Thinking of buying your first home? Is the timing right? A home is usually the largest single investment an individual makes in his or her lifetime. The pros and cons of such a decision should be thought out and weighed wisely. If you have decided that NOW is the time for you to take the leap there are certain things you should take into account:
1) HOW TO CHOOSE AN AGENT?
Chose someone who knows the area you are interested in. Meet with him or her and discuss your needs and your price range. He or she will recommend you meet with a mortgage advisor and get pre-approved. That way you will not have the disappointment of falling in love with a home that is out of your financial reach at this time. Remember your first home is often a stepping stone to what you really want to end up with. It may take a few moves and some time. Be patient. Make sure your choice of agent is knowledgeable in the current Market Place. Talk with him or her and make sure your personalities are a good fit. It makes all the difference in the world and takes all the fear away. Your agent has to have your best interests at heart. There has to be a mutual trust. He or she will help you decipher your requirements. Do not be fooled by the FISBO'S out there, that is "for sale by owner" On the surface it may look like you are getting the property for less money since you do not have to pay commission. Real Estate Agents have been trained to protect you, the client. There are so many legal issues which may arise after the sale that could make the transaction VERY EXPENSIVE if you decide to go it alone without a Professional.
WHAT CAN YOU AFFORD?
Remember your agent is not a Mortgage expert. He or she will recommend some guidelines. Your GTS (gross dept service) should be within 28-32% and your TDS (total dept service) should be within 32-40%. Your Mortgage Representative will go through the details with your personally and in private. Always keep in mind that there are WANTS and NEEDS. WANTS are what everyone would like and NEEDS are what will be best for you at this time according to your present income. The Mortgage Representative you chose will do this preparation work for you to earn your business.
WHAT TYPE OF PROPERTY SUITS MY NEEDS?
There are certain criteria that you should consider:
a) Am I single or married?
b) Do I have children and if so how many?
c) Do I have special needs such as a single story with no stairs or a basement for a children's playroom?
d) Do I want a rancher, a side or back split, 3 or 4 level, bi-level, 2 story or story and a half?
e) Do I want a garage and should it be a one car or a two car? Should it be attached or detached?
f) Do I want a pool or no pool?
g) Fenced yard?
h) Most important is Location, Location, Location!
HOW DO I GET A MORTGAGE?
Your Real Estate Professional will probably recommend 2 or 3 sources for you to meet with. It is up to you to decide what is best for you based on their recommendations. Remember they are experts in their field but always make sure the rates and terms are best for you. They may differ and the final decision is yours!
WHAT MORTGAGE IS BEST FOR ME?
Again, the decision is yours but be sure to educate yourself so that there are no surprises Make sure you ask a lot of questions of your Mortgage Broker:
a) Check fixed rate variables
b) Make sure you can pre-pay each year.
c) Ask about weekly or bi-weekly payments versus monthly payments.
e) Ask about Government plans for First Time Home Buyers.
A fact most people are unaware of is that if you double your mortgage payment you can pay off a 25 year mortgage in 7 years.
Knowing all the facts can save you a lot of money.
Now, after all this is done ENJOY the process. It can be fun and exciting and does not have to be scary. This may sound complicated but it is really a very simple process when you allow the experts in the different professions involved to do the work for you! Call me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokerage in Chatham-Kent today. Put my experience and expertise to work for you!
Now is the time to get your tickets for the upcoming 13th Annual Parade Of Chefs being held Thursday April 2 at Club Lentinas. This exciting evening filled with Entertainment, Exotic Culinary Dishes and Specialty Wines and Brews is an Annual Fundraiser held each year by the Foundation of Chatham-Kent Health Alliance.The proceeds will support the CKHA Diagnostic Imaging Equipment Renewal Campaign. Each year area Restaurants, Wineries and Breweries working together for this great cause, present an extraordinary evening. This years participants are: Aleksander Estate Winery, Bayside Brewing Co., Early Estate Winery, Eat What's Good, Gatsby's Grill House, Harvest Moon Catering, Mamma Maria's Ristorante, Pelee Island Winery & Vineyards Inc., Railway City Brewing Company, Sprucewood Shores Estate Winery, T-Bones Grill House, The Chatham Breakfast House and Grill and the Chilled Cork Restaurant and Lounge will all be contributing their expertise to the evening.
This years Special Guest will be Celebrity Chef, Cookbook Author and Award Winning Recording Artist, Roger Mooking. Born in Trinidad with a heritage of both Caribbean and Chinese ancestry, Mooking moved to Canada with his family at the age of 5. Having been surrounded by an extended family of food and beverage providers in Trinidad, his immersion into culinary experiences continued with his Mother's interest in European Food in their neighborhood in Edmonton. He began working in restaurants at age 16 and later attended George Brown College of Hospitality where he earned top honors. He continued his training at the world renowned Royal York Hotel in Toronto. Today, he is Host and Co-Creator of the International Broadcast TV Series, "Everyday Exotic Flavors from Around The Globe" He published his own cookbook in 2011 and has won the prestigious Gourmand World Cookbook Award.
Mooking is also an accomplished and decorated recording Artist and member of the Juno Award winning Trio, Bass Is Base in the 90's. He has shared the stage with well known artists such as James Brown, Celine Dion and the Marley Family and has three solo albums. For Mooking, the world of Epicurean and Music are seamless. He says that one feeds the soul and one feeds the body.
