May 17, 2013
Thinking of jumping into the fray of the Spring Canadian real estate season? Buying a home in today’s mega-competitive market always presents challenges – but a hot-and-cold housing market can make it tough for sellers as well.
Don’t get real estate rage – whether you’re searching for the perfect starter home (at a starter price), upping your asking or fighting other buyers for your dream abode, our guide can help.
Bidding Wars: 4 Ways to Win That House
After months of searching, you’ve finally found your dream home, and at the right price – but unfortunately for you, so has someone else. Bidding wars emerge when there’s hot interest on a home among buyers, and can drive an asking price through the roof.
Read these tips for surviving a bidding war – and how to know when it’s time to walk away for the sake of your budget.
Read Allan’s Blog | 4 Ways To Win That House
9 Value-Adding Home Staging Tips
First impressions are everything – especially to home buyers! If you’re looking to sell your home, don’t let a shabby yard or inside clutter be a turnoff to buyers.
Staging your home can be an effective way to increase its value with little effort and investment. From repainting to renting furniture, here are a few easy how to’s.
Read Diane’s Blog | 9 Home Staging Tips
Set Smarter Starter Home Expectations
The search for the perfect first home can be an exciting experience – but can often end in heartbreak as would-be buyers realize their wants and budget don’t exactly meet in the middle.
For many first timers, the challenge is setting realistic expectations. Check out these ways to avoid starter home disappointment, and make the most of your down payment savings.
Read Melanie’s Blog | Set Smarter Starter Home Expectations
And in this week’s finance headlines…
What is a REIT – And Should You Invest?
There have been many headlines recently about REITs, and how many of Canada’s large retailers are starting their own. Read on to learn what REITs are, and whether they could be a good investment for you.
Read Rubina’s Post | What Is a REIT?
Helping Your Kids Buy a Home? Protect Your Own Finances
Many parents are happy to help their adult children with the purchase of their first home – but family and money matters don’t always mix. Here’s how to give your kids a hand with their down payment or mortgage, while still protecting your own finances.
Read Gordon’s Post | Helping Your Kids Buy a Home?
The Best Mother’s Day Is One Without The Kids
The results are in from RateSupermarket.ca’s ultimate Mothers Day giveaway! It’s time to unveil our winner!
Read Kelvin’s Post | The Best Mother’s Day Is One Without The Kids
Insurance Overlooked By Many First Time Buyers
A common mistake made by first time home buyers is overlooking some types of home insurance coverage.
Read Gordon’s Post | Insurance Overlooked By Many First Time Buyers
Is The Mortgage Market In For a Major Cooling Period?
New stats for starts suggest the Canadian mortgage market is in for a period of moderation, especially in once-hot urban condo markets. What does this mean for new home buyers?
Read Drew’s Post | Is The Mortgage Market In For A Major Cooling Period?
Finance Lessons I Learned From Mum
What finance lessons did you learn from your mother? Blogger Andrew Seale shares how he learned the basics of bank accounts and savings from his.
Read Drew’s Blog | Finance Lessons I Learned From Mum
Adult Boomerangs Cause Parents Big Bucks
Boomerangs, adult children who return to live at the family home for financial assistance, are putting a strain on their pre-retirement parents.
Read Drew’s Blog | Adult Boomerangs Cost Parents Big Bucks
Canadian Young Adults Face Tough Hurdles
Meet Get Out Of My House guest judge Benjy Katchen. Read on for his commentary on the financial challenges facing today’s young adults.
Read Benjy’s Blog | Canadian Young Adults Face Tough Hurdles
This week on Money Wise, we asked Canadians:
What is the biggest challenge facing home buyers?
77.5% say saving for a down payment is the toughest barrier to home ownership – coming up with a nest egg large enough to avoid taking out CMHC default insurance takes time and effort.
16.7% say that tricky closing costs pose the most difficulty to would-be buyers.
5.9% say surviving a bidding war is the biggest deterrent to owning a home.
Get in on this week’s action! Head over to our poll and answer: