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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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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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Most homes sold in Saskatchewan have a home inspection condition in the contract of purchase because it is highly recommended that all buyers request one before they close on a property. Since there are often a lot of questions surrounding a home inspection, let’s take the time to review some of the more common ones:

What is a Home Inspection?

A home inspection is a professional consulting service that determines the present condition of the home’s major systems, based on a visual inspection of accessible features. 

A Home Inspection is: 

  • An in-field evaluation and professional opinion of the performance of the readily accessible installed systems in a home.
  • Primarily a visual inspection.
  • Intended to identify components that are
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The real estate market is data-driven and, as a REALTOR®, it is my job to not only be familiar with this data, but also to understand how it will impact both my buyers and sellers at any given time so that I can protect their best interests. There are those who will rely entirely on the experts to advise them, which is why I continually focus on this aspect of my job. But if you're at all interested in the basics, understanding what is happening in the real estate market for yourself before you dive in could give you an advantage over the competition.

Let’s take a look at just a few key market stats that will help you learn more about what is happening in your current real estate market:

Sale-to-New-Listing Ratio

Whether you are buying or

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In the past few decades, it has become more and more popular to purchase a fixer-upper as a way to invest in real estate. With the invention of the internet and YouTube, any DIY-er can quickly learn how to do practically anything—from refinishing hardwood flooring to mudding and taping walls. Removing that old popcorn ceiling? No problem! Opening up the wall between the kitchen and the living room? Simple! 

With a fixer upper, a real estate investor has the choice to contract the work or put in some sweat equity to really increase their ROI. Of course, the end goal is to make a profit when it comes time to sell. Whether the plan is to sell immediately or to live in the home for awhile and sell in the future, this can be a very realistic way to

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