Real Estate Blog

How to Decide If Age-Restricted Communities Are Right for YouThere are laws in Canada that prevent HOAs from placing age restrictions on housing, but the one exception to these regulations is made for senior living. Considering the rising population of retirees, age-restricted communities are popping up at record rates in practically every corner of the country. Before a Joe Rich homebuyer chooses this option, it helps to understand the reality of these communities. Learn more about both the perks and potential disadvantages before getting a down payment together.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Learning the Age Laws

Some communities are obviously designed with seniors in mind. Their marketing

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Agent Warning Signs You Should KnowAll Glenmore home buyers and sellers need to work with a real estate agent. However, many buyers and sellers may not know when to start when looking for the agent who is right for them. Every agent is different, and there are agents who will be a good match for a buyer or seller, and there are agents who will be a bad match—it’s just a matter of determining which is which. Here are some important red flags everyone needs to know about before hiring an agent.

The Agent Works Part-Time

Like any job, in order to truly be an expert, the worker needs to do the job all the time—not just on weekends or when they’re free. Being a real estate agent is a profession that requires a lot of time and effort to learn. If an agent says they only work part-time,

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What to Know About Interest Rates When Buying a HomeWhile finding the perfect home may not always be challenging for Glenrosa buyers, the in-depth processes necessary to complete a sale transaction usually are somewhat formidable. Some of the most misunderstood aspects of buying a home involve finances—particularly within the realm of choosing the right kind of mortgage and calculating interest costs over the course of the loan. With this in mind, we offer a guide to understanding more about mortgage loans and interest rates in Canada.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Mortgage Payment and Interest Considerations

Most buyers are aware of the basic concept of mortgages, even if they are first-time

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Missed a Couple Mortgage Payments? What You Can DoFalling behind on a conventional mortgage payment can be scary for a homeowner. If you've recently missed one or two payments, there are many things you can do to get back on track with your mortgage lender. Understanding why you're in default and knowing your options can help you decide how to proceed.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Identify Why You're Not Able to Make Your Payments

Before a homeowner can start to get back on track with their bank, it's important for them to understand why they're having a hard time making a payment. Sometimes the reason is obvious, like loss of a job or death in the family. Other times, the reason is

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How to Research the Market Before Buying a HomeTruly understanding the Canadian real estate market takes a lot of time and expertise. The trends and nuances of each neighborhood are so specific that even professionals may feel at a loss from time to time. But despite the intricacies of real estate, homebuyers can still learn plenty if they take the time to do their research first. Acquiring general knowledge of what homes are selling, why certain homes may sell more than others, and why certain features are more valuable than others can be the keys to getting started. Homebuyers who want to approach their research as efficiently as possible should keep these tips in mind.

Historical Trends

Most buyers will start with the average sale price in the area to get a general sense of what they can

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Improve Your Home Office to Add Value to Your PropertyBuyers who are searching for a new home to buy are often looking for a place that offers functional rooms amid an open floor plan. A home office is a desirable feature for buyers across all demographics, from young professionals who want a comfortable place to work from home to retirees who still need a quiet place to retreat from daily life.

By creating an efficient home office, homeowners can increase their property value while simultaneously improving their current living space.These tips can help anyone create an efficient home office:

Design a Home Office Where Privacy is the Top Priority

A home office should be an escape from the rest of the household, where people may be cooking, cleaning, playing or watching the game on TV. Privacy

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Should I Buy a Home with a Septic System?Homes with a septic system in Canada are actually better for the environment because there's less risk of raw sewage seeping into the environment. However, septic systems also come with specific responsibilities for the homeowners that they should know before going any further. For those considering buying a home with an older septic system, keep these tips in mind before putting in an offer.

Septic System Requirements

Canadian homeowners are required to follow the building codes laid out by their neighborhood. These regulations may vary from block to block, but buyers should think about the following:

  • State of the system: A septic system will last for about 25 years. The homeowners should know the condition of the system, especially if
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4 Buyer Red Flags All Sellers Need To KnowSelling a home is a big endeavor that no homeowner takes lightly. But sometimes, finding a buyer can be difficult, especially if the market is cold, and that can make homeowners feel like if they don’t sell to the first person who makes an offer, the home won’t get sold. This is a common but misinformed mindset because not every buyer is a good buyer, and sellers need to be aware of the signs that a buyer may cause trouble and hurt the sale of the home. Here are some telltale warning signs that all sellers need to know when considering offers.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Buyer Is Only Pre-Qualified For a Loan

When setting out to

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Red Flags to Watch for When Purchasing a New HomeShopping for homes can leave your mind spinning. Knowing what to look for can help you weed out the properties with serious structural damage or maintenance problems. If you're looking for a turn-key property and a smooth buying experience, watch for these warning signs when going to home showings.

Deferred Maintenance

Deferred maintenance can take many forms. A drippy faucet, cracked window, or a puncture hole in the wall are all signs that a homeowner has been neglecting their maintenance duties. While these problems may seem small, they can be a sign of larger poor maintenance practices.

Homeowners often fix up their home before putting it on the market. Those that neglect to do this may have other poor maintenance practices that could lead

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What You Need to Know About Deferred MaintenanceTo be safe for human habitation, homes need to be properly maintained. Homes that are not properly maintained may be plagued by plumbing leaks, electrical problems, structural damage and more.

Homes that have a lot of deferred maintenance can decrease in value, because many home buyers are reluctant to purchase a home with serious deferred maintenance. If your home has a lot of deferred maintenance, you may have a difficult time selling your property. Here's what you need to know.

Why Deferred Maintenance Is a Problem

Small problems become large ones when they're not addressed in a timely manner. Plumbing leaks are one of the best examples of how a minor problem can become significant in a short period.

Plumbing leaks can cause wood in the

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