Buy A House After A Divorce?
Divorce can be challenging both emotionally and financially. Since the marital home is a couple?s largest asset it is often a tough decision during a divorce of what to do with home. Keep it and buy your ex out or sell it off and split the equity. Once you make the decision to sell, there are many factors you need to consider whether you can purchase a home on your own or if you will have to rent for a while until you are in a better financial position.
It is no ...
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When selling a home during a divorce there are a few different options that a divorcing couple can decide on. It?s important to think about all the options that are available and to select the best option. Below are three of the most common options to choose from when selling a home during a divorce.
1. One of the spouses ?buys out? the other
One of the spouses takes over the full responsibility of the home. In order to do this, the spouse who is buying the other out will have to pay a lump ...
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posted in General
at Sun, 12 Feb 2017 15:01:58 -0800
MOVING WITH CHILDREN 10 TIPS FOR A STRESS-FREE MOVE!
I am a Mother of 2 small children and just completed a move myself. I know planning a move can be difficult but planning a move with small children can be over whelming. Now that you made the decision to move, the best way to approach it is to take it step by step and not look at the whole picture and cannot stress enough, to be prepared. Whether you are moving out of province or just down the street, children are never thrilled by such an ...
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MORTGAGE DEFAULT INSURANCEIf you obtain a high-ratio mortgage (a mortgage where you pay less than 20% down payment) you will have to buy mortgage loan insurance from CMHC or a private company. If you qualify for a 5% down payment, CMHC charges an insurance fee that equals 3.75% of the mortgage. If you put 10% or 15% down, your insurance fees will decrease to 2.5% and 2% respectively. The insurance premium is usually added to your mortgage principal amount on closing, this way you do not have ...
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posted in General
at Tue, 23 Sep 2014 14:57:40 -0700
A Realtor®, will be acting as your eyes, ears and voice throughout the Home buying process and acting in your best interests. A Realtor® will help you, have knowledge and have access to information that will make you make a smart buying decision. Some of those points are as follows:
? Represent you as a buyer
? Offer you all Comparable information to establish right price
? Educate you about the current market conditions
? Discuss and analyze your wants and needs ...
posted in General
at Thu, 18 Sep 2014 18:26:50 -0700
It is very important to find the right tenants for your rental property and avoid problems from the start. If you are a property investor and have rental properties or are looking to invest in a rental property here are some great tips to screening your prospective tenants.
http://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/
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at Sat, 06 Sep 2014 11:12:23 -0700
Lighting is so important when showing your home to potential buyers. It sets the ambiance and mood created in the home and gives buyers the homey feel. Let the potential buyers imagine themselves living in your house.
posted in General
at Fri, 29 Aug 2014 12:09:58 -0700
Buying a home is one of the most biggest decision you will ever make. Choosing the right professionals to be on your team is very important. The following are the professional that should be on your Home Buying Team:
Real estate Agent - will help you find a home, write an Offer, negotiate a purchase on your behalf and help you throughout the whole proccess. Choose the agent you want to work with and don?t be afraid to ask questions.
Mortgage Specialist - choose to work with a mortgage broker ...
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posted in General
at Thu, 12 Jun 2014 11:10:32 -0700
Two B.C. cities have won top spots on a list of Canada?s investment hot spots, according to a recent report from Business Review Canada.
The review broke down Canada?s regional economies by province, and then dug deeper to find emerging markets in small to mid-size communities ripe with opportunity for investors.
When the dust had settled, the B.C. communities of Maple Ridge & Pitt Meadows, along with Surrey, came out on the top of the ranking. They share the honour with Red Deer, Alta., and ...
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Finance Minister Jim Flaherty announced Wednesday that there will be no more tightening of mortgage rules, following a series of revisions beginning in January.
Speaking from the heart of California?s Silicon Valley, Flaherty said he was happy with the results of recent changes such as lowering the cap on amortization terms.
"There has been some softening in the past month or so,? he said. ?So right now there is no intention to intervene again.?
Canada?s over-heating housing market has long ...
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Consistent demand and high lease values in Vancouver's downtown office and retail property markets combined with low interest rates continue to fuel a sizzling investment market.
"I don't think I've ever seen the investment market this robust, vibrant and strong. We get multiple bids on everything and anything," says Ross Moore, director of research for CBRE Canada.
