Recent Blog Posts by Catherine McGill

How to Find a Good Investment Property

The idea of owning rental real estate seems to be gaining popularity as investors tire of the swoops and swoons of the stock market. Not everyone has what it takes to be a landlord. But those who do may find rentals to be a good way to build wealth. Once you've made the decision to buy rental property, your real work begins. Finding a profitable rental property usually takes time, connections ...

Choosing Which Mortgage is Best For You

Not sure which mortgage is right for you? Use the My Mortgage Selector tool for advice on which mortgage meets your needs. --> The basic features to consider when selecting a mortgage include: A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price of the property, whichever is less. The remaining amount required for a purchase (20%) comes from your ...

Closing Costs

Closing costs are the legal and administrative fees and disbursements associated with buying your home. Understanding each one will help you budget more accurately and lead to a more comfortable home-buying experience. CMHC or Genworth Financial Canada insurance A conventional mortgage is a loan for no more than 80% of the appraised value or purchase price of the property, whichever is less. The ...

The Importance of Your Credit Score

Many people do not realize the importance of their credit scores. Some people think that credit scores are only limited to approval of loans. In reality, a credit score can have a large effect on your financial life. Before going into details, it is important to properly define what a credit score is to ensure that readers have a solid ground on this topic. A credit score is a three digit number ...

One Opportunity Only to Own this 75th Floor Penthouse

The Real Estate market is seeing many home sales and although it isn't likely that a first time buyer would be interested in this stunning Penthouse, there are a number of units available at AURA which will be released for sale by the end of this month. Suites are available from $800,000 to $17.5 million  I've included the actual floor plan of the Penthouse here for you: http://www.collegeparkcondos.com/pdf/penthouse_floorplans/75th-floor.pdf If ...

Market Watch May 2009- Second Month in a Row Increased Sales

For the second month in a row, the Canadian housing market has recorded an increasing number of sales in most areas around the country. "Conditions in the resale housing market have improved markedly this Spring," according to TREB President Maureen O'Neill. "Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices." While April sales ...

TIPS FOR STAGING YOUR HOME

There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. Experienced sales people know that you only have one shot at impressing potential buyers, so take some time to prepare your home for showings. ...

8 Common Mistakes Most Home Sellers Make

1.  Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. Open houses and print advertising (the most obvious) are only moderately effective. Only 1% of homes are sold at open houses, and just 3% of people purchased their homes after seeing a print ad! Your Realtor© should be using ...

BUYING A 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. Where we've provided choices, fill out in the ...