What Happens When a Buyer Backs Out of a Real Estate Deal?
Posted on Jul 21, 2022 in First-Time Buyers
When housing markets begin to cool after record highs, some homebuyers get cold feet. Imagine you buy a home for $1.2 million. When it comes time to close after you have signed your purchase agreement, you notice a comparable home down the street sells for $855,000. What happens when a buyer backs out of a real estate deal?
Some homebuyers choose to...
Some homebuyers choose to...
The Advantages of Putting 20% Down on Your Home
Posted on Jul 08, 2022 in First-Time Buyers
Is it possible to have a down payment strategy in today’s sizzling Canadian real estate market? From the Prairies to Atlantic Canada, it is clear that all kinds of residential properties are rising in value. And while there are obvious advantages of putting 20% down on your home, current conditions are posing challenges to many homebuyers.
When you...
When you...
The Pros and Cons of Blind Bidding
Posted on Jul 04, 2022 in First-Time Buyers
Over the last couple of years, blind bidding has become one of the more controversial practices emanating from the Canadian real estate market.
This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding has migrated into Ca...
This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding has migrated into Ca...
What Does a Real Estate Lawyer Do?
Posted on Jun 15, 2022 in First-Time Buyers
The world of real estate can be a little confusing. With so many players involved in the process of buying a home, keeping everyone’s role straight can be a little challenging. However, by educating yourself on what each professional does and how they can each help you on your home-buying journey, you can make sure that you get the best experience...
Going Solo? Tips for Single Home Buyers
Posted on May 26, 2022 in First-Time Buyers
Buying a home is one of the most exciting times of your life, however, it can be extremely daunting for individuals looking to make the biggest purchase of your life. Buying a home as a single person can be intimidating, but we have some smart tips for single home buyers that will make the process much smoother.
With home prices across Canada rising...
With home prices across Canada rising...
How to Use Your RRSP to Maximize Your Down Payment
Posted on Apr 19, 2022 in First-Time Buyers
Saving a down payment for a house can be a daunting task. In this day and age, it can take years to save up enough money to afford a home, depending on various personal and economic factors. However, the Canadian government has created a Home Buyers’ Plan program, which allows first-time homebuyers to withdraw up to $35,000 from their Registered Re...