The proliferation of services that help homebuyers and sellers complete their own real estate transactions is relatively recent, and it may have you wondering whether using a real estate agent is becoming a relic of a bygone era. While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go–and could end up being more costly than a realtor’s commission in the long run. Buying or sell
The local housing market is expected to record another banner year thanks to a strong economy and influx of first-time homebuyers, the Windsor-Essex County Association of Realtors (WECAR) said Wednesday. The upcoming year will see a larger percentage of 25-to-34 year olds purchasing their first homes, association president Norman Langlois said in a statement. Job growth and lower unemployment rates also will fuel housing demand, Langlois said. Over the last three months the a
Since 2008, the federal government has made several changes to the rules for mortgages insured through the Canada Mortgage and Housing Corporation (CMHC) and other private sector mortgage insurance providers. These rules affect home buyers with less than a 20 per cent down payment, which include many first-time home buyers in Canada. The changes include the following: The maximum amortization period has been reduced to 25 years from 40 years. Home buyers must have a down paym
With all of the TV shows regarding real estate flips and income properties these days, it seems that more and more people are finding an interest in real estate investment. But is it as easy as they make it look on TV? In my opinion, the answer is: Sometimes.
I once heard a great analogy that finding a good real estate income property is like finding the right blue chip stock. It's not something that is going to show you huge returns overnight, but in the long run, it will
They call it a sellers market for a reason. If you are considering selling your home, now is the time! I'm sure you've read the papers and heard the buzz about our hot local market and the bidding wars that have ensued these last couple of years. With interest rates so low, there are just so many buyers looking to take advantage and not enough inventory to accomodate them. I'm currently looking for homes for my clients in Tecumseh ($275k-$450K), Belle River ($275k-$350k), Lak