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First-Time Home Buyer Incentive – Application Documents Now Available

As of September 2nd 2019, Canadians interested in the First-Time Home Buyer Incentive can submit their applications for a shared equity mortgage with the Government of Canada.

Click here to access key documents you’ll need to review before you apply.

For additional information about the incentive, visit:
www.placetocallhome.ca

Guides

Homebuying Step by Step Guide and Workbook (Everything you need to help you buy a home, including worksheets, calculators and checklists)
Condo Buyer’s Guide (Detailed information on buying a condominium)
Newcomers’ Buying Guides (Homebuying information available in 8 different languages!)

Calculators

Affordability Calculator (Estimate how much mortgage you can afford)
Debt Service Calculator (Compare monthly debt payments and expenses to income)
Mortgage Calculator (Explore rates, payment frequency, amortization options and more)

Mortgage Loan Insurance

What is it and how much does it cost?

Making the Switch: 4 Reasons to Move In to a Larger Home

Moving on from your current home is an eventuality you’ll have to face.

Every family has to move on to newer, more convenient homes at some point. But how do you know exactly if it’s the right time to make the move?

Here are a few indications you need to know:

You’re aching for new sights
Maybe the sight of your old home has started to look a little dull. It’s not as vibrant as you first moved in. Time has really taken its toll on your humble abode, giving you a good reason to jump ship.

It’s time for a much-needed change in atmosphere. You might be itching to move to a new neighborhood that has a lot more energy. You might also opt for a place where you can get constantly inspired. Whatever the reason, you need to be somewhere that makes you and your family comfortable.The sooner you realize it the better.

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The Government of Canada released a number of tools for First-Time Home Buyer Incentive program

The Government of Canada released a number of tools and resources on the First-Time Home Buyer Incentive program page.

Here’s a list of the items you can expect to find:

An Eligibility Calculator to test and evaluate different financial scenarios and view their impact on mortgage payments.

A Product Highlight Sheet (PDF) including a summary of key program details in a format that is easy to download, print and share.

A Journey Map breaking down the application process step by step.

An Application Process diagram (PDF) showing the interactions between all of the parties involved. (Available on desktop only).

In addition, live training sessions will be available to ensure home buyers and industry professionals alike have access to the latest tools and information pertaining to the Incentive. Three separate sessions will cover Qualification, Application Submission and Funding, plus a live Q&A period. Click here to view the full training schedule and to register for a session.

For all this and more, visit: www.placetocallhome.ca

Why Lighting Matters in Selling Your Home

The house you’re selling is a stage where proper lighting will determine if it gets to be sold or not. Just like a ballet recital, lighting guides potential buyers to the best features of your home. Clearly, it’s something you wouldn’t want to downplay when you’re preparing for a home tour.

Lighting adds depth to your home. It can make certain areas of the house seem larger or smaller. If you know how to play with your lighting right, you can convince buyers to finally move in.

If you want to add better lighting to your home for sale, then there might be certain rooms where the choice of lighting can add a certain effect. Closets and storage areas, for one, may need to be well-lit. You may also need to improve the lighting in your bedrooms to underscore intimacy and privacy. If you own a large home, install adequate in the hallway.

Making these areas look presentable would require some new lights. The right kind of lighting always requires some experimentation on your part. You may want to install bulbs of lower or higher wattage, depending on the effect you want to achieve. During the daytime, you can make full use of natural lighting by opening your windows and drapes.

Want more tips on home selling? Check our other blogs!

How to Make Your Home Sale Less Hectic

Of all real estate processes, selling your home has got to be the easiest. All you have to do is have your realtor set it up for the MLS, right? Well, it’s more complicated than that actually. Sure enough, you wouldn’t want to get overly excited about selling your home and ignore every other detail. Without much preparation, you are left with a home that doesn’t generate potential buyers. Worst case scenario: You’re home stays on the market as it depreciates. You might want to be extra careful when it comes to prepping your home for a sale. Here are a few things to keep in mind:

Keep your property presentable

People are drawn to items that are new. Likewise, buyers are more likely to purchase your home if it looks fresh. That said, you can start by repainting your walls or fixing broken sections of your roofing. An updated appearance will certainly entice the right people to purchase your home.

Don’t be there during a viewing

As much as you want to point out the best features of your home during a viewing, it’s best to be around when a viewing is in progress. Otherwise, you’d be turning away potential buyers who are just about to consider purchasing your home.

Get a good price for the property

Pricing your home is a minefield. You would want to set an amount that won’t turn away buyers or cause you to lose money regardless of your home’s actual market value. Home valuation is important when you’re selling your home, so make sure you work with a realtor to help you determine your home’s market value and adjust it to the right selling price.

Make yourself available

When it comes to setting appointments with home buyers, you will need to let them know that you’re interested in what they can offer. So, always find time to accommodate people who might push through with the transaction. Have your realtor set priority meetings so you won’t waste a second looking for the right buyers.

Need help with selling your home? Look for a realtor that will best represent your interests and make sure you close a deal without much hassle.

Prepping for a Home Sale? Start with a Clean Slate

There will come a time when you have to move to another location. That means you will have to put your home up for sale.  

Apart from keeping it neat and improving its appearance, you should also make sure that your home is ready to accommodate new occupants. In other words, you will have to clear every room and area of your personal items.

