Real Estate made easy = But NOT for Dummies!

You know the market is “happening” when . . .
1) Those FOR SALE signs all seem to say SOLD
2) Street corners are littered with OPEN HOUSE signs . . . lots of Realtors are in town & working
3) Newspapers are bombarded with stats and after misguided predictions
4) They do this on a daily basis
5) You see lots of Reality TV shows on Staging and renovating
6) Every second conversation you hear at the coffee shop or bistro is about “My homes value is . . .” or “The neighbours house sold for . . .”

Some Basics to be aware of . . .
1) $1,341.00/month carries a $300,000.00 mortgage @ 3.5% (30 year amort)
2) A bit of that goes into your pocket because you are gradually reducing your debt (building your equity)
3) A condo maintenance fee is effectively, simply all the costs you will pay on your home added up in advance and spread out evenly each month to avoid any huge, unpleasant and stressful onetime costs (eg. “I need a new $7,800.00 roof!!!)
4) No house is perfect they all need ongoing $ to be spent on maintenance . . . just like a car or anything else for that matter!

Category : Blog

22 Comments → “Real Estate made easy = But NOT for Dummies!”


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