Do not miss this great Chatham Kent event. Tickets are $125.00 and the evening may sell out so be sure to call today for your tickets. It's a great cause for Chatham-Kent and promises to be a great evening. Call 519-436-2538 or email firstname.lastname@example.org Reception starts at 4:30 Dinner at 6 P.M.
Put me, Wayne Liddy Royal LePage Peifer Realty Inc. Brokerage to Work for you!
If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to You as soon as they become available.
The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.Now might be the perfect time...
Thinking of listing your home but are unsure of what to do first? Should I paint or redecorate? Should I concentrate on the inside or the outside? Is curb appeal more important than interior decorating? Call an expert and do the right things first!
You love Chatham-Kent with its Affordable Lifestyle and all the activities for young and old alike. You enjoy the many events and attractions in the Chatham-Kent area. The children are involved in sports or you are a senior taking advantage of the many activities available at the Seniors Activity Centre. Should you move to something smaller or perhaps bigger? Should you stay where you are and remodel? To make the the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you and note how strongly you feel about each one.Call Me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokerage and let me make your move an easy and enjoyable experience. Visit my website for Chatham-Kent Events, Happening and Choice properties for sale in this great area.
1. The size of your family has changed. Of the many reasons to move, the size of your current home is the most common. Many young couples have purchased a cozy two- or three-bedroom, 1,000-square foot home that suits their situation perfectly. The home has a master bedroom, a guest bedroom, and possibly a home office. A single living area with couches and an entertainment center provides the couple with ample space for the two of them and their visitors. As they start a family,
Are you a buyer or seller in today's Real Estate market? Are you confused? Who do you chose to represent you in what very well may be the largest purchase of your lifetime. You need a Professional. Someone who knows what he is doing and can make the transaction a pleasant experience. Don't get caught with mud on your face. There are plenty of do -it -yourself companies out there, covering everything from home renovation projects to selling your home. I was always taught to do what I knew best and leave the Professional to the rest. This is especially true in buying or selling a home. There are many details that Real Estate Professional know and
Is staging your home a good idea when preparing to list or sell? It is a very necessary step to insure you receive the most return from your investment. For many people their home is the biggest investment of their lives. We are emotionally attached particularly if we have raiseda family there or enjoyed many happy occasions. First, you must become emotionally un-attached, prepare mentally to move on and trust your Real Estate Agent to do what he does best. He will find the right buyer at the best price for your home. Your job is to carefully select that agent and then follow a few basic steps. Prepare to show your home at it's best.
I am Wayne Liddy, Royal LePage Peifer Chatham-Kent Realty Inc. and I works with a team of Trusted Professionals in Chatham-Kent. My background of 35 years + experience in Furniture sales and Interior Design will give you a distict advantage that very few other agent can offer. The Stager on his team will help you
Are you tired of the overall look of your home? Is it time for some updates. Traditionally, in the winter we all spend more time indoors and it is just human nature to want a change.You may be updating your home to put it on the Market. Spring and Fall are good times to do that. All indications point to a brisk market in the Chatham-Kent area. Or, maybe now is not the right time for you personally to sell but you wantto have a new look. There are several changes you can make without spending a lot of money and they will
Aluminum wiring was used extensively in homes throughout North America between the mid 1960's until the late 1970's, primarily due to the high cost of copper wiring at the time. If buying a homebuilt during this time period, there is a good chance that it contains aluminum wiring.But is aluminum wiring safe? The short answer is, yes. It is still in use in many applications even today, though not in residential branch circuits.
Did you know:"... Aluminum wiring in residential installations will operate as safely as any other type of wiring if the proper materials are used and it is installed as per the manufacturer's instructions and the Ontario Hydro Electrical Safety Code.Home buyers and owners are finding that many insurance companies will not provide or renew insurance coverage on properties with aluminum wiring unless it is inspected by the Electrical Safety Authority (ESA) of Ontario, and repaired or replaced as necessary to make it safe. A copy of the inspection certificate will often need to be provided to the insurer before the property can be insured. In some cases, the insurer
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Baby Boomers,those born between the years 1947 and 1964 are a force to be reconned with. They constitute a third of the population of Canada.When the Boomer segment latch onto a MarketingIdea, a Product or a Housing Trend, the rest of us sit up and take notice! Currently however they are all over the map with regards to housing wants. Early and Late Boomers effect the Market in very different ways. The average age of first time Home Buyers today is about 35. This means that the Late-Born Boomers, those in their mid-to- late forties are now in their prime years to move up. This Trend raises the number of listings for starter homes, condominiums and smaller homes thus increasing the demand for higher end homes for the Late Born Boomers. At the other end of the spectrum, those Boomers 55 years and older may be thinking of DOWNSIZING and RETIREMENT Often they want smaller homes with less property to take care of and
Back in 2011 the RealEstate Industry began to recognizethe rise in sales of recreational properties was in part due to the fact that Generation X are now in the market for Real Estate. This has not changed and that market will continue tosee a rise in sales.Generation X wants are different from those who have come before them. They do not mind working ha rd and putting their noses to the grindstone but they want time to relax, enjoy life and not put off the pleasures of a good lifestyle. Coupled with that is the fact