Found 15 blog entries tagged as home inspection.

Welcome, future homeowners! Embarking on the journey of purchasing your first home is both thrilling and overwhelming. At RE/MAX Infinity, we understand the importance of finding the right home at the right price. In this article, we'll provide you with insightful and accurate tips that are not only informative but also enjoyable. So, let's dive in and discover how you can ensure you're getting a fair deal as a first-time homebuyer.

Develop Your Market Awareness

To become a savvy homebuyer, it's crucial to familiarize yourself with the local real estate market. Begin by researching the average prices of homes in your desired area. Pay attention to any fluctuations or properties that linger on the market for an extended period. This knowledge…

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When it comes to purchasing a new home, it's essential to make informed decisions to protect your investment and ensure your safety and well-being. One crucial step in the homebuying process is conducting a thorough home inspection before finalizing the deal. In this blog, we'll explore why home inspections are vital for homebuyers.

Understanding the Home Inspection Process

Before diving into the significance of home inspections, it's crucial to grasp what this process entails. A home inspection is a comprehensive evaluation of a property's condition, conducted by a professional home inspector. This inspection aims to identify any potential issues, such as structural problems, faulty electrical systems, plumbing defects, or hidden damages, which…

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Buying your first home can be a daunting experience, but it's also an exciting milestone in your life. You might have heard about the challenges of homeownership, but don't worry, with the right preparation, you can become a confident homebuyer in no time. In this blog post, we'll explore some tips on how to prepare for buying your first home.

Set a Realistic Budget

Before embarking on your home buying journey, it's crucial to have a clear understanding of your financial situation. Take the time to review your income, expenses, and savings. Determine how much you can afford to spend on a home without putting yourself in financial jeopardy. Generally, your mortgage payment should not exceed 30% of your gross monthly income. Remember, your dream…

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Buying a home can be an exciting yet overwhelming experience, especially for first-time homebuyers. With so many decisions to make and factors to consider, it's easy to feel lost in the process. Let's take a look at some of the top questions that homebuyers ask and what they are searching for when it comes to buying real estate.

How much can I afford?

Your budget is determined by several factors, including your income, expenses, debt-to-income ratio, credit score, and down payment. Here's a closer look at each of these factors and how they can affect your budget:

  • Income: This takes into account your monthly income and expenses to determine how much of your income can go toward your mortgage payment.
  • Expenses: Including things like car…

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Are you thinking of selling your home? If so, there's one important step you shouldn't overlook: getting a pre-inspection. Pre-inspections are a great way to avoid any surprises during the selling process and make sure you get the best possible price for your home. Here are some of the benefits of getting a pre-inspection before listing your home.

Find problems before buyers do

If you're going to sell your home, you want to know what problems there are before potential buyers find them. A pre-inspection can help identify any issues that could negatively impact your sale. You can then fix them before you list your home, which can save you time and money in the long run.

Set a fair price for your home

A pre-inspection can help you set a…

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  1. Figure out how much you can afford to spend on a home, including mortgage payments, property taxes, and insurance.

  2. This will give you an idea of how much you can borrow and help you narrow down your search for a home.

  3. A good agent can help you find the right home, negotiate the price, and guide you through the buying process.

  4. Consider factors such as proximity to work, schools, and amenities, as well as the overall safety and desirability of the neighborhood.

  5. Before closing the deal, have a professional inspector examine the property to ensure there are no major issues that could cost you later on.

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How do I determine the value of property when selling it ?

Ans: To determine the value of your property, you can hire an appraiser, work with a real estate agent, or research comparable properties in your area.  RE/MAX Infinity offers you high end real estate representatives to help your home from being undervalued.

What should I do to prepare my home for sale ?

Ans: To prepare your home for sale, you should declutter, depersonalize, and make any necessary repairs. You may want to consider staging your home to sell it faster. RE/MAX Infinity Realty Inc offers highly experienced agents to help you connect with potential buyer in short duration of time.

How long does it typically take to sell a property ?

Ans: The length of time it takes to…

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selling in a balanced market

Here is something you may not have heard in a while: the Canadian real estate market is inching closer to balanced market conditions.

That’s right. After the buying frenzy in 2020 and 2021, Canada’s housing sector significantly cooled off in 2022, driven by the Bank of Canada (BoC) raising interest rates, which resulted in market uncertainty and many prospective buyers sitting on the sidelines. This allowed for overheating real estate market to get doused by eliminating the easy money era of the last few years.

Of course, one of the primary developments in all of this has been the shift away from the red-hot seller’s market.

According to the RE/MAX Canadian Real Estate Outlook 2023 report, 60 per cent of regions in the…

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As a first-time homebuyer, navigating the Canadian real estate market can be a daunting task. With fluctuating interest rates and housing prices, it’s essential to do your research and be prepared before making any significant investments. Here’s a guide to help you buy your first home in today’s market.

Determine your budget

Before you start looking for a home, it’s crucial to establish your budget. You should consider your income, debts, and other monthly expenses when determining how much you can afford to spend on a home. Experts suggest that your monthly mortgage payment should not exceed 30% of your income.

Check out our mortgage calculator!

Save for a down payment

Typically, you need a down payment of at least 5% of the…

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Buying a home as-is can be enticing. For those who’ve been struggling to get into the market, the price point can be more affordable. For others looking to buy when housing supply is low, it can present a viable avenue to explore. However, it’s important to bear in mind the decision to buy a home as-is works for some, but not for all.

Buying a home as-is means “the homeowner is selling the home in its current condition, and will make no repairs or improvements, before or after closing,” says Nick Kyte, a REALTOR® and salesperson in Ottawa, Ontario. “Essentially, what you see is what you get, but what you don’t see is also what you get.” 

When the correct steps are taken, buying a home this way could be a calculated and worthwhile risk that pays…

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