Spring home buying tips that you should know!

When spring approaches, many people start focusing on multiple activities; basketball season, spring break, holidays, moving house, buying /selling houses etc. Spring is most definitely the best season for buying and selling home and if you are looking to buy a home this spring, the following tips will provide some useful insights for regular and first time home buyers.

Talking to a mortgage lender

When it comes to buying a home, many experts would suggest talking to a Real Estate agent first. A Real Estate agent would be happy to help you find the right home as soon as you secure your mortgage pre-approval. Many sellers will ask what type of funding you have to make the purchase and with a pre-approved mortgage, you will be able to make instant offers. You get a pre-approved mortgage from a mortgage lender. It is best to describe and disclose all your financial goals about new purchase and your future plans. You might be just looking for a small house right now and will be willing to move to a bigger house in future. These sort of disclosure will help the lender to determine the right mortgage option that would best suite you.

Choosing a Real Estate Agent

Talking to multiple sources and selecting a referred Real Estate agent is wise.  You can ask family, friends or co-workers to get suggestions. As you are likely to work with your agent for a significant amount of time, it is important to pick someone who is not only good at their job but also someone that you like. It is imperative to pick someone who has local knowledge and expertise and can work on the area where you want to live.

Analysing and researching

Before moving to a new home, you should analyse the neighbourhood that you are moving in. There are a lot that depends on a neighbourhood; you can read our full article on how neighbourhood plays an important role in a successful move here.

Additional documentation

The lending rules might have eased up over the years but lenders still have the recent recession in mind. Mortgage loan officer might ask for different documentation from time to time and explanation of any big bank transactions if you have any. If you recently have changed jobs be prepared to explain why this was a better option for you. They might even be asked about benefits and commission packages.

Buying a home

Once you are pre-approved for a mortgage and your real estate agent have the knowledge of what you are looking for, you are ready to make an offer. It is important to work closely with your Real Estate agents and be on top of appointments. You should make sure that you really like the house before making any offers. If you are buying a house for the first time, it would be a good idea to take a friend or relative with you who have previously owned a house. They can point out valuable areas relying on their experience to help you make a better choice. Read more on the things/areas you should keep in mind while buying a house here.

If you are buying or selling home this spring, need a reliable and efficient Real Estate agent or have any Real Estate needs, Contact us today!


Moving To A New Neighborhood? How would you choose the best neighborhood?


A large part of a successful move depends on a neighborhood. Sometimes choosing the right neighborhood can be just as important as choosing the right home, especially when you are raising children. It is important to remember when you are moving to a new area, that you are not just changing a home, you are joining a new community. Not every neighborhoods are the same and similar, not every neighborhood are going to be a perfect fit for your individual needs. However, there are certain things to consider that could work in your favor to ensure that you are joining a better community.

Top preferences

It is better to make a list of the community features that you would prefer. You could ask yourself certain questions while writing down your thoughts. For example: Do you prefer to live in the city or in a quiet countryside neighbourhood? How far your workplace should be from your home? Is it important to have top schools in that area? Do you plan to drive or use public transportation to work? How close supermarkets, restaurant, shopping malls or parks are located?

Suitable lifestyle

It would be a high advantage to talk to some of the neighbours in the area that you are moving into. They will have a lot more and valuable information that are not available online or to a Real estate agent. You can ask them if there are any advantages or disadvantages living in that neighbourhood. If you have any concern about the area, you can discuss as well. In some neighbourhoods people don’t even know the people living next door.  Therefore, you should have a walk around the neighbourhood possibly on multiple occasions and different times of the day to have a feel for the environment. You can assess your preference list at that time and can picture yourself living there.


Homes that are located fairly close to good school district holds better value when it comes to Real Estate. You should consider the quality of school system in the neighbourhood you are moving. Good schools in a neighbourhood should be one of your top priority when you have children or are planning to have some. You would want to ensure that your child gets into a good school in order to get a good education. There are several websites online and even local council that will have the information about schooling system and quality of education of a respective area.


Regardless if someone uses public transportation or not, a high value home should have easy access to main junctions and routes. Access to nearby public transportation makes it easier to move around. If you intend to use public transportation, your home should have convenient access to public bus or trains. You can get help from Google maps to find out about transportation and public transportation related to your subject home.

Crime statistics

A safe neighbourhood should be at the very top of anyone’s list. You would want to feel safe in your neighbourhood while walking down the street or driving in your car. You can look at different statistics at Google about the crime rate of the area. If you look at statistics of the past few years, an ideal home would be where there are low or decreasing crime rates. Other than the information available online, the local council should have that information available. You can even contact the local police station with your concern for further help.