Let’s take a closer look at how you can go about this:

1. Declutter
Do you have too many knick-knacks on display? Any memorabilia, perhaps? If you do, it’s best to gather all of them and empty out your rooms. This gives home buyers a feeling that they can do whatever they want with the design. 
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The Big Deal About Curb Appeal

We’re always told not judge a book by its cover, but this is not always the case when selling a home.

First impressions matter, and to get buyers to notice your home and make them want to take a closer look, you will need to focus on improving the property’s curb appeal.

Curb appeal simply refers to how attractive your home looks based on its exterior. Everything from your porch to the appearance of your roof can impress a home buyer. On the other hand, poor curb appeal could make your home less competitive or, worse, unsalable.

So, invest in these home improvement projects to boost curb appeal:

Do landscaping

Planting flowers and hedges, adding water features, and maintaining a lush lawn will benefit your property handsomely by giving it a more refreshing and relaxed look.

Repaint your doors and windows

Give these openings a new look with a fresh coat of paint. You might also add a coat of varnish to liven up wooden thresholds and frames.

Repair broken shingles

Does your roof have broken shingles as a result of extreme weather or damages by tree branches? Give your roof a much-needed update by replacing broken singles or, if you can, replace your roofing material altogether.

Give your exterior a new color

Paint your exterior walls with trendy colors. But if you’re not a fan of pastel palettes, you can always use neutral colors like white or grey.

Rehabilitate your garage and walkways

When was the last time you clean your garage? If you’re planning to sell your home, now’s the right time to repair that broken garage door and cover up holes on the roof. For good measure, cover up cracks on your walkways and scrub off any grime or grease.

Sell your home the right way! Give us a call and we’ll give you the advice you need to find the right buyers!

How to Keep Tabs on Your Home Maintenance Expenses

The prospect of living in your own home may seem like a good reason to get really excited. Then again, your dream home would still experience a process of wear and tear.

Indeed, your journey as a first-time homeowner doesn’t end with a done deal. You still have taxes to pay, a mortgage to shoulder, and potential maintenance issues that will leave you bone dry if you haven’t prepared well for it.

That said, it pays to know how much you’ll be spending on maintenance and repair costs.

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What is Neighborhood Targeting and Why Does it Matter?

Buying a house may seem like a simple activity, but in reality, a lot of thought is put into the process.

Homeowners know this all too well. They have an ideal home in mind, but they still have to stick to whatever resources they have on hand. This makes it even harder for them to search for the right homes for the best price.

Still, there’s a simple trick to get around this problem, and it involves keeping tabs on an area you want to move into. Enter neighborhood targeting.

What is neighborhood targeting?
When you shop around for a home, you don’t select one out of impulse. It actually takes a great deal of vetting before you find a piece of property you’d love.

That said, you would bide your time, waiting until an ideal property shows up in the listings. It’s only a matter of keeping a constant eye on the market. This practice is known as neighborhood targeting and it’s effective for when you need to look for a property in the community you love.

With neighborhood targeting, you increase your chances of purchasing a home that matches your preferences in terms of the amenities you want as well your ideal cost.

Think of it as something similar to hunting ducks. It takes patience and careful timing. Sometimes, you have to wait for an extensive period of time. It takes a long while, but it’s nothing compared to the satisfaction of seeing your targets reveal themselves!

Targeting done right
For sure, you don’t have time to be able to monitor a neighborhood until the right homes come along.

In this case, you will need someone to take a watchful eye, like a duck hunter waiting among the groves.

Want to live in a neighborhood you want but you can’t find time to wait for the right home to settle in? Contact me, and I’ll have my eyes and ears open for you.

5 Ways to Prep Your Home for a Sale this Year

Home staging is an essential part of selling a home. It involves making improvements and handling repairs that will impress potential buyers and set a higher selling price.
Sure enough, home staging has to be done right so you will be able to secure a good price for your home.Let’s take a look at some of the most important ways to consider in prepping your home for the market.

1. Varnish old wooden furniture
If you have any hardwood fixtures in the living room, you might as well give them a new lease on life by varnishing. Go for a polyurethane varnish which can add an extra layer of protection to dilapidated wood and give your furniture a nice glossy finish.

2. Add some plants and flowers
Another way to give life to your interiors is through potter plants and flowers. Sure enough, you can’t really leave out succulents since they are ideal for indoor conditions. Aside from succulents, you can also opt for potted trees such as the Pygmy date palm and pachira money tree.

3. Reduce all that clutter
If you’re inviting people over for an open house, you might want to tidy up the place a bit. People are more likely to buy your home if they can visualize themselves living in it. Your personal items will only serve as distractions, so it’s best that you store them away.

4. Add new accessories
Give your rooms a touch of sophistication by replacing the curtains and buying new throw pillows for your couches. You might also get a new coffee table and add a few more shelves, just in case a buyer is an avid fan of reading.

5. Make your front door inviting
Before potential buyers set foot inside the house, they need to go through the entrance first. With this in mind, your front door should never fail to impress, so it helps if you give it a fresh coat of paint and an ornate door knocker.

For more tips on how you can set your home up for sale, give us a call today to schedule a FREE consultation.