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How Is The Market For Condominium Assignments?

Toronto Realty Blog

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE!” It made sense.

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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. This includes bank statements, tax returns, pay stubs, credit report information, etc.

Mortgages 101
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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Are you open to doing some sweat equity in the beginning?” Painting walls and replacing floors can add instant equity to your home — but these jobs require hard work, and they’re not for the buyer who wants a flawless, move-in ready abode. Buyers with strong credit and qualifications. Bank statements for the last 60 days.

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Selling Before Buying: Genius New Trend For 2022?

Toronto Realty Blog

Let’s look at our three sets of clients and how they decided on this path… Mark and Jane live in a condo townhouse but wanted a bigger, better, newer condo townhouse, and one that isn’t facing a soon-to-be construction site that will feature the sweet-sweet sound of jackhammering and trucks beeping for the next half-decade.

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Home Appraisal Tips for Buyers, Sellers, and Homeowners: Be Prepared for Anything

HomeLight

A property’s appraised value also indicates how much you’ll pay in real estate taxes — and gives you an idea of how any improvements you make can add to your home’s equity. An appraisal is not equivalent to or a substitute for a home inspection , which is a nuts-and-bolts analysis of a home’s construction and its systems.

Loans 111
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Construction loan. This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. Certificate of eligibility. Contingency. Deed in lieu of foreclosure.

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Friday Headlines!

Toronto Realty Blog

The group also wants first-time homebuyers to have access to mortgage terms of up to 30 years for insured mortgages and recommended making mortgage qualification stress tests consistent for both insured and uninsured mortgages, setting the stress test level to two percentage points above the contract rate. “To March 23, 2022.