Tuesday, May 28, 2024 / by Evelyn Lopes
What Makes a Winning Offer? - 12 TIPS for SUCCESS
Money isn't the only factor that makes a winning offer. In fact, sellers sometimes choose lower offers over higher ones. Here are the 12 key components of a winning offer:
1. Offer Price
Sellers are naturally drawn to the highest and most competitive offer. It’s not just about the numbers; it’s about value. When your offer is close to or above the asking price, it signals to the seller that you’re serious and willing to pay a fair market value for their home. Lowball offers can be a deal-breaker in a competitive market. Make sure your offer price is both competitive and compelling.
2. Financial Qualifications
It’s not just about putting down a price. Sellers want to ensure you have the financial capability to pay that price. Pre-approval letters from a reputable lender or proof of funds for a cash offer can significantly boost your credibility. Cash offers are particularly attractive because they em ...
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Monday, March 11, 2024 / by Evelyn Lopes
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
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
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
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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