|Buying a Home? Beware of The Hidden Costs of Homeownership|
Anyone who owns a home knows that there are many additional costs associated with owning a home. Many first-time homeowners base their decision to buy a home on their ability to make the monthly mortgage payments. In fact, there are many other costs that go into owning a home than just the mortgage payment.
11 Fattest Lies About the Real Estate Industry
1. A referral is the best way to get a Realtor
Simply trusting that a Realtor has your best interests at heart can lead to disappointment. Your needs are unique. Qualify all Realtors to ensure they are competent and motivated to properly represent you.
2. Pay off your mortgage quickly
If you reduce your payment or simply pay interest only (secure line of credit) and invest the savings into a compounding interest account, your savings will be much higher than the value of your original mortgage.
3. You don’t qualify for a mortgage
Regardless of your credit or income, anyone can purchase a house. Options such as joint ventures, vendor financing, second mortgages, and many more, provide…
When should I sell? How can I make sure that I will get the most for my home? I can’t afford to own two homes, so how can I be sure I don’t get stuck with my house?
Timing is a critical factor in determining the amount of money you can expect to get for your home. It is important to note that we are discussing a free, “no labour required” way to add thousands to the price of your home. Before figuring out when we should sell, we need to understand the two primary factors that will determine how effectively you can maximize your return in regards to timing; Supply & Demand and Motivation.
Supply & Demand
There are certain laws in life that are always right and never wrong. The principle of supply & demand is one of them. When there are more…