05th November 2009
There are many stumbling blocks that can happen between deciding that now is the time to buy a home and actually securing a mortgage, finding a home and moving in. You must look at your finances in an impartial way – be truthful with yourself. Most peop...
05th November 2009
Are you a first time buyer, or as a popular HGTV show calls it, a “property virgin”. You may be confused and challenged by the real estate purchasing process. I will run this down for you point by point.
Let’s outline the advantages of buying first...
05th November 2009
Many home buyers particularly first time home buyers are totally unprepared for all the extra costs associated with buying a home and home ownership. Some buyers try to have the vendor pay for the costs. This usually means giving them a higher price than ...
03rd November 2009
ou have found the perfect home – your offer has been accepted and now it is time to close. Well the old real estate adage is well heeded, “the work doesn’t start until the offer is accepted”. It’s something akin to “it ain’t over till its ov...
03rd November 2009
You have had the misfortune of having to file for bankruptcy protection. Can you ever own a home? It does take seven years to completely remove all traces of a bankruptcy however you can in many cases obtain a mortgage and buy a home in a much shorter tim...
27th October 2009
Many people have decided that they would like to supplement their income and help to pay their mortgage by creating a rental apartment in their home. While there are many good and reasonably priced duplexes in PEI and it might be easier to market your exi...
27th October 2009
On PEI there are basically 2 types of landlords. There are conventional landlords that rent homes and apartments to residents. Then there are specialized landlords that rent cottages and summer homes to tourists and summer residents.
The marketing for...
26th October 2009
Regardless of the lender and regardless of how much money you can qualify for as a mortgage you should be considering your own finances and what you feel comfortable carrying as a mortgage when shopping for a new home. Remember that no matter how financia...
23rd October 2009
Is buying real estate on PEI all that different from buying land and property anywhere else in Canada? With a few exceptions that are unique to our local market the answer would be no. The basic steps of negotiation, offer and closing remain the same howe...
22nd October 2009
PEI, an acronym for Prince Edward Island, is Canada’s smallest province and can be found just 13 km off the east coast of Canada. It is situated across the Northumberland Strait from New Brunswick. As the smallest province in Canada it has a full-time p...
20th October 2009
Many older PEI homes do not have finished basements. Older homes in PEI tend to have been built on stone foundations. Before it was common to pour cement foundations, the island builders would create a basement or crawl space from stone blocks. In many ca...
19th October 2009
Windows as much as any other feature of a home add to its value at resale as well as providing for the comfort of the family. Winters in PEI, as indeed in most of Canada, feature snow and cold as well as other inclement weather. Having your home well weat...
16th October 2009
Buying a home is generally considered to be necessary to establish a good financial course in life. Purchasing and owning a home is the cornerstone of good financial planning as it acts as both a place to live and an appreciating investment. While it is p...
16th October 2009
PEI has a population of only 140,000 people on a good day and many of these are the descendants of the original settlers. Islanders, as the residents of PEI like to call themselves, are mainly of Scots, English and Irish descent, with approximately 14% F...
15th October 2009
PEI an island province off the east coast of Canada, known primarily for its red soil and island heroine Anne of Green Gables, is largely unknown by many Canadians. This was obvious in a recent television show where a PEI business person sought capital fr...
