February 2021

Found 14 blog entries for February 2021.

The Saskatoon real estate market is hot right now. Buyers are searching for homes for sale quicker than they are coming on the market, and homes in certain price ranges are seeing an increase in value. This is making it even tougher to get onto the property ladder as a first time home buyer. These programs from the Government of Canada may be helpful to you if you are ready to start your house hunt:

The First Time Home Buyer Incentive

The First-Time Home Buyer Incentive is just like it sounds—an incentive for first time home buyers to buy their first house.

If you have the minimum down payment for an insured mortgage, you can apply to finance a portion of your home through a shared equity mortgage with the Government of Canada. For a purchase

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Finding a foreclosed property for sale is not easy—it takes patience and a lot of searching. But the thought of finding a gem for a great buy is a dream for any investor, making foreclosed homes an appealing option!

Having said that, purchasing a foreclosure is definitely not for the inexperienced. And in order to handle the process best, you will need to have a strong team of real estate professionals on your side. Let’s take a deeper look into foreclosures and see if you’ve got what it takes to purchase a foreclosed home.

Buying a Foreclosed Property

Benefits: 

Great Price - Perhaps the biggest appeal to buying a foreclosed home is the chance to purchase a great property for less than market value. This is a very real possibility, since

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Some people may make the mistake of rushing into renting or buying a property, only to realize later on that there’s something that they dislike or is missing. I’m not talking about missing shingles or whether it is up to code or not—a proper home inspection can easily catch that. I am talking about those key features and lifestyle elements you and your family are looking for that take the property from house to home. Those should play just as important of a role in your home search as whether the plumbing has been installed correctly.

Below are my best house hunting tips to ensure you choose a property that you will love.  

#1 - Does It Check Your Boxes

My best advice before you even begin your house hunt is to evaluate your current home.

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Entering the real estate market and buying a home can feel overwhelming. You may be asking yourself where to start and what do I need to know? Well, to help you get started, I’ve compiled a list of frequently asked questions to help you get you ready for your home search!

What Should I Do Before Starting My Home Search?

This is a great question because it means you realize that buying a home begins long before the house hunt. Saving for a down payment may take months or even years to accomplish and having a down payment ready to go is the first step on your journey to home ownership.

Next, you will need to look into your finances, set a budget, and interview lenders to shop for your ideal interest rates and mortgage options. Once you’ve

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Moving can be an expensive and exhausting process, especially if you procrastinate on moving tasks like packing. However, simple acts like developing a packing schedule and colour-coding your boxes will have a large impact on keeping your move organized and efficient.

1. Develop a Packing Schedule

As soon as you have a general date of when you will move, you should start developing a packing schedule and try to stick to it as much as possible. There is no perfect packing schedule; you have to find what works best for you. You could set a goal of packing so many boxes each day, or you could block out certain days specifically for packing. 

You should also have a schedule of other moving-related tasks, such as transferring utilities and

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When you buy a home with a REALTOR®, you gain peace of mind knowing they’re trained professionals who work with property purchase contracts on a daily basis. Having said that, you are still the principal on this contract and you should never sign anything that you do not fully understand. Let’s dig a bit deeper into a typical real estate purchase agreement, specifically looking at conditions and clauses.

Real Estate Agreement 101

An Agreement of Purchase and Sale is a written contract between a seller and a buyer for the purchase and sale of a property. In the agreement, the buyer agrees to purchase the property for a certain price, provided that a number of terms and conditions are satisfied. 

The process begins when the purchaser makes an

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Do you know what a preferred buyer is and how to attain this status? If you are serious about buying a home in the near or not so distant future, understanding how you can become one will be important to you. Becoming a preferred buyer in a seller’s market could mean the difference between an accepted offer on the home you’ve fallen in love with and not even receiving a counter offer back. So how do you gain preferred buyer status?

Increased Deposit

An Increased Deposit will go a long way to making you a preferred buyer in the eyes of the seller, showing them that you have a little bit of skin in the game. Once a seller has accepted an offer, they traditionally lose other potential buyers and/or offers, leaving them at risk if something should

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SASKATOON REAL ESTATE REPORT

January Update:

January's residential sales of 278 units were up from December's total of 274. They were up 26.94% from January 2020 which saw 219 units sell!

- 124 of the 278 were in the price range between $200,000 - $349,999 (44.60%)

- $200,000 - $299,999 had 85 units sell (30.58%)

- $300,000 - $349,999 had 38 units sell (13.67%)

Is the market still hot? Last January there were 24 houses sell priced over $500,000. This January there were 42!

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 278 sales in January

 - 188 were single detached (67.63%) 

 - 50

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It’s easy to see why purchasing a primary residence is a strong investment strategy. It’s as simple as paying equity on your own home and increasing your net worth versus doing the same for your landlord. But did you know that Canadians also have the added benefit of the Canadian Principal Residence Exemption, making purchasing a primary residence a great first step to investing in real estate?

What is a Principal Residence?

The Canada Revenue Agency (CRA) states that any residential property owned and occupied by you or your family at any time in a given year could be designated as a principal residence. Your principal residence can by any of the following types of housing units:

  • House
  • Cottage
  • Condominium
  • Trailer
  • Mobile Home
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All work and no play?

No thanks! Life is all about finding your purpose & passion while having fun along the way. Okay, I admit, there are days when I just want to stay in bed and shut out the world, but I am human & mental health days are allowed! In fact, they are encouraged!

At the end of the day, it is so important to do work that you enjoy and that it is fulfilling to you. I can honestly say I love being an entrepreneur. My real estate and coaching businesses allow me to inspire, empower, and truly make a difference in people's lives. It took me a while to find my purpose and passion, but that is what makes life so interesting. It's truly a journey of self-discovery and being true to yourself!

I do not have a boss. I do not work 9-5. I

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