Right at Home Realty Inc., Brokerage
242 King St E, Unit 1
Oshawa, ON L1H 1C7
Direct Cell: 1-905-706-5136
Toll Free: 1-866-706-5136
Direct Office: 905-665-2500
As the real estate market cools, individuals and families considering buying a new home must evaluate many factors. Every search of homes for sale has common elements: location, proximity to good schools and employment, area attractions and distance to family and friends. Some evaluating the market may wish for an older home while others who want to buy a new house prefer the modern amenities common to most new homes offered by various new home builders.
It is a buyer's market and every new home builder is competing for a shrinking pool of customers. Every home buyer is unique yet each will come across dozens of names when researching the homebuilder industry.
If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, you've inevitably gotten an email that reads something like this:
"Investor's Dream. This property will go QUICK.
- Property Address: 1234 Main Street
- Asking Price: $100,000 (Add or subtract zeros!)
- After Repair Value: $150,000
- Repairs: $15,000
- Profit: $35,000
- Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage.
- Tenant occupied. Need to evict!"
STOP! Before you read on... Take a guess at what you think the "real" profit's going to be on this real estate investment...
If you are wondering what Home Staging (or House Fluffing) is all about, here is a definition for you: MSN Encarta dictionary defines Home Staging as the act of "beautifying a home for sale: cleaning, repairing and updating the decor and furnishings of an older home to make it more attractive when shown to potential buyers." Actually, I believe that ANY home can use some staging before being put on the market. Remember, the way we live in a home and the way we want to sell a property are two completely different things. When we sell a property, there is no room for emotions - after all, it's probably our biggest financial investment and, so, we want the biggest possible return on it!
If you are in the process of purchasing a new home, it will definitely be in your best interest to have a home inspection done.
Not only will you want to have a home inspection done for your own sake, and peace of mind. But most lenders will require that you have a home inspection before they will proceed with the loan. The lending institution has just as much interest in the home as you do, so that is why they require a home inspection.