| Recent Blog Posts by Szabolcs Pall | ||
Why now is the best time to buy a houseDid you know … there are great incentives to help you get started in Real Estate? You may use up to $25,000 of your RRSP towards your down payment, and may qualify for an immediate rebate up to $2,000 on your Land Transfer Tax. The Government will kick in a $750 tax credit, not to mention the specials offered by key partners as part of our VIP program.
Posted by Szabolcs Pall
on March 17, 2011
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Home Ownership - Learn before you leap!My brother recently asked about what I thought was the best smart phone on the market. Sure there are tons of web-sites dedicated to this stuff, and he has probably read them all, but like most anything you purchase, it’s often best to ask someone who’s had some firsthand experience with the bloody things.
And it’s with that in mind that we decided to host a live session ...
Posted by Szabolcs Pall
on March 17, 2011
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Want 0% down?
Did you know that there are some lenders that are still able to offer 0% down financing? If you can come up with at least 5% (gifted, borrowed or put on credit), you get that money back at closing in the form of cash back. The cost to you is a small increase in interest rates, as you forgo the security of having the lowest rate, for the ability to get into a house before you save up ...
Posted by Szabolcs Pall
on July 6, 2010
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Considering Selling? Some things to ask yourself first!
We're faced decisions throughout our normal day, and usually get them right without much difficulty.
But while each of us is well equipped to make every day decisions, it’s not always so simple. When we consider selling our home, that decision is one that obviously requires much greater scrutiny. Consider the following:
How much equity do I currently have? - The amount of money you ...
Posted by Szabolcs Pall
on June 1, 2010
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Home Ownership Incentives
Did you know that there are a variety of government programs to help you save or borrow the funds for your home purchase? The RRSP Home Buyer's Plan, the Home Buyer Tax Credit and the Land Transfer Tax Rebate can help overcome the difficult challenge of saving money for a down payment faced by many First Time Home Buyers today. As a REALTOR® I can help you understand how these programs ...
Posted by Szabolcs Pall
on March 29, 2010
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Competing Offers - How to win!How do you win in a Competing Offer scenario?
First you accept that in some instances, price will always be the final word. And no matter how well your offer is drafted, someone may be in a position to offer more money than you for the house. Having said that, there are a number of things you can do as the buyer, to ensure that your offer is not amongst the first to get rejected, so ...
Posted by Szabolcs Pall
on March 29, 2010
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Why change the mortgage rules?
Image: Danilo Rizzuti / FreeDigitalPhotos.net
How do you characterize our current real estate market? Lots of buyers, not enough homes. Homes are selling at over and above the asking price as demand pushes excited home buyers, nervous at the thought of losing out on a home, to bid full asking price sometimes without conditions. While active listings are down from last year, we are already ...
Posted by Szabolcs Pall
on March 2, 2010
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CBC - The Hour - Real Estate Hot SpotsDon R Campbell - Real Estate Investment Network (Part 1 and Part 2).
Posted by Szabolcs Pall
on May 1, 2009
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Risky MortgagesInteresting news filtering in this morning, that CMHC had been warned about the burden it was placing on borrowers of home loans with minimal downpayment and long term amortization, and it's potential effect on the current economic crunch. In February 2006, U.S. based insurance companies were allowed to insure mortgages in Canada, and this competition for market share saw the introduction of ...
Posted by Szabolcs Pall
on December 18, 2008
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U.S. Market our market?I've been getting a lot of questions about the state of our housing market, and the potential ripple-effect coming from south of our border. There are some frightening things happening there (consider the recent $700B bailout proposal of the financial sector), that we are insulated against, as a result of tighter lending practices and more control over the sub-prime market. While close ...
Posted by Szabolcs Pall
on September 27, 2008
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