Buying Real Estate

Blue Shores Collingwood Real Estate Update July 2019

Blue Shores Property Review Q2 2019​​​​ This is the only comprehensive Property Report for Blue Shores. Collingwood property sales have been steady for the year. Prices have risen modestly and buyers are more selective on the choice of their homes and are looking for value. This is indicative of a softening market. Collingwood Home Q2 Sales Statistics Q2 Volume Sales ​​$104,589,041...

First Time Home Buyers – Tips, Grants, Rebates and Government Programs

Knowing what you can afford is the absolute first step to buying a home in Collingwood or the Blue Mountains. You don’t want to go looking for homes and come up empty-handed because you thought you could afford more than you actually could! When it comes to mortgages, a stress test is a way of determining exactly how much you can afford and under what circumstances. For example, if your income was...

8 Walk-Through Issues That Can Delay Your Closing

Whether you’re a Collingwood buyer or a seller, you want your closing to go smoothly. The last transaction where you are rewarded with your money or your house, you want nothing to go wrong. Unfortunately, that isn’t always the case. A few days before closing, buyers are required to do a walk-through to ensure the property is in the same condition as it was when they bought it. As well, a...

Do I Buy Now or Keep Saving?

As a young potential home buyer, you may be getting advice from all over – your parents, your grandparents, your friends and from what you read in the news. The older generation may be espousing the notion of saving up at least 20% of your purchase price as a down payment for your first home. This will save you money and ensure you get a good interest rate on your loan, as you won’t have to qualify for...

How to Build your Credit Before Buying a Home

Buying your first home requires more than just your 5% minimum down payment. You need to be considered as a low-risk to potential lenders. This means that your credit needs to be in great shape, but if it isn’t, that doesn’t mean your home purchasing days are over. You can build your credit and put yourself into good standing so your lender is happy to loan you the hundreds of thousands of dollars...

Competing Against a Cash Buyer!

In the Collingwood, Wasagabeach and Blue Mountains property market a cash buyer is king. Offers with few or no conditions are more and more common, squeezing out the everyday buyer looking to upgrade their home. Many ‘would be’ sellers are sitting on the market because there is no place to buy - homes are listed and sold so quickly that it makes everyone’s head spin. So what is Joe and Jane...

What Will $500,000 Get You in Collingwood

You’ve heard the news: a detached home in the city of Toronto will cost you $1.28 million, with the average price of all homes (including condos and attached homes) is $728,051. Fleeing from the madness is probably your best bet. Getting away from the crazed real estate market in Toronto and buying in Collingwood, where the average buyer can actually afford a house is sure to pay off for you in the end....

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