Toronto Realty Blog

DECEMBER 1, 2023

TorontoRealtyBlog On Wednesday, I took a look at the pre-construction condominium market in Toronto and how prices and those sweet builder “incentives” look this fall. Today, I want to continue the pre-con theme and present you with a story that I’ve been holding on to for about a month now. There was no catch.

Pre-approval

HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Step 4: Determine the qualification process for bidders. Your home will be visible to pre-qualified, serious buyers.

Pre-qualification

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Get pre-qualified with a mortgage lender. Qualifying for a HUD home. No problem! Special incentives.

Pre-approval

HomeLight

APRIL 26, 2021

The buyer knows what type of mortgage loan they qualify for and will have a preapproval letter (there’s a difference between preapproval and pre-qualification ) in hand. Do you wonder what kind of upgrades and renovations they’ve done? The first-time homebuyer. The curious voyeur. The possessive buyer.

Pre-qualification

HomeLight

APRIL 30, 2022

Beyond standard MLS listings, home search apps can offer a deep dive into data to help you research, bid, buy, finance, insure, and even renovate your new home. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification. The top home search apps in 2022.

Closing

HomeLight

AUGUST 31, 2022

You can use that money for anything — debt consolidation, tuition, home renovation, a dream vacation, etc. While some lenders have customized loans for home renovation or other projects, the most common types of equity loans are cash-out refinance and second mortgages, which include a home equity loan or a home equity line of credit (HELOC).

Equity

HomeLight

AUGUST 31, 2021

submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Unless you’re buying for investment purposes and planning to completely renovate the house in order to rent or resell it, you’ll probably want to know what you’re getting into.

Due diligence

HomeLight

AUGUST 16, 2021

“Go to your county’s office and ask for the pre-foreclosure list ,” he says. What will it cost to renovate it so you command either market rent or a sale at a price that represents a margin you’re comfortable with? Reach out to people on the list, and give them an offer!”. Will buying an REO home be a good investment?

Banks

Rent, Buy & Sell

APRIL 25, 2022

This post looks beyond renovations and rental prices to explore the best ways to find and keep quality tenants. Those are essential questions that can help you form the right rental qualification criteria. Conduct a Pre-Screening Interview. After setting your requirements, you should conduct a pre-screening interview.

Pre-qualification

HomeLight

APRIL 28, 2021

While retirees or pre-retirees have always been a large demographic in planned communities, Tim Peirce , a 2020 award-winning top agent in Bluffton, South Carolina, says the market is expanding. “So So many people are coming from other areas where they’re not used to high-amenity communities, so it’s a major lifestyle shift for them.

Pre-qualification

Redfin

OCTOBER 23, 2023

Roof leaks, mold, and wood rot are common issues, detectable in a pre-purchase inspection. Asbestos inspection: “When purchasing a home in Portland, OR, with plans for pre-move-in remodeling, it’s imperative to consult a licensed asbestos building inspector,” advises Asbestos Testing Portland, Oregon. “As

Inspection

HomeLight

DECEMBER 30, 2021

Taking on a mortgage is no casual agreement — which is why the loan qualification process is so stringent — but you’ll nearly always have options. If you’re still pre-purchase or considering refinancing, an adjustable-rate mortgage (ARM) might offer some flexibility. Hey, you never know!). Consider an adjustable-rate mortgage.

Mortgages

HomeLight

JANUARY 4, 2022

If you’d like to connect with an agent today who’s connected to local cash buyers, HomeLight makes it easy and fast to find a top real estate agent near you with your preferred qualifications. Reasons to sell your house for cash. Cash buyers often look for houses that need work, and typical home buyers don’t want a project,” notes Steinemann.

Investor

HomeLight

APRIL 11, 2022

The Uniform Standards of Professional Appraisal Practice — or quality control standards — require an appraiser to be impartial and “ not favor a predetermined outcome ,” according to the Appraisal Foundation, the nation’s Congressionally authorized source of appraisal standards and qualifications. Know what features impact home value.

Loans

Toronto Realty Blog

MARCH 14, 2022

So if and when a buyer agent wants to argue against a particular price, I can simply advise, “Hey, I hear you, but I’ve had 87 showings on this property, fifteen agents have asked about pre-emptive offers, so if you want to use comparable sales from two years ago, I don’t think it’s going to help.”

Pre-qualification

Toronto Realty Blog

JANUARY 6, 2025

Anything before 2020 and I have to think, “Pre-COVID.” My thinking was based on the Bank of Canada interest rate cuts in June, July, and September, which not only improved affordability and mortgage qualification for buyers, but also signaled that we had clearly entered into a period of declining borrowing rates.

As-is