Whether you’re buying a house for the first time, the second or the seventh time, it’s still one of the biggest decisions you ever have to make. In order to ensure sheer success, you need Trusted Saskatoon Realtor Clark Dziadyk! Clark will ease your mind by taking the pressure off of you to find your dream home! Be assured Saskatoon Real Estate Agent Clark Dziadyk puts 100% effort into everything he does. He shares regular Saskatoon Real Estate Expert Tips with us and in his latest tip he shares RBC’s home-buying checklist for newcomers to Saskatoon.
Home-Buying Checklist for Newcomers
1. Figure out what you can afford.
Before you start looking for a home, get a general idea of how much you may be able to afford and what your mortgage payments would be. This will help you set a realistic price range so you can balance home ownership with your lifestyle needs.
2. Save for your down payment (if applicable).
Considering the high cost of homeownership in Canada, most newcomers (and most Canadians) don’t pay the full price of their homes all at once. Typically, buyers make a down payment on a home using money they've saved and then borrow the rest (through a mortgage) from a lender.
3. Understand your mortgage options.
There are a lot of mortgage features to choose from in Canada, and Saskatoon. Talking to a mortgage specialist is one of the best ways to make sense of all the options, and to help you save money over the lifetime of your mortgage.
4. Get a mortgage pre-approval.
Once you’re ready to buy a home, be sure to get a mortgage pre-approval. A pre-approved mortgage means the bank has made a commitment (subject to conditions such as a property valuation) to loan you the money for your home.
- You’ll know how much you can afford to borrow for your new home.
- You’ll be in a better position to negotiate with sellers once you have found a home.
- You’ll also know your interest rate.
Hire a reputable local real estate agent Clark Dziadyk! Your agent, like your mortgage specialist, can be an invaluable resource for you throughout the entire home-buying experience.
6. Start your home search!
As you start looking at homes, don’t just think about the type of home you want—also think about your lifestyle and how close you want to live near amenities such as schools, highways, medical services, shopping, restaurants and recreation.
f you are in the market to sell or buy a home, check out the links below!
'The Realtor® in Your Neighbourhood'
Homebuilders Deals & Incentives on New Construction
Mike and Crystal Green couldn’t have picked a worse time to look for a new home. In mid-February, Mike was offered a promotion to be a regional sales manager at a computer security company. The catch was the couple would need to relocate
The Greens accepted an offer on their home two days after it went on the market in early March. But by then, the Greens didn’t feel safe flying to check out houses given the coronavirus pandemic. The government was urging workers to stay home if possible and practice social distancing when out in public to combat the spread of the coronavirus.
That wound up working in their favour. The Greens went online and took a virtual tour of a home they liked. It was in a new development. They were able to choose custom details via Zoom and email—and got a discount on their new home
If they closed in March, and the builder would throw in a free Whirlpool refrigerator, washer, and dryer as well.
The Greens have plenty of company on the receiving end of a wave of aggressive incentives for buyers of new construction. With a global health crisis raging and the ensuing financial fallout with many workers laid off, homebuilders around North America are offering discounts, throwing in freebies, and covering closing costs to attract buyers and close deals.
They had to do something. Tours of new-homes have dropped and more potential buyers deciding to put off their new home searches until things truly settle.
CMHC
2020 summer edition of the Housing Market Outlook report provides forecasts for Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal. It builds on the Spring 2020 edition that focused on housing market activity for Canada and the provinces.
These reports give high and low range projections on new construction, home sales, house prices and rental market activity.
Housing forecast overview for Canada’s major urban centres
- Sales and construction have dropped
- House prices will likely fall because of uncertainty over the economy’s path
- It is possible that vacancy rates increase in the rental market
- Recovery in major markets is highly uncertain and will vary considerably
For Canada’s 3 largest cities, there had been steep employment declines according to Statistics Canada:
- 18% in Montreal
- 17% in Vancouver
- 15% in Toronto
Such large employment and income declines, coupled with uncertainty over the future trajectory of the virus, will lower the demand for housing in the urban centres. Housing starts should rebound by year-end, as projects, settled before the pandemic, should be starting soon. Rental apartment starts will benefit from the slowdown in the demand for homeownership.
By 2022, housing prices should be following a slight upward trend and even exceed their pre-pandemic levels.
Buyers may also get deals on custom homes
While deals on newly constructed homes abound, buyers can also shop around for discounted lots where they can have their dream homes built.
Whether you’re buying a house for the first time, the second or the seventh time, it’s still one of the biggest decisions you ever have to make. In order to ensure sheer success, you need a Trusted Saskatoon Realtor like Clark Dziadyk! Clark will ease your mind by taking the pressure off of you to find your dream home! Clark puts 100% effort into everything he does. In his latest Listing tip, he shares the best time to list your home for sale. Clark Dziadyk is 'The Realtor in Your Neighbourhood'
When Is The Best Time To List Your Home For Sale?
One of the most frequent questions I get asked from homeowners considering the idea of selling their home is, "When is the best time to list our home for sale?"
While the answer to the question isn’t necessarily black and white, and there are often many social and economic factors to consider, the following is my take on when the best time to list our home for sale would be. Everyone has their own reason for selling, but this advice applies to anyone who has the luxury of time on their side and the choice of when they would like to list.
You may have heard other Realtors® talk about
'time of year' when referring to the best time to sell, whereas I think the right advice is much deeper than that. I believe the question that needs to be asked is "what style of property are you wanting to sell?".If it is an acreage property you own, then the main selling feature of the property is often the land and would be best shown in the summer months when foliage is in full bloom. Ideally, you would want to list in April or May as this is when most acreage buyers start up their search.
If it is a condo you are thinking of listing, whether it be a townhome, stand-alone home (bare land condo), or apartment style; I believe the best time to list is when the competition is low. For example, if there are several other apartment-style units for sale comparable to yours in the same complex or building, chances are you are going to sit on the market for a while. Unless you have something completely unique to offer that your competition does not (eg.- view, additional parking, top floor, etc), then waiting until there aren’t as many comparable units for sale would be best.
Similarly, the same is true when considering selling a single family dwelling (stand-alone home). If there are many homes for sale comparable to yours in your immediate area,
waiting until the competition is thinner might just be your best option.
If timing is not on your side and you need a quick sale,
contact me today and he would be happy to discuss a strategy to achieve top market dollar for your home!
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