Be Ready To Move

You’ve spent a lot of time shopping for the perfect property. You made an offer, held your breath and – hurray! – you got the home! But now you’ve realized that you have to move in four weeks – and you’re far from prepared.

Don’t add stress to what was otherwise a smooth process. Make sure you have these things in place well in advance:

A good real estate lawyer. Selecting the right lawyer can take time, so you don’t want to leave this task to the last minute.

A reputable moving company. Start looking into moving firms right away to ensure you pick one that’s reputable, timely and will do a good job.

A contractor. Your new home may require some repairs and renovations that you want to get done right away.

Insurance. This is an easy detail to overlook. Don’t. Insurance costs can vary widely, and you want to make sure you take the time necessary, well in advance of your move, to select the right policy from the right company.

Getting these things in place in advance of your move will make the entire process go more smoothly. A good REALTOR® will help.

Call Marina 416-843-1515 today.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
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Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor

Getting Your Home Hunting Ducks in a Row

Say you’re shopping for a new home. Your goal is to find the ideal property, in a neighbourhood that is just right for you, within a price range that you can afford.

What do you need — at minimum — to get started?

If you’re looking for ways to get your ducks in a row, here are some suggestions:

  • A property wish list. What does your ideal home look like? How many bedrooms does it need to have? Do you require a spacious recreational room? A large deck? A pool? A nice view? Get your wish list down on paper.
  • A neighbourhood wish list. Where you live is just as important as what you live in. What qualities are you looking for in a neighbourhood? A nearby park? Walking distance to a good school? Hiking trails? A shorter drive to work? Write it down.
  • A pre-approved mortgage. Getting the financing handled up front takes the guesswork out of what you can afford. Home sellers will also take any offers you make more seriously.
  • Realistic expectations. 99.9% of homes sell at or near the current market rates. So don’t expect to find a bargain that no one else has noticed. Your REALTOR® can help you understand which homes, in which neighbourhoods, are available within your price range.
  • A great REALTOR®. Choosing the right real estate professional is crucial to making your home shopping experience less stressful and more productive. It also dramatically increases your chances of finding a home that fits your needs and budget.

Looking for more advice on finding your next dream home? Call Marina 416-843-1515 today!

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor

How Much Can You Really Afford?

“Can we afford it?” That’s the first thought that comes to mind when shopping for your next dream home. Fortunately it’s an easy question to answer if you consider your lifestyle, financial goals, expenses and mortgage eligibility.

Lifestyle

There’s more to life than just paying the mortgage and other living expenses. Hobbies, entertainment, vacations, family adventures, and charitable causes are also important. Don’t be house poor. Think of your “lifestyle” as another bill you must pay — to yourself.

Financial Goals

Your new home is not just a place to live. It’s also an investment. Make sure it fits with your overall investment plan, which may also include retirement savings, education funds, emergency cash, and more.

House Expenses

The mortgage isn’t your only home expense. You must also calculate insurance, utilities, taxes, maintenance and other costs.

Amenities, such as a pool, can turn your home into an oasis. But, you must be prepared for the upkeep costs.

If you’re buying an older home, expect repair and maintenance costs to be higher.

Mortgage Eligibility

Your mortgage eligibility is determined by your current income, debt level, employment history, and credit rating. Lenders use this information combined with estimates of your new home property taxes and heating/cooling expenses to determine the largest mortgage they can offer you.

Home affordability is like a jigsaw puzzle. You need to put all the pieces together to get a clear picture of how much home you can afford.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Reposted from http://www.marina.realtor/ixact-how-much-can-you-really-afford/

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor

Understanding the Home Buying Process

The more you know about the best way to reach a goal, the more likely you are to get the result you want. So, whether you’re hunting for a new job, assembling a backyard BBQ, or training for a 3 mile run, you’ll want to use a proven process to help you get there.


That certainly holds true when shopping for a new home. There is a proven process to getting the home you want, in the neighbourhood you want, at a price you can afford. Here are the highlights:

  1. Get ready
    There’s a lot you must do before you pack your energy snacks in the car and go looking at homes. If you own your current home, you must prepare that property for sale. You should also get financing for a new home pre-approved, so you know exactly how much you can afford.
  2. Go shopping
    Your next step is to view the right homes currently available on the market. It’s a good idea to make a wish list of property and neighbourhood features you’re looking for in a new home. You may not be able to get everything you want, but you can probably come pretty close.
  3. Make an offer
    When you see a home you like, the first thing you’ll need to do is to make an offer. This can be tricky especially if there are other interested buyers.
  4. Get an inspection
    Always get the home checked out by a qualified home inspector. A property may have issues, such as a foundation leak, that are not obvious during a viewing.
  5. Prepare for the move
    Once you’ve made the purchase, you need to arrange for moving and deal with other details, such as utilities, telephone, mail forwarding and so forth. Want a smooth home buying process? Call Marina 416-843-1515 today.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor

The Advantage of Getting Pre-Approved

One of the best things you can do to ensure you get the home you want is to arrange for financing before you go shopping. This is often referred to as getting “pre-approved”.

Getting pre-approved simply means that your lender has calculated how much of a mortgage they’re willing to offer you, depending on your down payment and current financial situation.

There are two advantages to having a pre-approved mortgage. First, you know exactly what you can afford when shopping for a new home. Second, when you make an offer, you’re likely to be taken more seriously.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor

Why You Should Order Your Own Credit Report

“I don’t have a problem with credit,” a potential new home buyer says. “I pay my bills on time. I never have trouble getting a loan.”

That may be true. However, according to several surveys, most people are surprised by at least one piece of information in their credit report. And it only takes one derogatory item to create an obstacle to getting the lowest mortgage rate possible, or even getting a mortgage at all.

That’s why it’s important to check your credit report before you shop for a new home. You will then have the opportunity to deal with any unexpected issues.

For example, you may discover an error, which is not unusual. If you do find there is a mistake in your credit report, inform the credit bureau immediately. They are required, by law, to promptly make a correction.

If there are late payments noted on your credit report, you can write a letter of explanation to the credit bureau telling your side of the story. This will accompany the credit information that goes to your lender. Assuming everything else in your credit report is fairly good, most lenders will accept a reasonable explanation for late payments, such as being laid off from a job, an extended illness in the family, or military service overseas.

How do you get your credit report?
There are three major credit bureaus in North America:
• Equifax (www.equifax.com)
• Trans Union (www.transunion.com)
• Experian (www.experian.com)

All have websites that allow you to order your credit report for a reasonable fee. It’s a good idea to order all three credit reports as not all companies report credit information to all three bureaus.

Getting your credit report, and checking that it’s accurate, will make the home buying process go a lot more smoothly.

Your Real Estate Connection:
Marina Gavrylyuk
Real Estate Agent with Sutton Group Summit Realty
www.MarinaG.ca
Marina.Realtor
RentListingService.comCondos and Houses for rent
CondoName.comNew and Resale Condos and Towns from Developers

Marina Gavrylyuk
Sales Representative
Sutton Group-Summit Realty Inc. Brokerage

1100 Burnhamthorpe Road West #27
Mississauga, Ontario, L5C 4G4

Cell: 416-843-1515 Tel.: 905-897-9555
Email: Marina@MarinaG.ca
Web: www.MarinaG.ca
Marina.Realtor