We are qualifying conventional mortgages

Good News!!!

We are qualifying conventional mortgages at contract rate vs the benchmark of 5.19%.

If a buyer qualifies for $500,000 anywhere else we can approve them for $630,000 that is 26% more buying power.  It also means they need a 20% smaller down payment on their purchase.

With the spring market starting to heat up, it might be a good time to send out a reminder to share.

Call us now for your mortgage and real estate assistance.

Dan Jones: 250-488-0226 | 1-800-734-0457 (toll free)

BUYER INFORMATION: Housing Needs

No matter what kind of home you’re looking for, there are some key features to consider. Always remember that you will find large townhouses and small single-family homes, so looking for what you want in a home is as important as the type of dwelling. Your REALTOR® will ask many questions before the hunt begins.

Where will your family spend most of its time? Kitchens are a popular family gathering area. Make sure your prospective kitchen can handle the traffic. You may also want an eat-in kitchen or one with a breakfast nook, allowing you to keep the dining room for special occasions.

How much bedroom space do you need? Some people prefer small, plentiful rooms to house children, frequent guests or a home office. Others prefer fewer, larger rooms. Of course, if your budget permits, many large rooms would probably be ideal!

Bathrooms are also a major point to consider. How many bathrooms does your family need to handle peak traffic times? Is one enough? (Not likely!) While one per person might be more like it, that dream may not be affordable. Make sure the home you’re ready to purchase has sufficient bathroom space and that the bathrooms are comfortable. When looking at bathrooms, ask yourself how important a window is for light and fresh air.

Note: Hot water is always a problem with a large family. Remember, most hot water tanks are rented from the utility company. You can always have them upgrade the size of the hot water tank for a minimum cost.

When it’s time to relax and entertain, how will your prospective home meet your needs? Do you want a formal living room, or a room where your family can stretch out and watch television? Do your children need a play area or your teens an entertainment room? Some homes have a living room and a family room.  

 

 

 

 

 

 

 

Attics and basements can be wonderful storage areas, or can serve as additional living space. If extra space is important, you will want to consider a finished basement. Everyone seems to have their own definition of what this means. Take a good look at the workmanship. Was it done by a professional? Do you see yourself redoing a sloppy job? A poorly finished basement can be more work than a completely unfinished area. Some signs to watch out for are moisture along the floor lines and corners of all exterior walls and pungent odours which may also be a sign of moisture, mildew, and/or mold which can be costly to repair.

A brief word about closets. Look at the clothes you have now. Add another half, and then look for closet space to hold it all. If you’re like most of us, you’ll never have enough closet space!

Heating and cooling systems are also key features to consider. When it comes to heat, natural

gas, oil and electric furnaces are all options. Older homes may even have hot-water radiators. Still other homes have baseboard heaters. Make sure you find out about the maintenance and condition of the heating system as well as annual operating costs. If you’re thinking about air conditioning, think about how expensive it would be to add central air, or if a window unit would suffice. Try to get on to a “Homeowner’s Insurance Plan” with the utility company. For a minimum annual fee you have guaranteed regular maintenance and repair. As you can imagine, each type of home has its advantages and drawbacks and no two buyers will have the exact same wants and needs. The only way to truly evaluate which home is right for you, outside of price, is to consider what you absolutely must have and what you can live without. Before you go house hunting, prepare a list of ‘can’t live without’ features and a list of ‘would be great if…’ features.

Preparing For Your Open House

Open House - Dan Jones

 

 

 

 

 

 

 

First impressions count when selling your home – especially during an Open House. Your REALTOR® will help you prepare for your open house by suggesting many ways you can present your home in its best light and increase its saleability factor.

An open house is just one aspect of an effective marketing plan your REALTOR® will develop to sell your home and one of the many services a REALTOR® provides.

Tips and advice on how to get to your house ready for sale are also part of a REALTORS® expertise.

He or she will advise you about things like de-cluttering and de-personalizing your home as well as minor improvements such as painting and rearranging furniture. Obviously, you will want to ensure your home is squeaky clean for your open house and there are other simple touches that can make your home even more appealing.

Fresh flowers are an easy way to give your home a cheery and well-looked-after feeling. Invest in enough flowers to place one large bouquet for impact either in the foyer or the living room and a few smaller ones throughout the house. The scent of fresh-brewed coffee, home-made bread or cookies can also be very welcoming. See the list below for more Open House preparation tips.

REALTOR® Open House

Your REALTOR® may suggest you first hold an open house for REALTORS®. Other REALTORS® are already working with buyers who may be interested in your property and will inspect your home with their buyers in mind. An open house for REALTORS® is also more convenient for you, eliminating many of the single inspections that would be otherwise necessary.

Your REALTOR® will likely recommend you hold at least one or more open houses for the general public as well. This type of open house tends to attract many browsers. But if your home is clean, attractive, in good repair and well-priced, it may just turn a “browser” into a buyer. Also, many purchasers want to get the ‘feel’ of several neighborhoods before they begin working with a REALTOR®. An open house often attracts these buyers.

Chances are your open house for the public will be held on a Saturday or Sunday since that’s when most people are likely to have free time for cruising around the neighborhoods they are interested in.

Although you may be curious, it’s a good idea for you and your family to leave the home during an open house. Your presence could be distracting and potential buyers may rush their visit to avoid disturbing you. They may be hesitant to comment on your home while you’re there and, generally, feel more relaxed if the owner is not present.

Your REALTOR® may also suggest you temporarily remove your dog, cat or other family pets from the property since their presence could also be distracting.

Here are some tips to help ensure a successful Open House:

  • Remove or lock away valuables such as jewelry, cameras, compact discs, valuable coins and currency;
  • Attend to potential hazards – electrical wires crossing open areas, sharp table or counter top corners, slippery stairs and walkways, fragile items that can be easily damaged;
  • In poor weather, provide a place at the front door for overshoes, boots, umbrellas, and coats;
  • Avoid cooking food that would leave strong odors behind;
  • A warm fire on a cold day can be a nice touch, but ask your REALTOR® first since he or she will have to tend to the fire in your absence.

Spruce it up!

Often the smallest defect can be a turn-off to some potential buyers. Use this handy check list to assess what needs cleaning, mending, or changing before the big day:

Floor Coverings (includes carpeting, tile, linoleum, hardwood, etc.)

  • Dirty or stained?
  • Worn or damaged?
  • Is there hardwood under carpeting that can be restored?
  • Walls, ceilings, baseboards:
    • Any fingerprints or stains?
    • Any holes, nails, tape residue?
    • Are they all neutral or complimentary colors?

Doors

  • Do they squeak?
  • Are the handles secure and working properly?
  • Any stains or other damage?
  • Windows:
    • Are they clean and crack free?
    • Do they open easily?
    • Are the coverings clean and also easy to open?

Lighting

  • Is there sufficient light?
  • Any broken switches; exposed wiring?

Pet Areas

  • Are these clean, organized and odor free?

Kitchen and Bathrooms

  • Are countertops organized?
  • Are all sinks and faucets working properly?

Other Rooms

  • Have all areas been thoroughly vacuumed and dusted?
  • Has all clutter, including excess furniture, been collected and removed?
  • Are books, toys, clothes all neatly stored?
  • Do mirrors look clean?
  • Are window coverings open?

Outside the home

  • Are all exterior surfaces, including decks, pools, walkways and driveways clean, clear of clutter and in good condition?
  • Do fence and other gates open easily?
  • Are the lawns mowed, walkways clear of snow, leaves removed, trees pruned, garden weeded, hedges trimmed?