asking price. However, because Cambridge real estate is in such high demand, this is usually not the case here.…

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The perfect home listing will attract the right buyers. Thanks to the internet, buyers can easily browse MLS listings to decide which homes are worth visiting without leaving home or work. Since first impressions matter, it is essential your realtor creates an enticing home listing that portrays your home in the most favourable light.

Basic MLS Listing Details

The main selling points of any home listing are the bedroom, bathroom, square feet, price, and location. Mention additional rooms in the home (attic, basement, laundry room, dining room, den, etc.) and the exterior details (patio, porch, pool, deck, backyard space, etc.). Include electric and gas appliances, heating/cooling systems, flooring type, and fireplace. Highlight any upgrades or…

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The Home Buying Process in a Hot MarketWhen it comes to buying a home in a hot market, you have to bring your ‘A’ Game. There are too many others out there looking for their dream house, just like you. This means you need to set yourself apart from the rest of the candidates in order to stand out. There are a variety of things you can do to give yourself the best shot possible.

Hire An Agent

Home buying is a difficult process that requires a lot of time and energy. Though, if you are a hard working, busy member of society like the rest of us, who can barely spare a free moment, do not despair! That is what a real estate agent is for! The right agent is so important for your cause. He or she should be your navigator, cheerleader, therapist, and paperwork extraordinaire. Take advantage of…

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Home Renovation Trends to Increase Property Value
It is no secret that a home with all the bells and whistles will be more attractive than the shack at the end of the street. This is because the nicer a house looks, the more appealing it will be to prospective buyers. It shows that the owner really cared about the property and put hard work into making it an extraordinary living space. If your home is in decent shape, but could stand to use a few upgrades, try these home renovation trends that are sure to increase your property value.

Flooring

Upgrading the home’s flooring is one of the best things you can do for resale. Most house hunters find it difficult to look past a house with stained pink carpet from the ‘70s. Take the carpet out and install a solid wood or laminate floor. This will ensure…

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