House hunting can be a very exciting time, but it can also be a stressful time – especially if you're completely unprepared!  When you decide you are ready to start touring homes, make sure you start the process with a plan in hand.  By taking the time to get organized before you start, you will save yourself time and money and make the process much more enjoyable.


So, let’s take a look at what NOT to do!


1.     Not having your financing in order.

 

How can you really know what price you can afford without being pre-approved for a mortgage?  Sellers may actually be scared away by your offer without pre-approval as they will assume you aren’t really a serious contender. There were some big changes to mortgages recently, so be sure you know where you stand before you start shopping for your next home.


2.     House hunting on your own.

 

If you are serious about buying a house, you...

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The Canadian government has proposed new rules related to the mortgage stress test which would take effect on June 1, 2021. To review, the mortgage stress test was introduced by the government to help limit the number of Canadians who run into financial trouble by overextending themselves by assuming a mortgage they can’t comfortably pay for. 


As the real estate market has experienced continued growth and significant price increases during the global pandemic, many have been calling for regulatory changes in order reduce the risk of a market crash and to stop Canadians from assuming too much housing debt. 

Here’s How These Changes Will Affect You 

The proposed changes will increase the minimum qualifying rate for an uninsured mortgage from 4.79% to 5.25%. As a result, it will make qualifying for a mortgage more difficult for many Canadians. Simply put, on average, home buyers will be able to qualify for four to five percent less in funding because of this change....

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Ready to buy or sell a home in Oakville? While you may be tempted to try and tackle the process on your own, know that an experienced real estate agent can provide you with invaluable expertise and support. Below you’ll find five reasons why it’s essential to work with a professional real estate agent for any type of real estate transaction.


1.  A Good Realtor Will Educate You, Not Sell To You.


Obviously, a real estate agent wants to help clients buy and sell homes. However, a good agent is dedicated to much more than just selling. They will also help you understand the entire process so you know what to expect. A quality agent wants to make sure you make a smart and educated decision.


For example, if you want to list your home, an experienced Oakville realtor will help you navigate through the following areas:

  • Determining if your property is ready for the market.
  • Having professional home staging done.
  • Deciding on a fair price.
  • Providing you with...
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Most of Ontario has now entered Stage 3 of the COVID-19 re-opening plan, with the final few regions likely following shortly. This next phase brings several changes, one of which is the ability to host gatherings of up to 50 people. As larger groups are now allowed, Oakville realtors prepare to host Open Houses once again.


It’s important to note that although Open Houses are now possible, they will still look different from Open House events we knew before the global pandemic. Signs displaying health precautions, hand sanitizer, and masks will be a part of any Open House for the foreseeable future and realtors will be required to manage capacity and enforce social distancing.


Safely Buy Or Sell A Home During COVID-19


As an experienced Oakville realtor, Sue Heddle knows how to navigate the current market and help her clients find success. From hosting safe Open Houses to supporting their wish for virtual tools to maximize their marketing potential, Sue Heddle Homes can help.


As we move...

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