Found 2 blog entries tagged as finance.

How To Know When It's Time To Downsize Your Home

Retired couple enjoying a glass of wine at home - Is it time to downsize your home - Dewar Realty - The Real Estate Blog

As a realtor, I help people in all stages of their lives buy and sell their homes. One common question I get is when it’s time to downsize your home. While you are the best judge of whether or not it is the right time to downsize, here are some things to think about to help you make your choice.

Do you have extra, unused space in your home?

If you are an empty nester whose children have moved out, you're probably faced with a few extra rooms that don't get the same use that they used to. Maybe you don't need that third bathroom or second family room in the basement. As your children move out and start their own families, it's a good time to think about downsizing. Getting rid of that unused…

1121 Views, 0 Comments

Are you financially ready to buy a house? | The Real Estate Blog | Dewar Realty Inc

Are You Financially Ready to Buy a House?

Are you a first time home buyer? If you’re starting to think about buying a home and have peeked inside an open house or two, you'll want to keep reading.

If your employment is secure and you plan on living in the same place for a while, it might be time to consider if you are financially ready to purchase a home. Here are some important financial questions everyone should ask themselves before they buy a home:

Do you have a Down Payment?

The minimum down payment to purchase a home today is 5% of the purchase price. Obviously the more you are able to put down the better, and anything over 20% of the purchase price will also help you avoid paying fees for mortgage insurance.

More money for Other…

879 Views, 0 Comments