Are you a first-time homebuyer concerned about rising inflation? It's understandable to have some reservations, but rest assured that there are still plenty of reasons why buying your first home is a great idea, even during inflationary times.
Firstly, Canada's housing market has historically been stable and resilient, even during economic downturns. This means that homeownership remains a reliable investment in the long run, and you can feel confident in your decision to buy a home.
Secondly, the Canadian government offers programs and incentives to help first-time homebuyers get into the market, such as the First-Time Home Buyer Incentive and the Home Buyers' Plan. These programs can help you get a foot in the door and make homeownership more accessible and affordable.
Additionally, as inflation drives up the cost of living, owning a home can provide a sense of stability and predictability in your monthly expenses. Unlike renting, where landlords may increase your rent at any time, owning your home means that your monthly mortgage payment will remain the same for the duration of your mortgage term.
Finally, by owning a home, you can build equity and wealth over time, which can help you achieve your long-term financial goals.
As a mortgage broker, I can help you navigate the Canadian housing market and find the best possible mortgage deal for your unique financial situation., now could be the perfect time to take the leap into homeownership.
So if you're a first-time homebuyer, don't let rising inflation discourage you from achieving your dream of homeownership. Contact me today to schedule a consultation and start your journey towards owning your first home.
Four Tips to Sell Your Home in a Hurry
April 24, 2019 @ 2:29 PM by:
Selling your home can be a time-consuming process - a situation which is less than ideal if you want to move sooner rather than later. Luckily, though, there are a few things that you can do to speed up the process, such as:
1. Hire the right agent
You will have no trouble locating plenty of real estate agents who are willing to sell your property - but finding the right agent can make all the difference. Before you select the agent, ask them about their experience, the properties they have sold, and if they have sold any houses in your neighborhood recently. Also, conduct some research on the agent you have chosen by talking to some of their past clients. Put simply, if you wish to sell quickly, you should choose your agent very carefully.
2. Take the right pictures
In the age of the smartphone camera, your first instinct may be to be your own photographer. While this may work for vacations and other informal events, you should always hire a professional to photograph your house. These pictures will almost certainly be the first thing that a potential buyer will see when they click on your property online. As such, if you want to make a quick sale, you should ensure that the pictures are perfect.
3. Time the sale right
The property market has its fair share of ebbs and flows. Before you put your property up for sale, you should study the patterns of the market. In most cities, you are likely to find that homes sell quicker during the summer - since that is when buyers with children are available to go house hunting. Your area may be different though, so be sure to do your research ahead of time.
4. Stage the property
If you want potential buyers to fall in love with your home, you will need to help them envision themselves living there. One of the best ways to accomplish this is to have the house professionally staged. By creating an environment that the buyer can feel at home in, you are much more likely to receive offers after the viewing.
Though selling a home can be a time-consuming process, it doesn't have to be. By following the advice outlined here, you can sell your house in a hurry.