Tips from an RBC lender!

The following 7 tips can help you stay informed, save money, and reduce anxiety when it comes to selling your first home and buying the next one.

  1. Get pre-approved for your new mortgage. Call Mary Rushlow 613-966-5515. There may have been changes to your financial situation or mortgage rules since you bought your first home, so it’s important to know how much you can afford before you spend too much time looking for your next home. It’s always a good idea to set your price range first!
  2. Know all the costs. When it comes to buying your next home, the same costs apply as when you bought your first one. You’ll need to be prepared to cover items like: land transfer tax, lawyer fees, and mortgage insurance (if you’re taking on a high ratio mortgage). When it comes to selling your home, your realtor will earn a commission from the sale. Make sure you know how much that commission will be, and how much money you’ll have left after covering this expense. Suggested Next Step: Speak with Mary Rushlow 613-966-5515 an dunderstand  the costs involved in buying and selling
  3. Choose the right time to sell. Seasonally speaking, spring is often the best time to sell a home. The onset of better weather means your house will show better, and more buyers are willing to get out and look at homes. Plus, many people like to move in the summer, before the school year starts. Ultimately, however, the right time to sell comes down to when you are ready – such as when your family has outgrown your current space, and when you can afford to make the move. Suggested Next Step: Speak with Mary Rushlow who can recommend a realtor about the best time to sell your home
  4. Make sure your home is ready for a sale. You’ll want to get the best return when you sell your home . This means you want the interior – and the exterior – to look its best. Inside your home, try to remove any clutter or extra furnishings that might make your space look smaller or less functional than it is. Also, if there are any obvious repairs to your home, it’s best to make them before putting your home on the market. On the outside, make sure your landscaping is adding to the curb appeal of your home. Suggested Next Step: Speak with Mary Rushlnow who can refer you to  a realtor for tips on how to prepare your home
  5. If possible, sell your current home before you buy. While this may not always be possible, selling your home first can remove the anxiety of having to do it according to a pre-determined (and often accelerated) schedule. Plus, if you’re not able to sell by your ideal date, you may get stuck carrying two mortgages, which can be very expensive. Suggested Next Step: Work out a buy and sell plan with Mary Rushlow and your recommended realtor
  6. Try to coordinate closing dates. If you sell first, you have a measure of control over when the closing date will be. It’s best to choose a long closing – i.e. 60 days or more – to give you time to find and purchase your next home. It can also be a good idea to arrange a closing date for your new home that’s a few days earlier, so you can make sure it’s ready to move into. While you will incur some additional costs to set up bridge financing, this practice can reduce stress and make sure your move happens smoothly. Suggested Next Step: Speak with Mary Rushlow about  pros and cons of bridge financing-very cost effective
  7. Look at ways to use the equity in your current home. If the reason for your move is to get more space or an improved living area, think about how you can use the equity in your home to renovate, before setting your mind on moving. Examine the costs required to make home improvements, and compare them to moving costs. It’s often cheaper to renovate than to relocate.
  8. If you are selling for the first time, you want to make sure you’re getting the best price for your home, and able to coordinate your move so that you’re not stuck carrying two mortgages for an extended period of time. You also want to know all the costs involved in both buying and selling so you’re going into your next move informed and prepared.

Moving has many challenges but keeping these tips in mind as you start to consider it can help make your move into that new home as simple and stress-free as possible.   Hope this helped with understanding the process of buying and selling a home, NEXT STEP – Call ME , your Realtor!   Dawn 🙂

33 Somerset St Trenton close to CFB Trenton

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MLS # 2133487

$197,900

This 3+1 bedroom, 2 bath home features large eat-in kitchen, walkout from master bedroom plus walkout lower level and fenced backyard with tier decking. A newly paved drive, wired for hot tub, upgrades F.A.G.AND CENTRAL AIR 2010,vinyl siding and wrapping 2012 soffits and fascia and eaves,main floor windows capped, eating area window replaced 2012,most windows replaced,2 steel doors, new carpet in rec room,4th bedroom and stairs, m/f bedroom doors replaced, back splash and countertop. Most of home freshly painted.

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Cute eat in kitchen.

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Bright sunny living room

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Bedroom

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Nice rear yard

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Tiered decking

 

Call or email for a viewing.

 

Super Starter Home – 4 Wilson Cres Trenton

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MLS # 2133284

$164,900

Super cute and cozy 2 bedroom home with a detached single garage, fully fenced rear yard and lovely deck off the dining room. All the work has been done for you, furnace and central air in 2005, roof 2005, most windows in 2008 and front window done in 2012, just move right in. The home has been freshly painted and is tastefully decorated in a neutral palette.

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Bright sunny living room and dining room with hardwood flooring and patio doors to the deck.

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Galley style kitchen

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Spacious bedrooms

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second bedroom

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Well maintained rear yard and deck

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Set up your appointment to view this property.

657 Front St Trenton , Close to CFB Trenton

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MLS# 2133265

$164,900

Move in and enjoy this roomy 3 bed, 2 bath 2 storey home situated on a fenced and well landscaped lot. Updated windows and doors. F.A.G furnace with central air. Approx 1 yr new built-in dishwasher. Lots of hardwood flooring. Walkout from kitchen to deck. updated kitchen cupboards,closet organizer in master bedroom closet. Shingles Nov.2012

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Master Bedroom

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Finished lower level

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Large kitchen area

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Separate Dining Room

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Bright sunny living room with hardwood flooring.

Call now for an appointment to view

18002632177