Short sales in Alberta are typically undertaken by homeowners looking to prevent their home from going into foreclosure. However, not everyone understands how they work or what they ultimately mean for the sellers of the property. From credit scores to final sale price, find out more about how Alberta short sales operate for the lenders, buyers, and sellers.
For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.
Striking a Deal with the Lender
When a home is getting ready to go into foreclosure, it's the lender's job to take back the property and sell it. The lender is in the business of finance—not in the business of real estate. The last thing they want to do is hire a
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Whether you should pay off your house before retiring is a complicated topic; honestly, there are no right and wrong answers to this one. It all depends on how large your mortgage is, how big your monthly or bi-monthly payments are, how much you have in RRSPs and other investments, and how much income you expect to have once you hang up the gloves.
Home sellers may have very different ideas about what they need to share with potential buyers. Some may want to give the buyers all the information they could ever want to know, while others would prefer to keep the conversations to the bare minimum. It's why local legislators decided to impose a few guidelines to protect the buyers and promote honesty among the sellers. Those getting ready to put their home on the market and market it to sell should keep the following in mind.
In the midst of buying a new home, many buyers will start to make plans for home improvements. These plans usually require a lot of DIY work. To get the work done, homeowners must have tools. These tools are critical for the first year of homeownership.
Through their many loan products, lenders allow homeowners to refinance their home loans and secure better terms. Through this process, homeowners may acquire a lower interest rate, saving themselves lots of money across the life of their loan. Or they may unlock equity in their home to cover an upcoming large purchase, such as home improvements. Before taking this step, however, it is important for homeowners to learn all the key things to know about refinancing a home loan. Get started with this guide.
Home roofing damage can present many concerns, and some are far more serious than others. However, resolving home roofing problems immediately is often essential to protecting the structural soundness of the home in addition to interior spaces, as well as helping to sell the home. Here are some common issues and a few roof damage tips to get homeowners started.