Every province has its own idea of the key paperwork sellers need to transfer their home to the buyer. Despite the specific regulations that govern each home sale though, it helps to have a solid idea of what documents are most important to buyers and why. Whether they're required or not, sellers can use their paperwork as a way to convince buyers that they should take a chance—and maybe even offer more than the asking price.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
The Buyer's Wish
The buyer wants to know what they're signing up for if they choose to buy the home, and the paperwork can serve as their guide. When a seller is upfront about
…
Buying a vacation home can be very different from buying a primary residence. In particular, mortgages for vacation homes function differently than standard mortgages. Anyone who wants to buy a vacation home should be aware of the how mortgages for vacation homes work, to make the home-buying process go more smoothly.
Unpermitted work is more common than many homeowners realize with as many as 70% of all homes in the country boasting some type of unauthorized repair or renovation. Previous homeowners may not have realized they needed to ask permission in order to make improvements to their own home, leading to confusion about what was done, when it was done, and how it was completed. Those who suspect they're living in a home with unpermitted work will need to take the following steps to make home improvements and rectify the situation.
Painting is not only a fun way to make a change, it's also an inexpensive way to improve a home's resale value. It can smooth over some of the cosmetic flaws of a home when staging to sell, helping it look more attractive to both homeowners and passerbys alike. Here are a few tips to get the best possible coats on the exterior of the home.
An old or deteriorated roof can be a big problem for a homeowner. Without being repaired or replaced, a roof leak may lead to wood rot and structural damage. Knowing when to repair or replace a roof is an important part of being a homeowner and caring for a property.
The flooring that a homeowner selects for their house will have an affect on their home's comfort, style and functionality. Some types of flooring require a lot of maintenance, others require very little. Some flooring can last for centuries, other types will only last a few years. Homeowners who are trying to make their decision should be aware of all the differences in the different types of flooring, so they can choose the type of flooring that works best for them.
Moving is a logistically difficult thing to do. Between packing, de-cluttering and setting up with movers, it can seem like there's just too much to do at once. Staying organized and starting early can help prevent problems. These tips can help new home buyers stay organized during their relocation.
It is a common belief in real estate that often a home will be sold based on its bathrooms and kitchen. That, however, doesn't mean these are the smartest areas to make major investments in. This is especially true if someone selling their home is looking to get the best return on investment (ROI). In fact, investing a large amount of money in a kitchen or bath may help sell the home quicker but it is likely not going to pay off in terms of ROI. A list of the home improvement projects that offer an attractive return on investment may contain some surprises. What are these areas sellers should consider when focusing on ROI?
New construction homes are a good choice for a lot of people, because they can offer value and quality beyond what might be able to be found in homes that were built some time ago. The styles and preferences change over the years, and that affects the way homes are constructed, the kinds of features they have, the size of the rooms, and much more. With that in mind, it is important to understand what new construction has to offer, and the kinds of things a home buyer should look into before they choose a new construction home. With the right options, a new construction home can be an excellent choice.
When it comes to getting a mortgage, there are a lot of things to consider. One of those is how much of a down payment should be offered, or how much of one is actually needed. Fortunately for buyers who have not saved up a lot of money, there are some options for lower down payments. These generally include LMI, or Lender's Mortgage Insurance. This helps reduce the risk for the lender and protect their interest in the property when they loan money to the buyer. But what kinds of things should buyers know about LMI? Here are some of the biggest considerations all buyers want to look at where LMI is concerned.