Real Estate Blog

What Sellers Need to Know About a Buyer's MarketWhen a real estate market is flooded with homes, buyers can afford to be choosey. Sellers, however, may see themselves at a disadvantage in a buyer's market, because buyers are able to choose from more available properties and are more likely to include contingencies within a contract. However, it is not necessarily a bad time to sell a home if it is a buyer's market. Sellers simply need to know what to expect from potential buyers and understand how to navigate the market when selling a home.

Learn more about selling a home in a buyer's market today.

What Is a Buyer's Market?

In a buyer's market, there is more supply of houses than demand. Because of this, home buyers can choose to be more selective about the homes they purchase, which

42 Views, 0 Comments

5 Essential Tips for Buying a Home in a Seller's MarketIn a seller’s market, there are more buyers looking for homes than there are homes for sale, creating a lot of competition between the buyers. For a seller, this is a fantastic time to list a home. But for a buyer, it can a difficult time because the market moves so quickly that buying a good home can feel like an impossible feat. Fortunately, it’s not impossible, but it can still be hard, so buyers need to know what to do in advance. Here are X tips all buyers should know before heading into a seller’s market.

Time is Of The Essence

Between tiring obligations like work and school, it can be easy to push home viewings to the weekend. However, buyers who are serious about finding a home need to go to showings as soon as they see a home with

27 Views, 0 Comments

What Should First-time Homebuyers Know About Home Insurance?Home insurance is often necessary for first-time homebuyers. However, all home insurance companies and their policies are not the same and some groups of customers have been less than satisfied with their home insurance company in Canada. Home insurance is generally needed for those homebuyers taking out a home mortgage loan on a home. What should homebuyers know about home insurance before choosing a policy?

Why Homeowners Buy Home Insurance

A house is an investment and it can be expensive to make repairs should serious damage occur. A home is vulnerable to vandalism, fire, storm damage and more. Homeowners can protect the equity in their home when purchasing home insurance. Home insurance policies can differ significantly. Homeowners should

2,418 Views, 0 Comments

The Sky is The Limit When Building Outdoor Living AreaMany spend a great deal of time and money in creating the perfect living space. Homeowners will build home theaters, game rooms, extravagant living rooms and “man caves”. In the meantime, often times outdoor space goes unused or underutilized. Even in Canada, where summer goes by in a minute, there are plenty of ways you can take advantage of your outdoor space. Here are some exterior living space ideas you should consider.

Decks and Patios

Building an outdoor patio or deck is the starting point for many looking to take better advantage of their outdoor space. Deck materials can vary from composites to treated lumber. Patios can be poured concrete or use stone pavers. They can be simple or elaborate. The point is, once “floor” space is created

406 Views, 0 Comments

Why Get Worked Up About Unpermitted WorkIt may not be obvious to a home inspector that unpermitted work exists prior to the purchase of a home. Some projects lie behind walls or other areas not easy to access or hard to observe. Even though sellers should be disclosing any projects that were performed without necessary licensing and permits, this does not always occur and the seller may be unaware that such issues exist. This still places a homeowner in a stressful situation when they uncover such work on their own. Should a homeowner leave the work as-is or take steps to remediate the problem?

Homeowners In for a Surprise

Sellers are under the obligation of disclosing unpermitted work to potential buyers. However, there are cases when unpermitted upgrades and structural changes were

215 Views, 0 Comments

What You Need to Know About Solar PanelsSolar panels are becoming increasingly popular because they help homeowners save money and also help homeowners reduce their home's carbon footprint. Despite this rising popularity, many homeowners are unaware of the benefits of solar panels and are uncertain about how solar panels work. This FAQ can help answer homeowner questions about solar panels.

Can Solar Panels Increase a Home's Value?

Studies show that property values increase by as much as $6,000 for every 1 kW installed. This increase in value can add up to 3 or 4 percent to the value of the home. Modern solar panels tend to be more valuable than older solar panels, because they do degrade somewhat with time. This can add up as much as an additional 3 or 4 percent to the value of a

711 Views, 0 Comments

6 Essential Tips For Packing For the Big MovePacking to move is a big job for anyone, and it takes a lot of preparation and time to make sure everything gets safely put away in time for the movers haul it all away. With such a big job, it’s easy to feel overwhelmed and at a loss for how to pack an entire home’s worth of possessions in a timely manner, so here are six effective tips for any homeowner to help make sure all their things get packed up in time for the big move after selling a home.

1. Start Sooner Rather Than Later

It’s easy to get behind with packing when focusing on selling a home, so as soon as the homeowner knows they’re going to sell, they should pack some of their extra things that aren’t used often. Getting started earlier will mean there’s less that needs to do later

472 Views, 0 Comments

5 Flooring Options For Greener HomesThese days, there are many different options for homeowners who want to make their home more environmentally friendly. Between smart thermostats and solar panels and dual-pane windows, there’s an option fit for just about every lifestyle. However, green updates don’t have to be smart or even involve technology to help the environment. Even choosing certain types of flooring can help make a home green, and these are some of the different material options available for homeowners to choose from when renovating their homes.

The Benefits of Bamboo Flooring

Many people love the look and feel of hardwood floors, but not only can they be expensive, but deforestation is caused by cutting down trees to use in things such as these floorboards. For

314 Views, 0 Comments

Downsizing Doesn't Have to Be a Hassle; Look Forward to a New RoutineLife sometimes gets in the way: Homeowners find that they must downsize for any number of reasons. It's not always easy. Whether the need results from having a smaller household, a job transfer, financial concerns, pending retirement, change in family status, or just the desire for simplicity, planning a move to a smaller home can be approached logically and without undue stress.

The first concern for people who plan to sell their home in order to downsize should be to decide what belongings will make the cut, and what must be sold or disposed of in another way. If there is a need to move quickly, similar steps apply even within a compressed timeline. Take advantage of friends and family, as well as professionals to ease the planning; and try as

103 Views, 0 Comments

Paperwork Associated with a Home SaleOne of the most confusing parts of the home selling process is the paperwork. Selling real estate is a process that requires extensive documentation, much of it written in confusing legal language. Knowing what to expect when you sell your home can quell any nervousness that you feel about the selling process, and can also help you make the right decisions when trying to sell.

Listing Contract

A listing contract is an agreement that you make with your listing brokerage. Once signed, the contract cannot be broken or taken back unless specified in the contract. The listing contract names the responsibilities of the licensee as well as the responsibilities of the homeowner. Homeowners are responsible for providing accurate information about the

2,783 Views, 0 Comments