Tagged : buyers

Found 275 blog entries tagged as "buyers".

Canadians and Covid19 finance tipsIf you have questions about the coronavirus and how the current situation might impact your finances, you’re not alone.

We’ve all heard the words “unprecedented times” more than ever over the last month. While we deal with so much uncertainty around us, it’s important to recognize that there are still actions we can take to help protect ourselves.

With financial markets crashing and the loss of a number of jobs, Canadians are questioning their financial future. It is yet to be determined the real economic impact of the coronavirus as data is changing quickly with limited time to analyze. There are indications that joblessness will increase in the short term, which can be scary; however, the government and lenders are stepping up to aid households in

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Canadian credit scoreYour credit scores are an important aspect of your financial profile.

They may be used to determine some of the most important financial factors in your life, such as whether you’ll be able to lease a vehicle, qualify for a mortgage or even land that cool new job.

And considering 71 percent of Canadian families carry debt in some form (think mortgages, car loans, lines of credit, personal loans or student debt), good credit health should be a part of your current and future plans.  High, low, positive, negative – there’s more to your scores than you might think. And depending on where your numbers fall, your lending and credit options will vary. So what is a good credit score? What about a great one? Let’s take a look at the numbers.

In a

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BC real estate newsSharp drop in B.C. home sales should be followed by steady recovery: BCREA

Ban on open houses foreshadows short- to mid-term trouble for property sales, as COVID-19 infects all aspects of the market

As COVID-19 makes its way around the globe, it is also bulldozing its way through the economy.  While airlines and event venues were the first to be infected, many are anxious about how the virus will affect other parts of the economy, including the real estate market – which made up 17.4 per cent of B.C.’s GDP in 2018.

Earlier this month, B.C. real estate brokers cancelled all open houses. When houses aren’t shown they become more difficult to sell, and when houses aren’t selling the broader market suffers. While the outlook doesn’t look good, it is

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Is it better to rent than own in Kelowna?There are certainly benefits to owning your own home. You can make payments toward a long-term investment, make any changes or upgrades you desire, and have a stable place to call home, just to name a few. What is not always so clear are the benefits of renting. Not everyone is in a position to buy a home and sometimes it just makes more sense to rent. It would be a smarter financial decision to rent temporarily before buying a home you’re not ready for. Here are some circumstances in which it makes more sense to rent.

When does it make more sense to rent? You may want to rent if…

You’re not sure which neighborhood/city/province you want to live in.

Location is a large part of purchasing a home. When you buy a home, you’re not only investing in

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The rental market is booming.

Kelowna Rental PropertyRenters are turning to extended leases as a cost-effective alternative to save for their future home purchases. Plus, with the current crazy increases in property values in Vancouver and Toronto that are creating more and more renters on the market. The high demand for rentals yields increased profits for rental property owners who can charge higher rents. As always a local real estate agent will help you with your decisions and make the search for the right property easier.

Considering entering the property management industry? Use these 10 tips to get started.

Invest Long-Term

View purchasing a rental property as a long-term investment. A short stint in the property management industry is not likely to generate

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Kelowna NeighbourhoodsSo you’re looking to buy a new house – and pouring over all of the great real estate offerings in the Kelowna Area.

Each property slideshow conjures images of a new era of domestic bliss in your mind. It’s an exciting time, full of possibilities. But while you’re envisioning yourself in that new place, don’t forget to consider the big picture. You’ll be calling a new neighbourhood “home” too.

Read on to determine what information you need to know about choosing your new neighbourhood.

It’s not merely a question of “good neighbourhoods” and “bad neighbourhoods”. What you want, ideally, is a neighbourhood that offers the specific qualities required to enrich your life (both now and during the years to come). Those requirements will vary greatly

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Rent to own in CanadaRent-to-own is an alternative route to home ownership for those who can’t obtain financing due to poor credit or because they don’t have enough money for a down payment (or both).

Most Canadians probably haven’t heard about rent-to-own housing. Unlike the U.S., this arrangement is still not that common in Canada.

What is a rent to own home?  It’s pretty much exactly as it sounds.  It’s where an investor, or home owner, rents out their property to a tenant, but gives the tenant the “option” to purchase the home after a certain period of time at a predetermined price. The idea is that you rent a home for a certain period of time with the goal of buying the property at the end of your lease. If all goes according to plan, by then you’ll have repaired

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How to choose your Kelowna Realtor

Are your instincts telling you that you have the wrong Realtor? Trust those instincts and watch out for these telltale signs you’re working with the wrong person

There are many wonderful REALTORS® out there who work hard for their clients and help them with every detail of their transaction, but this type of service isn't always guaranteed.

Perhaps you’re preparing to list your home or currently searching for a new one. Either way, it’s absolutely essential that you hire the right Realtor for the job. The home purchase and sale process can stress out buyers and sellers, including their agents and brokers. This stress can be caused or amplified when personalities clash or when the real estate transaction does not go as planned.

Your agent will

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Kamloops Septic Systems ExplainedThis article provides you with advice for people who are considering the purchase of a home with a private septic system, both in terms of testing and inspecting the system to make sure that it is functional and passes local standards of operation.

Obviously, there is no test that will guarantee that all of the defects have been purged from a septic system. However, regular inspections can minimize your chances of getting septic failure – which can lead to hazardous conditions and significant cost for repairs – not to mention provincial fines that come when you have let your system get out of inspection.

So, as the buyer, there are several questions you should ask about the system.

  1. How long ago was the property built?
  2. Does anyone occupy the
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First time home buyerBuying your first house can feel overwhelming, but it’s oh-so-worth-it to leave the rental life behind.

We break down the process for you to help get you on the right path to living in your dream home.

1. Save, save, save

First things first: You need to start a savings fund for your home purchase. “Home buyers should have at least 10 percent of the purchase price of the home in their savings account,” says Randall Yates, CEO, The Lenders Network. “In addition, lenders like to see at least two to three months’ worth of mortgage payments in reserves.”

There are also different types of mortgage programs available for new or low-income buyers that require a lower down payment, so be sure to research your qualifications for these programs while

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