"There are so many groups that want to buy - every Canadian pension fund, and probably 30 Vancouver families that have been ...
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at Wed, 01 Aug 2012 08:54:21 -0700
Greater Vancouver housing sales hit a 10-year low in May, dragged down by plunging sales of high-priced homes in West Vancouver, Richmond, and on Vancouver?s pricey west side.
May sales figures show that detached-home sales fell 59 per cent in West Vancouver, 46 per cent on the west side of Vancouver, and 25 per cent in Richmond.
Overall sales of detached homes, townhouses and condos fell 15 per cent compared to 2011, making this the bleakest real-estate May since 2001.
Eugen Klein, president ...
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Just added this listing:"Beautiful custom built (2x6 construction) Tudor style rancher centrally located in very desirable sunny Tsawwassen. Great location in a great neighborhood, walking distance to schools, shopping, parks and recreation. This well cared for 3 bedroom 2 bath home features west exposure private landscaped backyard complete with pond and retractable awning, spacious master with 3 piece ensuite, double garage, kitchen with joining family room and a incredible curb appeal. ...
posted in Listings
at Wed, 16 May 2012 05:00:00 -0700
Get the facts about selling your own home
1. Safety -Do you really know who's in your home? A professional Realtor tracks who goes through your home and when. A lockbox is installed so that only agents who register through John's office have access to the entry code.
2. Setting Price Too LOW - Market conditions can change daily. Without the proper comparable sales that a Realtor has access to it is very difficult to determine a true market value.
3. Setting Price Too HIGH - Almost all sellers ...
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posted in General
at Thu, 18 Aug 2011 10:55:18 -0700
The Canadian Real Estate Association has revised its forecast for national home resales in 2011, citing stronger than expected activity and prices in the second quarter.
There have been very strong sales in the GTA, with a drop in the number of new listings.
"As a result, there's been a little bit more competition btwn home buyers and that's putting continued upward pressure on pricing," Jason Mercer, with the Toronto Real Estate Board said.
With the turbulence on the stock markets the Canadian ...
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BY BRYAN YU, SPECIAL TO THE SUN
A rise in multi-family construction pushed housing starts higher in the province in July.
Total housing starts rose to a seasonally adjusted annualized rate of 30,000 units, up 29 per cent from June and 33 per cent above July 2010. Aggregate new home activity has been highly volatile since early 2010, fluctuating around an average of 26,400 units.
In B.C.'s urban areas, multi-family starts rose 48 per cent from June to reach an annualized rate of 20,800 units, ...
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Conference board senior economist suggests the situation facing homebuyers is 'less dire than at first glance'
By Brian Morton, Vancouver Sun
A Conference Board of Canada senior economist has suggested there are affordable deals in Metro Vancouver's expensive housing market, but is that the case?
There are, if you're willing to be flexible.
June real estate numbers revealed a wide discrepancy in benchmark prices (the cost of a typical home) throughout the region, with significant savings ...
By Tony Wong | Tue Jul 19 2011
New home sales in the Greater Toronto Area are mirroring the heat wave blanketing the city.
Sales were up by a sizzling 53 per cent in June, representing 4,681 units, compared with the same month a year earlier of 3,050, according to figures released by RealNet Canada Inc. Tuesday.
Much of the increase was due to condominium sales, which have powered the new home market. Nearly two thirds of all sales in June were condos, up from the historical norm of about 40 ...
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posted in General
at Mon, 15 Aug 2011 15:47:49 -0700
by Laurent Vu The
VANCOUVER, July 20, 2011 (AFP) - Its quality of life is routinely ranked among the best in the world, but that's only one reason Vancouver real estate prices are red hot.
Wealthy Chinese anxious to raise their families in the West are bidding up the city's limited number of properties in fashionable West Vancouver, sending prices in the city soaring more than 50 percent in the past three years.
Last year, Canada issued 1,600 visas to Chinese investors looking to move to ...
West Vancouver real estate market out of step with rest of Lower MainlandBY JAMES WELDON, NORTH SHORE NEWS
When real estate agent Mike Oxley held an open house on Haywood Avenue last month, he knew that the flat Ambleside view property was going to be a popular item.
He didn't know how popular, however.
By the end of a weekend that saw an estimated 500 prospective buyers view the home, the owners had received 26 offers. The house, which as a structure had little value, ultimately sold for $1.57 ...
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