Condos vs Freehold Ownership – Explained

This article will address the two major categories of home ownership – Condominium and Freehold. The aim is to dig deep into these two ownership types and describe the differences and what each one has to offer to make an educated buying decision. Condominium Home A condo property can be a high rise multi-level condo, a low-rise condo, 2-story or …

Pillars of Buying

Four Pillars of Home Buying

In this write-up, we will review what are the four most important factors to consider when buying a home for ownership or as an investment. Location – The location of a home plays a very important role in the future growth and Return on Investment of a property. How is the average family income of the neighborhood, what is the …

Leverage In Home Ownership

What does Leverage mean in Real Estate Investments? In this article, I will try to highlight the two most important concepts which make Real Estate investments stand out: Leverage and Capital Gains Exemption. Home ownership is often referred to as opening up a mandatory saving bank account, with every mortgage payment you are having your equity increased in the property. …

Home Inspection 101

Importance of Home Inspection in the process of buying/selling a home cannot be undermined. A Home Inspector will ensure to verify that the systems and the foundations of the home are free from critical damages, that may increase your cost of ownership and maintenance in the future. As a buyer when we put an offer for purchasing a property we …

Listing, The Right Way

Selling a home is a project which if planned and executed right can reap the due benefits by allowing us to sell the property in less amount of time and at a reasonable price. The first and most crucial step in selling a property is its evaluation and agreeing on the right Pricing which is fair in the current market …

Understanding Mortgage Qualification

Understanding Mortgage Qualification

When we decide to own a home or purchase a property, the first step is to get the qualification done from a financial institution. In this article, we will determine what happens in the background and how a lender determines our qualification. This will help you to better understand the process and be well prepared for the eligibility even before …

Understanding – Ontario Land Transfer Taxes

When a property exchanges hands in Ontario, Land Transfer Tax is paid to the government at the time to title registration or transfer of deed in the new buyer’s name. In this write-up, we will explore and try to make it clear for buyers how that calculation is done with an example. Below are the rate slabs used in the …

BuySellFirst

Should I Buy First or Sell First – Simplified

Working in Real Estate industry this scenario comes more often for move-up and move-over buyers, the dilemma whether to sell or buy first. In this article, I will try to explain the possible solutions and the ideal way to approach this. We will also discuss various markets and how this should be tackled. In the perfect scenario, one should always …

Home Pricing for Sellers – Simplified

For the Sellers, there is a checklist which one needs to take care to put the home on the market, but nothing is more critical than the pricing strategy when you decide to sell a home. In this article, we will try to explore why the pricing is so important and discuss some pricing strategies one can adopt for sale. …

How Income Properties Work

In this write-up, I will try to go through the basics of Revenue properties and what we should keep in mind when trying to make a decision and before signing on the dotted line. The three principal benefits of Realty Investments are for generation of Capital growth as the value of assets increases over time, Rental income to offset any costs associated …

Understanding Your Closing Costs

In this article we will try to understand the Closing Costs associated with a Real Estate Transaction, often buyers especially the first time home buyers have questions around how these work and what they can put aside to ensure they are prepared. The approach we will follow here is to break-up the Closing Costs into various components and explain them one-by-one, …

Top 5 Tips for Sellers

In this post we will explore the most important considerations when you are in the market to sell your home and make the next big move. There are many aspects which you need to work on, here I am covering the top five items which should set you on right course for selling in less time and at good price: Price It …

Home Buyers Plan – RRSP Withdrawal Benefit for First Time Home Buyers

In this write up we will try to get clarity around one excellent instrument for First Time Home Buyers given by Canada Revenue Agency. And this often gets ignored due to poor planning around first home purchase. If you are a first time home buyer government provides RRSP withdrawal plan (Home Buyers Plan – HBP), this withdrawal can be used …

Mechanics of Renting Vs Buying

With this article we will try to be as objective as possible to answer the question by discussing all arguments on buying vs renting, and weigh the options for their merits. There is no straight answer to this, however, based on the below it would make easier for you to consider your personal situation and see what works best for …

Understanding Your Property Taxes

When dealing with Real Estate Residential the question which frequently comes across is How are Property Taxes are calculated for a home. In this article I will try to address that.   There are two prime factors which are involved in calculation of property tax, before we go into specifics of each one of these: Phased-In Current Value Assessment (CVA) Total Tax Rate …