Types of Home Ownership
There are 3 categories of home ownership, each has its benefits and drawbacks. Which type will work best for your needs and your lifestyle.
Mortgage Glossary
Amortization period: The actual number of years it will take to pay back your mortgage loan. Appraised value: An estimate of the value of the property, conducted for the purpose of mortgage lending by a certified appraiser. Assumability: Allows the buyer to take over...Making an Offer
When it comes time to make an offer, your Royal LePage Real Estate Professional will provide current market information and help you draft a suitable offer. He or she will then communicate the offer to the seller (or the seller’s representative) on your behalf....8 Things to Look for When You Buy a Home
When you fall in love with a home, the things you like about it can blind you to its problems. Next time you go to an open house or tour a property with an agent, keep your eyes open with these top tips: 1. Take a look at general upkeep. Is it clean? Are lawns left...Qualifying for a Mortgage
Your Royal LePage agent can arrange to have you pre-qualified for a mortgage before you start shopping for a home. It’s easy, and you’ll avoid possible disappointments down the road if you fall in love with a place, then find out you can’t afford it....The Elements of an Offer
Here’s a quick reference to everything you need to know about making an on offer on a property. 1. Price Depends on the market and the buyers, but generally, the price offered is different from the asking price. 2. Deposit Shows the buyer’s good faith and...
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