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Sellers Market!

Sellers Market! Sellers Market!! Current trends in Windsor and Essex County real estate continue to show a Seller's market.  This means if you're selling your home or property you will usually have more people that will be interested in purchasing your home thus bringing a higher market value for your home. Why is it a Seller's market?  The reason is there simply are not enough people selling their homes.  Residential inventory is very low.  At time of writing this article there are less than 1000 residential properties for sale in all of Windsor and Essex county.  This from just a few years ago you could find over 4000 homes for sale in Windsor alone. How do you buy a home in a hot Seller's market?  You must work with a good Realtor to help you find the listings that meet your needs and wants.  They should be able to let you know the same day any listings have come out that would be of interest to you. You should have a true pre-approval for your mortgage (some banks tell you you're…

Advice for Home Buyers

Advice for Home Buyers (From CREA) Advice for Buyers (The comments contained on this page are for informational purposes only and do not constitute legal advice.) Finding the perfect home doesn't happen in one day. It takes careful planning and lots of work. Fortunately, there are a number of things you can do to simplify the process. 1. Things to Consider Before Starting Your Search What Features Do You Need? Do you need an extra bathroom, a garage, a fenced backyard, or lower utility bills? Do you want a fireplace, a short drive to work, or maybe minimal yard work? Once your list is complete, decide what’s most important to you. What’s the Ideal Location? Where you live obviously affects your lifestyle; it’s also one of the most significant influences on the value of your home. Your choice of location may be somewhat limited by the price you can afford. Even so, make sure to consider such things as distance to work, schools, shopping and entertainment. What Kind of Home? What type of property do…

Preparing Your Home for Sale

Preparing Your Home for Sale You've decided now is the time to sell your home and ask yourself what should I do to prepare my home for sale? I am yet to meet a person that did not want to get as much money as possible for their home.  The way to do this is to have it move in ready! Most people want to see a home that needs nothing done to it for them to be happy living in it.  This doesn't mean everything needs to be new, this means general maintenance around the home should be complete.  Caulking around windows should be in good condition or fresh, bathtubs and sinks should have clean good looking caulking.  If you have any broken ceramic tiles they should be replaced if possible.  Holes in walls should be repaired and painted. If you have flashy paint colours  you may want to consider painting a neutral colour to appeal to more buyers. Typically kitchens and bathrooms add the most value to your home, if these are dated you may want to consider renovating to get the most you can out of your home.  In…

Buying a Home Tips

Buying a Home Tips If you've purchased a home before you probably know some mistakes you made when you were looking for that first house. If you are a first time buyer maybe you need some tips. Some things to consider before purchasing: The first and most important is how much home can I afford? The first step is going to a mortgage broker and getting a genuine pre-approval. I say genuine because I have ran into issues with banks telling prospective home buyer's that they are pre-approved for a certain amount without ever checking their credit. If you have no credit obviously you cannot buy a home. I work with possibly the best mortgage guy in the business, call me, Brian Wright for details cell: 519-818-6321 Where do I want to live? Location is obviously important. If you have children or plan to have children you would want to focus on schools and how they are rated. The areas with the known better schools usually are in higher demand and therefore drives the home prices higher. If you don't…

Student Rental Tips

Student Rental Tips The student market can be a lucrative business but landlords need to do their homework when selecting tenants as Tim Collins from Student Rental Investing explains. When renting to a ‘typical’ tenant, the normal checks that I undertook were references, job credentials and a credit check. I could then take all that information and make an educated decision on whether to rent out to that particular individual. I'm also a big believer in trusting your gut so if your intuition is screaming something’s not right, well then it's probably worth listening to. When it comes to students, things can be a bit trickier. Credit checks are irrelevant as students often have not had time to build credit check. As such, it may be necessary to do a credit check on the guarantor. By having a fabulous advertisement with great pictures and offering utilities for a nice affordable monthly price, you're likely to attract more than just students. It's not good practise to mix students with…

10 Steps: How to Make a Successful Relocation Move

10 Steps: How to Make a Successful Relocation Move

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