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March 11th, 2010 
Martin & Meredith Limited, Brokerage
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HOUSING IS AFFORDABLE!
One real estate salesperson recently is quoted as being of the view that “mortgage rates are stupidly low.” That is something of an understatement. Latest figures show variable mortgages at 3.30% – and that's the posted rate. For first time buyers it's hard to imagine a better time to take the real estate plunge. Because on top of cheap money governments are just dying to give you some financial help. If you qualify, the Feds offer a $750 tax credit to help with closing costs. In addition you can now withdraw up to $25,000 from an RRSP under the Home Buyers Plan, up from $20,000. And first-tim
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HOW IS YOUR MORTGAGE SITUATION?
In these difficult days, one way to increase your cash flow is to increase the amortization period on your mortgage, and you can do so free of charge and with one phone call. A colleague just changed from a 7-year to a 15 year “am” and “saved” some $600 a month in payments. That ready cash could then be used, say, to pay for renovating your basement and you then can claim the 15% refund from the government. Perhaps you should take another look at the terms of your mortgage.
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GOING GREEN
Going “green” can be profitable. Up to $10,000 is available from the federal government under the EcoENERGY program. After the work is done, a significant increase in both your present comfort and a significant increase in the value of your home are anticipated. And the “icing on the cake” is that the province will even pay up to $150 off the initial cost of your energy assessment, whether you do
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Choosing the Neighbourhood That's Right for You
When buying a home, the neighbourhood you select will not only play a pivotal role in your family's life, but in the resale value of the property. On
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BUYING HOME CHECKLIST
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
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HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE
A hot market is a "seller’s market". During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.
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OFFERS AND NEGOTIATIONS
Whether buying or selling a home, one activity will be part of the process in all cases and for all involved. Let’s look at the offer to purchase contract and negotiation process from both sides
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