Here are the top 7 most read posts of 2016
Here are the top most accessed and read posts of Winnipegs Real Estate Blog this past year. Currently with over 700 published posts, infographics, videos, polls and more, Winnipegs Real Estate Blog is the ‘go-to’ resource for home and condo buyers and sellers in our city.
I have found that many buyers are not aware of the fact that there are additional costs (called Closing Costs) when buying a house or condo. I had always ‘assumed’ (I know…you’re not supposed to do that), that banks would counsel their clients as to the actual costs involved.
Here are some of the major expenses involved when buying a home (or condo).
Being first time home buyers is an exciting time. Owning your own home is a dream-come-true for most of us, as home ownership comes with many benefits. However we need to keep in mind that buying your first home is a major financial investment.
Remember to buy with your head, not with your heart. Step back and take a good hard look at the home: better yet, book a second look. Never, NEVER buy a house during an ‘Open House’, just because the seller or their agent said that you have to act fast.
Aside from the mortgage payment, how much does it actually cost to own a home in Winnipeg?
Depending on your area, value of the home, lot size and about 20 other factors, Property Taxes in Winnipeg can vary from about $1500 a year to tens of thousands a year. This is also considered one of the major home owning costs. Your ‘average’ home owner however should budget for between $200 and $300 per month. That latter would cover a home with a GROSS property tax of $4,300 a year, (minus the current Homeowners Tax Assistance of $700)
Buying a house or condo for the first time can be quite stressful and challenging. First time home buyers are surrounded by a large number of questions. If you are buying a home for the first time, perhaps you are busy thinking whether to hire a real estate agent or do the house hunting on your own.
Budget and mortgage are other factors that may trouble you. You may be unaware of what extra expenses you may need to bear while purchasing a home. This article offers some tips to first time home buyers, right here on Winnipegs Real Estate Blog.
As an example, lets take a look at a fairly average-priced condo in Winnipeg’s south end. 1100 sq ft townhouse, priced at about $190,000 and monthly condo fees bet $200 and $250 per month. The fees include water, a parking spot, and the usual condo niceties, such as snow clearing and grass cutting. Now lets look at a couple of the larger expenses which a HOUSE owner will incurr.
As an example, lets take a look at a fairly average-priced condo in Winnipeg’s south end. 1100 sq ft townhouse, priced at about $190,000 and monthly condo fees bet $200 and $250 per month. The fees include water, a parking spot, and the usual condo niceties, such as snow clearing and grass cutting.
If you’re working with a REALTOR® in the search of a new home, most likely you are receiving MLS® real estate listings via the new Keystone Matrix® system. My buyers are always asking me to explain what some of the real estate listing abbreviations stand for, so I thought I might create this post to help everyone out. Generally from the top of the listing sheet on down, here are the main ones.
These days, every home or condo buyer in Winnipeg knows that, at a very minimum, they need to be pre-approved before shopping for a new home. But being pre-approved by the RIGHT lender is just as important. With almost unlimited choices, between Banks, Credit Unions, private lenders and mortgage brokers, whats the best choice for today’s home buyer? Many are turning to a Mortgage Broker, for a variety of reasons. Here are some very important ones to consider:
And a mortgage can be a powerful financial tool. No surprise, then, that a growing number of Canadians have started to ask some smart questions about their mortgage. In fact, more than 30% of all Canadian mortgages are now arranged through a mortgage broker. Why? Here are 10 great reasons!
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