Image by Getty Images via @daylife It is a sad fact that today there are more foreclosed homes on the market than ever before. While, unfortunately, this means that someone lost their home, it also means that you an opportunity to buy a home at a lower cost than traditionally. Understanding some of the factors that go into the process of foreclosure may help you find a real estate gem that is perfect for your needs. One of the best ways to buy a home is to approach the homeowner directly. This is a very sensitive time, so, as a potential buyer, you must approach the situation … [Read more...]
Benefits of Purchasing a Duplex
Image by reallyboring via Flickr When entering homeownership very few people consider the possibility of purchasing a duplex. Duplexes have a very negative reputation amongst homebuyers but there are many benefits you can receive just for purchasing a duplex. Here's a look at the benefits that can come from purchasing a duplex. Lower Maintenance and Repair Costs Many repairs and maintenance that needs to be done on your duplex will be considered a shared expense. This means you will have to get together with your neighbor and share the maintenance cost. While it might be difficult to … [Read more...]
Shopping for Homes, Shopping for Life
It's the transition you've been dreading: the shift from rented rooms to property ownership. A home must be found and purchased. A life must change. And you're... terrified. You don't have to be. Searching for a home doesn't have to be a terror. It can instead be a thrill, as long as you understand your needs and how to address them. Recognize what's best for your life, such as building a house or purchasing a foreclosure, and research what's available. Use directories like Canada 411 to find options for real estate agents and lenders. When you're looking at a location, consider the … [Read more...]