If you are an active person then you would possibly prefer certain amenities close by. Easy access to Gym, Park, Play-ground or Swimming pool would be a top priority. As the amenities of a neighborhood greatly depends on the location of the neighborhood, it is normal that you might not have access to all that you desire. An ideal community should be full of activities and events. You should have enough enjoyable activities to spend your free time.

Moving to a new location! Would you sell your house or rent it?

Owning more than one house can be beneficial especially when you know how to get the best out of it. On the other hand, for many of us selling the old house would make much more sense. In real life scenario what happen is, you buy a house. Everything’s going fine, but then you need to move to another property. Maybe by choice or sometimes work is forcing you to relocate. Either way, the big question that raises at that moment is: what to do with the old house?

Sell your old house and move on? Or rent it out? There can be no right or wrong answer but evaluating and understanding your options would help at such times to make a better decision.

What about the cash flow?

It is important to look at how much money is coming in/going out from your property. This is a simple calculation which can be beneficial. When your property is rented out, will it produce a profit after deducting all the expenses like mortgage, taxes, utilities, insurance, repairs, etc. If you see that your property will not make a profit, then it is a safe option to consider selling it.

Return on Investment (ROI)

You should make a rough idea about how much profit you would make if you sell your house in the present market. You should also keep in mind that you will have to deduct agent fees, closing cost, listing fees, etc. in some cases it might be wiser to hold on to the property if it generates positive cash flow and sell it when market value gets higher.

If you see that there will be a profit, consider the return you will receive on your investment. For example, if you could make $120,000 in profit by selling your house and achieve only $1200 per year in cash flow, that’s a 1 percent return on investment. It would make sense to take that $120,000 profit and invest it somewhere else that could produce a higher return.

Long term plan and Taxes

If you decide to hold on to the property, what would it look like in 10 or 20 years’ time? Would the value increase? What about the location, are things improving? Will the average household value decrease or increase? These are the questions that don’t have an accurate answer. However, by doing current trends analysis, you can have a fair idea about the market.

Tax is an important thing to consider while selling or keeping your house for long term. Normally if you sell a real estate and make a profit, you will have to pay capital gains on the scale up to 20%. However, IRS allows homeowners to exclude the scale up to 250,000 for a primary residence and $500,000 for married filing jointly. These numbers can change in time and you should keep in touch with IRS WEBSITE for the latest information.

Handle the tenants

If you come down to the decision to hold onto the property, you should ask yourself; are you willing to be a landlord? Many people don’t want to put up with the idea of being a landlord. It’s because some tenants can be a dream to manage where others can be just as much difficult. On the other hand, you can hand over the management duties to a property management company. This will help to keep your stress at minimum.

If you are in a situation where you need help making the decision to sell or rent a property, relocate, buy your first home or have any Real Estate needs, Contact us today!

Things you should know about Real Estate Open House

Open house can be beneficial to home buyers in many ways. Attending an open house will help to determine how much people are interested in that particular property. It also gives you a chance to get a glance of the neighborhood. You can take this opportunity to ask some questions and learn about the community. However, it is important to remember that if you like the property, make sure to follow up properly with your realtor to figure out all the facts. In Real Estate it is often not the best offer that a property gets sold to, it’s the first that get accepted.


It is useful to know how long the house has been listed on the market. If you feel like the house has been priced a little higher than what it should be and its days on the market is over 90 days, it is likely that house won’t sell at that price range. It is important to have a copy of listings advertisement at hand and be sure to ask any clarification you may have in your mind to seller agent. If you like the property, it is recommended to proceed with your own realtor. You can even book a personal tour and go and have a look with your realtor.


In most open houses the seller usually provides some paperwork or notes about the house. You can have your own checklist on your phone or notepad and go through them while visiting the house. Some of the basics that your visit should focus on are Home age, bed and bath/size, Natural light, Views, Noise level, parking, Community and school/college, etc.

Read more about the things you should look for while buying a house here

Gathering Information

A house can be listed on the market with or without furniture. It is advisable to seek permission before taking any photos or videos. Just because you are attending the open house doesn’t mean that you are going to buy the house. If you like the house, based on the information you collect will lead you to a decision if or not to further analyze the house. The fellow viewers might already have done some research, and if you can engage in a conversation with them, you will be able to gather a little more information. You should easily be able to obtain information about the neighborhood, schools or college, amenities, public transport, nearest supermarket, etc.

Open houses sometimes can be time-consuming and can drain a lot of energy. However, it is advisable to do so, it might take you dozens of home viewings before you realize what you like. You can take as much time as you need before you are fully confident. You can even use open houses as an opportunity to learn the market, gather data, build up your knowledge base and work with your realtor for future home purchases.

If you want to learn more about open houses visit us here. If you or anyone you know need help with buying/selling their home or need help with any Real Estate situation, feel free to contact us.