Keeping Your Cool & Making a Smart Housing Investment
Posted by Greg Dewar on
One of the hardest things to do when buying a home in a hot market is to keep your cool and make a smart housing investment.
The process can feel aggravating, especially if you’ve placed numerous offers that were never accepted. Right now, it’s becoming increasingly common to lose out on the house you want due to the high volume of competition. I’m sharing some advice on how to avoid getting caught up in the often stressful process of finding a home so that you can make a good investment when you decide to buy.
Pump the brakes (but hit the gas when you need to). If you find yourself getting caught up in the details and the emotions of the home buying process, you should probably step back, examine the situation and make sure you’re going in the…
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Welcome to part two in our two-part series on house hunting mistakes to avoid! Part one of our house hunting mistakes to avoid included things like making sure to get preapproved for a mortgage, not falling in love with house you can’t afford, not having a clear vision of the type of home you’d like and ignoring problems that could become costly to fix.
This week’s blog post is part one in a two-part series about the top house hunting mistakes you should avoid. Whether you’re purchasing your first home or are a seasoned veteran looking for a home to retire in, these mistakes are easy for anyone to get caught up in!
If you’re looking for a new home, you might be trying to decide just how much house you should buy. In the past, the trend was to buy larger and larger homes, for a number of different reasons. Conventional wisdom said that you should buy as much house as you could afford because the most expensive property would be the best investment in the long run. Often, people purchased larger homes in hopes of impressing people or because they received a promotion or raise at work and saw it as something they “should” do.
Welcome to part two of my Mortgage 101 blog series. In this post I will be answering some more commonly asked questions about mortgages, particularly about mortgage terms and what types of mortgage rates are available to Canadians in the home buying process.
If you’re new to the home buying process, mortgages might seem a little complicated and overwhelming to you. Luckily, in today’s blog post I’m breaking down exactly what a mortgage is and the most important things you need to know about them.
Welcome back to my two-part blog series on renting vs. buying a home! This week’s post takes a look at the pros and cons of buying a home. It’s no secret that I think buying a home is more beneficial than renting for most people. Take a look at the pros and cons of buying a home below and start thinking about which option is best for you!
If you’re looking for a neighbourhood in Cambridge, Ontario to suit your needs, you might be interested in learning more about Galt. Galt comprises a large portion of Cambridge which is why it’s usually broken into three distinct neighbourhoods with unique characteristics: East Galt, West Galt and North Galt.
Because buying a home is usually considered to be a good investment, many people want to get into the real estate market, regardless of their credit history. Right now, the real estate market is favourable to buyers since interest rates have remained low for so long. But for those who have a bad credit history, buying can be tough. In 2012, the Globe & Mail reported that more than one in eight Canadians will declare bankruptcy or negotiate a debt settlement with creditors. This means that there are a lot of Canadians with bad credit who recognize the value in purchasing a home. Here are somethings to keep in mind if you’re buying a house with bad credit.