Home Buying | Evelyn Lopes Realty Team_Blog

Monday, March 11, 2024   /   by Evelyn Lopes

Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities

Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities

The question that is on everyone's mind ... "Is Now the Best Time to Buy a House? This spring provides some unique opportunities.
  ...

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Monday, February 26, 2024   /   by Evelyn Lopes

Navigating the Twists and Turns of a Rejected Home Offer

Navigating the Twists and Turns of a Rejected Home Offer

 

The journey to purchasing your dream home is often paved with anticipation, excitement, and, occasionally, the disheartening experience of having your offer rejected. However, a setback like this doesn't signal the end of your home-buying adventure; rather, it marks a crucial learning curve on the path to securing your future home.

When faced with a rejection, it's natural to feel a mix of disappointment, frustration, and even upset. Buying a home is a significant milestone, and emotional attachments form easily. Yet, it's essential to remember that each experience, especially the challenging ones, offers valuable lessons.

 

Understanding Why Offers Get Rejected

 

Several factors can lead to your offer being turned down, from a bid that falls below the asking price to more competitive offers on the table or terms that don't align with the seller's expectations. The key to moving forward is ...

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Tuesday, December 12, 2023   /   by Evelyn Lopes

Mastering the Financial Aspects of Home Buying in Canada

Mastering the Financial Aspects of Home Buying in Canada

Mastering the Financial Aspects of Home Buying in Canada
Are you thinking about buying a home in the Toronto GTA? Whether you're a first-time buyer or a seasoned real estate enthusiast, the financial process of purchasing a home in Canada can be both exciting and overwhelming. In this blog post, we'll explore key insights from experts about what you need to know when it comes to the financial aspects of buying a home in the Great White North.
Understanding the Financial Landscape
Owning a home is a significant life milestone, and it's essential to be well-prepared for the financial aspects of this journey. Let's uncover some valuable information provided by experts in the field.
Major Financial Costs
One of the fundamental aspects of buying a home is understanding the major financial costs involved. From the down payment to ongoing homeownership expenses, it's crucial to have a comprehensive understanding of what you'll n; ...

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Thursday, October 19, 2023   /   by Evelyn Lopes

How to Use Your Investments for Easier Mortgage Approvals- BMO Savers Mortgage

Unlock Financial Flexibility with BMO's Saver's Advantage Program: An Overview
Navigating the maze of mortgage approval can be a challenge, especially if you find that you don’t fit neatly into standard lending criteria. Whether you’re a retiree, self-employed, or a high net-worth individual, BMO’s Saver’s Advantage Program may be the solution you’ve been searching for. In today’s blog post, we will provide an overview of this revolutionary program that leverages your investments and savings to make mortgage approval easier than ever.
What is the Saver’s Advantage Program?
The program is designed for those who may not meet standard lending conditions but have a strong portfolio of savings and investments. Instead of shutting the door on these clients, the Saver's Advantage Program offers a pathway to mortgage approval by acknowledging these assets.
The Power of Indirect Leverage
One of the cornerstones of this program is the concept of ...

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Monday, September 25, 2023   /   by Evelyn Lopes

From Agreement to closing- What happens after the agreement of purchase and sale is signed?

Ever wondered what happens after you sign the papers to buy a house? Buying a home is a big deal, and there are many steps to take before you get the keys. Let’s look at the process and break it all down into simple steps transitioning from accepted offer to the closing and move in day.
Step 1: Sign the Papers and Pay a Deposit
First, you and the seller will sign a contract called an "Agreement of Purchase and Sale." This document spells out in writing everything about the purchase of the house including, the legal description of the property, the agreed upon purchase price, the deposit amount, any conditions that are part of the agreement such as conditions on financing, home inspection, status review if it is a condo. Essentially, this paper says you agree to buy the house and how much you'll pay for it. It will also detail the closing date- or day on which you plan to move into or out of the home if you are the seller. After signing, you'll give some money as a deposit. ...

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information deemed reliable but not guaranteed.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
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