For Sale by Owner

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One of the most popular reasons why homeowners choose to sell their house without the assistance of an agent is to avoid paying an agent’s commission. In Canada the agent’s fee typically makes up 5-6% of the selling price of the property. When a home owner decides to sell their home without a real estate agent and a [...]

Homes in Scarborough

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Scarborough Homes consist of detached and semi-detached houses, bungalows, townhouses and condos that can offer buyers value in owning property. Finding homes is also easy in Scarborough through experienced and real estate agents. The transportation is convenient to and from the city of Toronto. Other amenities that make it a great place to own a [...]

Buying vs Renting a House

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There are two major reasons why you should own a home. On one hand you build a lot of equity without doing anything special because you are not only getting the appreciation of your house but you are also paying off your principal. Let’s say ten years ago you bought a house for $300,000, now [...]

Should I get a Home Inspection?

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A home expectation is the physical examination of the property that you wish to buy.  A qualified home inspector would check the roofing, attic, windows, basement, foundation, electrical and furnace. In other words he would be checking all major components pertaining to that property. Now, you would be spending a couple of hundred dollars on [...]

Benefits of a Real Estate Agent

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Often buyers ask me the benefits of a real estate agent. It is always advisable to take the services of a Real Estate Sales Representative. A realtor would not only do the relevant research for your property but he will also be able to show you all the comparables and all the recent sales that [...]

What is Closing Cost?

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Closing costs are the costs that you incur when you buy a property on top of the down-payment that you are putting. Let’s say you are planning to put a down-payment of 10% these closing costs will be above and beyond that amount that you have allocated. The closing costs would comprise of land-transfer tax, [...]

How Expensive of a House Can I Afford?

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The formula for knowing how expensive of a house you can afford is very simple. You can easily allocate one-third of your gross-income towards the payments of the house. This is the formula that banks use when they give you the mortgage and when they qualify you for that. CMetC is also very comfortable with [...]

How to Pay Off Mortgage Early?

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There are actually quite a few ways by which you can pay off mortgage early as opposed to waiting for the full term. I will give you a few tips. One, whenever you go for mortgage if you have adequate income try to go for amortization Of 25 years instead of 30 years because by [...]