Understanding Buyers Remorse - Tips you help you feel at ease.

Posted by Steve Harmer on April 12th, 2016

Buyer’s remorse is a common feeling during the home buying process.  

You loved your future home when you signed the contract to purchase it, but now you’re not sure if you made the right decision.

What if you acted too quickly and a better house comes on t - he market next week? What if you paid too much for the house? What if something happens to your finances and you can’t make your house payments? Did I bite off more than I can chew?

"Buyer's remorse is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a car or house. It may stem from fear of making the wrong choice, guilt over extravagance, or a suspicion of having been overly influenced by the seller" - Wikipedia

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Fixed or floating? The great mortgage debate of our time...

Posted by Steve Harmer on April 11th, 2016

For those taking on a mortgage or renewing one, it’s a question that can be complicated.

On one hand, interest rates are at historic lows. The Bank of Canada’s benchmark overnight lending rate is at 0.5 per cent. To some borrowers, this might suggest it’s a good time to lock in at a low rate for a long time.

On the other hand, to the surprise of almost no one, the bank suggested that it anticipates no changes. “The near-term outlook remains broadly the same as it did in January,” it said in its most recent rate-setting statement, on March 9. That suggests a floating rate might make sense.

See our BLOG article on interest rates HERE

The issue becomes more complicated, though, because borrowers likely won’t find much advantage.

Compared with…

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How a simple credit error can ruin your home-owning dream

Posted by Steve Harmer on April 7th, 2016

Imagine the anxiety of watching your credit score unexpectedly plummet after spending your entire adult life maintaining good credit.

Now suppose this credit decline blocks you from getting a mortgage on the house you planned to buy.

That’s precisely what happens to many mortgage applicants all across the country with surprisingly high frequency.

All too often the culprit is unpaid phone bills. In some case's your cellphone provider will send an account's to a collection agency after being just more than a month late, especially on its cancellation fee. That causes your credit score to drop like a lead pickle, approximately 80 points (out of a theoretical 900) virtually overnight.

It never should have happened that way. Collections are meant…

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Three ways to pay off your mortgage faster

Posted by Steve Harmer on April 6th, 2016

Things like traffic, work and dirty dishes can seem to go on forever; your mortgage doesn’t have to.

Even if you have signed on for a long mortgage, with payments scheduled to continue until you’re old, there are ways to speed everything up, experts say.

It’s a matter of knowing your options and paying attention to detail.

“Obviously there’s budgeting, where you cut back on some of your spending,” says April Dunn, a mortgage broker at Red Door Mortgage Group in Kelowna, B.C.

“But that only works if you actually take the funds to pay down the mortgage.” If you can’t bear to give up that triple skinny latte with an extra shot and some foam, “there are other things you can do.”

Some of these may seem simple but knowing more lets you make the…

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Keep the closets clear of clutter; Buyers will judge a home's space by 'snooping'

Posted by Steve Harmer on April 4th, 2016

Sometimes your closet organizing can say a lot about your home space

If you live in a condo or house and feel that your storage isn't terrible, but the closets are crammed with everything from bags to shoes and jackets you might want to get them organised. People looking to purchase a property will open and see how closets are organized Investing in an organizer to help the spaces look more spacious can make a huge difference on first impressions.

Most buyers will certainly open up and look at cupboards for a very practical reason: they want to know whether it's realistic to think their stuff will fit in the space.

When buyers see an organized closet it calms their minds and allows them permission to say 'Yes, I can see myself living here in a…

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10 tips for first-time homebuyers in Kamloops

Posted by Steve Harmer on April 3rd, 2016

10 tips for first-time home buyers in Kamloops

How to navigate the real estate market

Home buyers are currently caught in a storm of low inventory, high demand and tight credit availability. 

In these market conditions, even simple tactics or connections a potential home buyer can have could make the difference between owning a home or not.

1. Know what you can afford  

When looking for a new home, make your search more effective by knowing how much home you can afford. Carefully calculate the overall monthly payments. Be sure to include additional costs like property taxes, property transfer tax, insurance premiums, homeowners insurance, homeowners' association dues (if applicable), etc. Look at your monthly budget to understand how…

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Polish up that barbecue when staging your home

Posted by Steve Harmer on April 3rd, 2016

Selling your home don't forget the BBQ!

When Marc and Jen Robinson were looking to sell their home, their real estate agent advised them to spruce up their barbecue.

“He said it would add value to our backyard,” says Marc, a health-care professional, 34. “The problem is that our barbecue is old and very well used.” He asked whether it’s worth cleaning the old grill or whether investing in a new one would be smarter.

“In some cases neglect can cause a barbecue to seriously decay and start falling apart. In the worst cases it can even become dangerous,” says Charles Munro of Barbeque Pro Inc. “If your barbecue was purchased for under $400 and is heavily used, you may want to opt for a new cheap one.” For listing purposes, you don’t have to worry…

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Selling your home - 5 Things that turn buyers off

Posted by Steve Harmer on April 1st, 2016

When trying to sell your home, it is imperative that you keep the buyer in mind.

This does sometimes mean that you may have to live uncomfortably or invest your own money into a property that you hope to sell. When preparing to sell your home, keep the following deal breakers in mind to sell your house and move into your dream home.

Piled Up Junk

If a prospective buyer visits your home and finds the garage is currently inaccessible due to your hoarded junk, this will immediately turn them away.  Piled up old furniture, appliances and other assorted unnecessary items make any area of your home seem smaller and less inviting. To appeal to buyers, you want the storage areas and rooms in your home to feel as open as possible.

Old Appliances

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