Monday, March 21, 2016 / by Hani Faraj
Things Needed After Purchasing A Home
Now that you’ve signed all the paperwork and your loan is approved, it’s time to move in. But wait! Before you put your feet up, there are a few things that you will need in order to make your new house a home.
Regardless of whether you purchase a newly constructed home or one that was formerly owned by someone else, it’s important that you have the locks changed. Everyone from REALTORS® and contractors to friends and family of the former owner may have a key, which is why getting new locks should be at the top of your list.
You can’t hang your hat without a hatrack, so don’t forget to add some necessary furnishings. Some homes may include appliances and possibly even some furniture, but most homeowners prefer to decorate their house themselves. After all, someone else’s taste in decor may ...
Monday, March 14, 2016 / by Hani Faraj
Are Your Neighbours Affecting Your Home’s Value?You have put your home up for sale and done everything your agent has advised you to do to prepare your property for sale, but still no offers have come in. If you suspect your neighbour’s property is preventing your home from appealing to potential buyers, there are a few things you can do to remedy this situation. Here are some tips for dealing with problem neighbours while selling your home.
Are Your Neighbours The Problem?Before banging down the neighbour’s door and blaming them for your home’s lack of appeal, you’ll first want to make sure that is really the problem. Ask your agent what they think the problem is, and whether they agree that the neighbours may be preventing the sale. Also ask other homeowners in the area what they think of any problem neighbours to get perspective before making that visit.
Use Tact When Approaching NeighboursIf y ...
Thursday, March 03, 2016 / by Hani Faraj
Buying Verses Renting A Home When it comes to a home, you have two options: buy or rent. What is right for one person may not be right for another, which is why it’s important to know which is the best option for your individual situation.
Why People Rent There are a number of reasons why someone may either choose or be forced to rent, including sporadic or unpredictable income, a high debt-to-income ratio, a bankruptcy or foreclosure within the last six months, unpaid collection accounts or judgments, frequent relocating for employment or the inability to save enough money for a required down payment on the purchase of a home.
Maintenance Matters As a homeowner, you will be responsible for any maintenance or repair issues that arise. This is a big consideration when choosing whether to rent or buy. When you rent, the property owner is responsible for repairs and it may not always be obvious that these issues can be very cos ...
Sunday, February 14, 2016 / by Hani Faraj
“it is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Charles Darwin
In December a lot of companies send advertisements to agents to wish them happy holidays, or send them marketing materials for the year ahead. I received a calendar with the above quote and little did I know how important it was going to be for me and my clients this upcoming year. I ask you to keep an open mind as you read ahead. We can’t change what is taking place in our market, but what we can do is manage how we react to it.
Dear Vancouverites, I’m writing this blog to help all buyers and agents who are helping their buyers get ahead of this market. I want to help everyone win, if you need my help, just reach out. I know it’s crazy out there. Homes are selling with multiple offers, no finance subjects, and often times no ...
Monday, January 04, 2016 / by Hani Faraj
Last month Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five percent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down payment for properties up to $500,000 remains unchanged.
So for example on a $700,000 purchase, the down payment will be 5% ($25,000) on the first $500,000 and 10% ($20,000) on the remaining $200,000 for a total down payment of $45,000. An increase of $10,000 to the consumer on this example. This is great opportunity to touch base with your clients.
See below link for the governments official news release.