Archive for new mortgage rules in Canada 2016

REAL ESTATE TIPS: The 3 Main Factors That Lead to Overpricing Your Home for Sale

Understanding the factors that lead to incorrect pricing is vital when selling your home in Kitchener-Waterloo.

Don’t Lose Money When Selling Your Home!

Now that January is well underway, you’re reconsidering selling your house in Waterloo Region. You know that the market is hot and houses are selling for above asking price in many, many instances so now is a good time to sell, right?!

Don’t make the mistake of thinking that ANY home will sell at ANY price just because market conditions are favourable. You have a lot to lose by not pricing your home right the first time it hits the market. I’ve explained all of this in another video (you can watch it here: https://youtu.be/QyvvGq2qK_U).

It’s important to understand the factors that can lead to overpricing your home so that you are sure not to do it and end up losing money on the sale of your home. Watch my video here and benefit from my 21 years of real estate experience in Kitchener-Waterloo and the surrounding areas.

Find out how I’ve helped more than 2,500 families buy and sell homes in Kitchener-Waterloo by getting a copy of my free eBook here. Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

 

Real Estate Tips: How Experts Sell Your Home Fast and for More Money

I’m going to explain to you how Real Estate Experts sell homes faster and for more money. This is important information for you if you are selling your home in Kitchener-Waterloo and you want results. If you are looking to buy your dream home and currently own a house, before listing your home you can benefit from my 21 years of real estate expertise on this issue. Right from the top, does your agent tell you what to do with your home “before” it is listed? When a potential buyer is coming into your home for the first time they have to be able to put themselves in the picture to be able to buy your home. So what do we do to accomplish this?……

Watch this video for my complete answer to this home selling issue:

Click to hear my full response about how real estate experts sell your home for more money

Click to hear my full response about how real estate experts                               sell your home for more money

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by downloading my free eBook. Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

 

Real Estate Tips: Biggest Home Selling Mistakes

 

You don’t want to make these mistakes when selling your home!

In this video, I tell you what other Real Estate Agents won’t: the biggest mistakes that homeowners make when listing their home for sale. This is important information for you if you are selling your home in Kitchener-Waterloo. If you are looking to buy your dream home and currently own a house, you can benefit from my 21 years of real estate expertise in answering this crucial question.

 

 

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by getting a copy of my free eBook here. Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

 

How Experts Sell Your Kitchener-Waterloo Home Faster AND For More Money!

Selling your home FAST and for MORE MONEY. Can you have both?

In this article, I’m going to tell you how Real Estate Experts sell homes faster and for more money. This is important information for you if you are selling your home in Kitchener-Waterloo and you want results. If you are looking to buy your dream home and currently own a house, before listing your home you can benefit from my 21 years of real estate expertise on this issue. Right from the top, does your agent tell you what to do with your home “before” it is listed? When a potential buyer is coming into your home for the first time they have to be able to put themselves in the picture to be able to buy your home. So what do we do to accomplish this?

HOME SELLING TIPS 

⊕Depersonalize⊕ You want to depersonalize “mostly” which is not the same as depersonalizing “entirely.” Depersonalizing doesn’t mean you get rid of ALL of your family photos. Home sellers take this to the extreme and then you end up with a house on the market that doesn’t look lived in. Potential home buyers are less likely to be able to envision themselves in your home when all of your personal touches are removed.
Declutter⊕ This seems straight forward and instinctual when you are preparing your home to be viewed by hundreds of people online and dozens of families in person, yet we sometimes need to take this a step further. When you organize your belongings and throw out things you don’t need, you may find yourself in the position my wife and I were in when we sold our first home together. We found that we had SO much “stuff” that I convinced her we needed to rent a storage unit and move the storage bins and extra furniture into. She was hesitant at first but now is a convert after we sold that home in only a few weeks. By placing these belongings in storage, we were able to open up the space to make it more visually appealing.
⊕Staging⊕ How do you showcase your home to make the appealing features stand out? We partner with Rooms in Bloom Home Staging and these ladies will come into your home and This is a service that I pay for to ensure your home is on display in the best possible light. We make excellent use of the available space, open up rooms that may have felt confined, and if we have to we’ll bring in some items to “pimp your home.”

MARKETING YOUR HOME

How is your home marketed? What kind of marketing budget does your real estate agent have to not only help you to make your home look the best, but also for it to be photographed the best and then marketed effectivey online? We know everyone goes online first to look at houses so “how” your home shows online is important. Do your photos make your home look better than it actually does? That’s a big mistake! Misrepresentation (eg. making rooms look bigger than they really are) brings the wrong kind of home buyer into your home. I call this “lunchbox letdown.” Not representing your home accurately in photos and online descriptions will deter agents from bringing other interested parties to view your home.

PRICING YOUR HOME

The most vital component in the process of listing your home and ensuring it is sold in a short period of time and for the most money possible, is the listing price. In fact this issue is SO important I have an entire blog post dedicated to explaining it. You can read this article here or watch the video here: bit.ly/MMPricing. I have also included my

Click to hear my full response about how real estate experts sell your home for more money

Click to hear my full response about how real estate experts                               sell your home for more money

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by downloading my free eBook.  Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

Mark

Is NOW a Good Time to Buy a Home in Kitchener-Waterloo?

Is this really the best time to sell your home in Kitchener-Waterloo? With all of the competition for home buyers, is now a good time to buy a home in Waterloo Region? I address these questions in an informative Q&A session with one of my team members.

In this video, I’m answering questions about the current state of the real estate market in Waterloo region. This is important information for you if you are selling your home in Kitchener-Waterloo. If you are looking to buy your dream home and currently own a house, you can benefit from my 21 years of real estate expertise in answering timely questions about the market for home buyers. Click the video below to hear my answers to relevant questions for home sellers AND home buyers.

 

 

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by downloading my free eBook here. Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

Real Estate Tips: New Mortgage Rules in Canada

Learn How the New Mortgage Rules Will Affect You

Learn How the New Mortgage Rules Will Affect You

In this video I’m going to talk to you about the new mortgage rules that the federal Government of Canada has just imposed upon us that are going to take place effective October 17, 2016. If you have an existing mortgage this is not going to affect you at all. However, if you’re selling your home, buying a new home and applying for a new mortgage this is definitely going to affect you. So what the federal government has done is a couple of things really.

Foreign Investment in Canada

First of all they are taking steps in an attempt to cool a HOT real estate market. I have to tell you the truth…. click below to watch my complete explanation of the new mortgage rules in Canada:

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by getting a copy of my free eBook here. Also for more great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.

Preparing to Buy a House in Kitchener-Waterloo: A Quick-Prep Guide!

Kitchener-Waterloo Home Buying Guide

Home Buying Guide

You’ve spent hours dreaming about the possibilities involved. Maybe you’re envisioning a fireplace in the living room. Perhaps a nice sunroom and reading area. And well, that perfect little breakfast nook would be nice! After the dreams, though, reality begins to sink in. Looking to buy a house in Kitchener-Waterloo Ontario is a huge life step, and it takes a bit of preparation before you can even start the shopping process. With so much to think about and do, where should you focus your energy? We have compiled a quick guide to help you prepare to buy a house in Kitchener or Waterloo Ontario.

Down Payment Funds

The majority of potential homeowners can’t afford the entire purchase price of a home upfront, so a mortgage is typically necessary. Depending on your credit history, down payment requirements can vary from bank to bank but they’re usually about ten percent of the purchase price. Saving that money for your down payment is an absolute must. You may even want to set up a separate account to help you keep back the funds you need for the home of your dreams. The more you add to that account on a regular basis, the better off you will be when going to potential lenders when it’s time to obtain a mortgage for your home.

Prepare Your Credit

There aren’t many lending companies and banks that will offer you a mortgage without the right credit score, and it may take some work to get there. If you currently have a problematic credit score, you may want to sit down with a loan officer now to look at what you can do to improve it before you’re ready to buy. Simple steps like checking your credit report often, paying bills on time, paying down credit cards and/or loan balances, and dealing with any problem credit report entries is an absolute must. A credit counselor can help guide you with regard to any other steps you may want to take.

Save for Additional Expenses

The cost of the down payment and closing expenses are hardly all you’re going to be facing with a house purchase. There are always little things that come up when you get ready to buy a home. Having funds set aside specifically to deal with those issues has to factor into your readiness checklist. Think about the cost of the move, any repairs you might want to do to the home, and any additional furniture you may need to purchase once you move in.

Understand Financial Terminology

Mortgage loans are steeped in financial terms, and it can take some time to get your bearings in this overwhelming arena. Learning as much as you can about mortgages and the terms a loan officer might use as he or she is getting ready to offer you a deal, is essential. You need to become familiar with the types of mortgages available, the terms they use to describe them, and what’s required in order to obtain each type. Most banks have first time home buyer guides posted to their websites to help make sense of terms like APR and Good Faith Estimate. It’s still a good idea to utilize a variety of resources to ensure you get the best possible picture of what you’re going to be expected to have knowledge of.  Waterloo Region mortgage broker Rosanna Congi has a Mortgage Glossary you can access on her website.

Consider Various Housing Types

Your dreams may be big, but you have to think about the housing types available in the Kitchener-Waterloo neighborhood in which you want to live. Single-family homes are great, but in some cases condos can offer many of the same amenities with lower costs. Investment properties that include multi-family housing that may allow you to live in one unit while you play the role of landlord for the other unit(s) could be the right choice for you as well. The goal is to understand what is available and what can meet your dreams.

Find the Right Realtor

Not all real estate agents are created equal. There are many in Kitchener-Waterloo who will help you find exactly what you need and others who leave you feeling somewhat disappointed. You want to find a Realtor® who will help you find just what you want in a home, not what they want to sell you. Conducting your own research is always helpful. You may want to consider a team versus a singular agent. You need help and advice immediately. With an individual agent you’re likely to stay in a holding pattern while he or she helps other clients. With a team, you’ll always have access to a professional Realtor® who is familiar with your situation.

Although “right now” may not be the “right time” for you to buy a house in Kitchener-Waterloo, preparing yourself both physically and mentally for the world of home ownership can take a bit of time. The longer you give yourself, the more likely it is that you’ll truly be ready when the time comes.

Find out how I’ve helped more than 2,000 families buy and sell homes in Kitchener-Waterloo by getting a copy of my free eBook here. Also for great real estate videos you won’t find anywhere else, subscribe to my YouTube channel. I love to share my expert knowledge so if you have any real estate questions feel free to call me at 310-SOLD or email me at mark@maurerteam.com.