Home Buying and Finances – Making the Right Decisions How much can you afford? Almost everyone who buys a home borrows some of the money to pay for it. The easiest way to determine how much money you will be able to borrow as a mortgage loan is to consult with one or two lending …
The Final Costs of Buying a Home The purchase price of your new home is the biggest cost you will come across in your home-buying venture, but it is not the only one. A REALTOR® can provide you with helpful advice about other costs involved, some of which may include the following: Application / Mortgage …
Glossary of Real Estate Terms ADJUSTMENT DATE The day on which all calculations of interest, tax adjustments and utility bill adjustments (if applicable) are made to either the buyer or seller. This is usually (but not always) the same as the possession date. AMORTIZATION The time it takes to repay the entire amount of a …
Arranging a Mortgage Sorting through the numerous mortgage options available to today’s homebuyers can be intimidating, but professional help is readily available. Your REALTOR® can offer you information along with your financial institution’s mortgage specialist. First, it’s necessary to know which kinds of institutions will lend you money. Banks and trust companies lead the pack, …
Multiple Offers – What’s Involved As a buyer or seller, dealing with a multiple offer situation on a property can be stressful. Your REALTOR® can provide you with information about the process regarding your situation, but this article will give you an overview of some key points to bear in mind. The buyer Your REALTOR® …
Are you in the market for a home? If so, do you see yourself in a cozy character home with ornate fireplaces, or does the image of a brand new home with today’s state-of-the-art technology appeal? Either way, you will find that the rewards of buying your own home are many. The security, comfort and …
If you are thinking of buying a home in the near future, a REALTOR® can provide invaluable help in finding the right home in the right price range in the area you want to live. Through access to the Multiple Listing Service, (MLS®) a REALTOR® can give you a customized list of homes for sale …
You have decided to buy a home. You’ve analyzed your budget, talked to a REALTOR® and figured out what kind of house you want. But, the most important step may have been left until last: picking the right neighbourhood. Choosing not only the proper community, but also the right neighbourhood, can have a tremendous impact …
If you are thinking about buying a condominium apartment you are no doubt concerned about the problems some condominium owners face with moisture leaks. Although not all condominiums are affected, the Victoria Real Estate Board (VREB) encourages buyers to work with their REALTOR® in conducting a cautious and thorough investigation of any property before …
Why Use a Realtor When Buying Buying a home is likely one of the biggest investments you will ever make. You will need to make a number of decisions about this purchase that should be based on the best information available. The best advice you can obtain on buying a home will come from a …
