Archives for Real Estate Information

Reverse Mortgages: What to consider when considering a reverse mortgage

August 14, 2018 | Comments Off

Reverse Mortgages What to consider when considering a reverse mortgage… Reverse mortgages allow homeowners to use the equity in their home as a loan, it’s a financial strategy that is getting more common. This may be in part because a large segment of Canadian Baby Boomers (born between 1946-1964) “is on strong financial footing and on a clear path to being mortgage-free, if not already.” But what exactly is a reverse mortgage, and how does it work? Let’s examine the concept of a reverse mortgage, and some of the benefits and downfalls. What is a reverse mortgage? A reverse mortgage is a
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The Search Is On – Listings: How the majority of buyers & sellers find listings in 2018

August 7, 2018 | Comments Off

As the age of technology and the Internet continues to thrive, many industries have developed over the years to incorporate the constantly changing world of advertising and reaching potential clientele. Long gone are the days of people driving around on the weekends in search of potential listings, and fewer are checking the paper in search of their potential dream home. Despite these changes, the housing market is still booming and buyers and sellers alike are finding their future properties. The real question is, how has the search for real estate listings changed? The majority of that question can be answered
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Listed, Viewed, Sold! Steps in the home selling process

July 23, 2018 | Comments Off

Listed, Viewed, Sold! Steps in the home selling process Selling your home is a big task, and an important one to pay critical attention to – as your house is typically your biggest asset. Ensuring that you’re ready to start this journey is key, and being as prepared as possible can ensure your house is sold for its’ top value. There are many important steps along the way when it comes to selling your house, and to take off some of the pressures, we’ve laid them out for you in this article. Find a realtor Your realtor is going to be
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Choosing a Realtor That’s Right for You

July 16, 2018 | Comments Off

Choosing a Realtor That’s Right for You When it comes time for you to buy or sell your home, you’ll want to be sure that you have the guidance and support necessary for you to make a decision you’re most comfortable with. With that said, finding the right Realtor is just as (if not more) important as finding the right home. We know that by choosing Royal LePage Team Realty you are trusting us to ensure your real estate transaction goes smoothly and that your interests and investments are protected, our REALTORS® take this responsibility very seriously. Selling your home? Albeit a
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Why summer is a good time to move…

June 28, 2018 | Comments Off

Why summer is a good time to move… School’s officially out for summer! If you’re like us, you’re probably thinking beaches, holidays, cottages… any activity that will get us out to enjoy the warm weather…but it can also be a perfect time to move! While there might not be as much real estate activity in July as there is in May, it may surprise you to find out that June, July and August are busy months in Ottawa real estate, especially in recent years. The weather is fine and there are still a lot of great opportunities to buy
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The Walls Have Eyes – And Maybe Ears

May 11, 2018 | Comments Off

Real Estate Listings and Surveillance Systems Have you ever wondered if a house you’re looking at, might also be looking at you? Well, you’re not alone. It’s a common question when it comes to real estate listings regarding home surveillance systems, or “nanny cams.” Although there is technically no legal position preventing homeowners from having their surveillance system, it can’t help but feel a little creepy to consider that the seller may potentially be watching you as you look at their home. Some homes may have signage stating that there is video/audio surveillance. However, it is not always required depending
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What Home Buyers Should be Looking for When Viewing a Property

April 23, 2018 | Comments Off

You’ve done your research, found the perfect Realtor, crunched the numbers, created your list of must-haves and now it’s time to start the exciting process of HOUSE HUNTING! When you’re looking at homes for sale it isn’t always easy to look beyond the cosmetics. Not to worry, we’ve created this handy graphic to help home buyers to stay focused. Empty attachment or post type not equal ‘attachment’
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March Market Snapshot

April 5, 2018 | Comments Off

Empty attachment or post type not equal ‘attachment’ Buyers Get a Jump on the Spring Market taken from the Ottawa Real Estate Board April 5, 2018 Members of the Ottawa Real Estate Board sold 1,660 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,478 in March 2017, an increase of 12.3 per cent. The five-year average for March sales is 1,339. March’s sales included 358 in the condominium property class and 1,302 in the residential property class. “Inventory continues to fall below normal average, but we are still seeing more sales than last year because
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Buyers Toolkit – Springtime

March 26, 2018 | Comments Off

Buyers Toolkit – Springtime Spring is in the air, and the real-estate market is ramping up for the beginning of buyers’ season. Things tend to move faster in the spring and houses for sale are often sold shortly after they are listed. As a potential home buyer, it is important to be prepared as possible before you start looking at potential homes – that way, the chance of losing your “dream home” to another buyer is greatly decreased. You may be wondering … “What are some of the important things that can help you stay on-top of, and ahead of
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Wanted: Ottawa Homes for Sale

March 5, 2018 | Comments Off

Wanted: Ottawa Homes For Sale When the calendar rolled over into 2018 many real estate experts across Canada were speculating the housing market to “cool off” with tighter mortgage rules and higher interest rates impacting home buyers. While that may be the case in other real estate markets, in the Ottawa Real Estate market the biggest factor in February’s 2.8% drop in the number of sales (year over year), is that listing inventory is scarce. “There is no doubt our sales number would have been much higher if we had more properties available for sale. Buyer demand is there, but our
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LAUREE JOHNSON