Four Pillars of Home Buying

By: Mudit Mehta

Four Pillars of Home Buying

Tags: Real Estate

  n this write-up, we will review what are the four most important factors to consider when buying a home for ownership or as an investment. Location – The location of a home plays a very important role in the future growth and Return on Investment of a property. How is the average family income of the neighbourhood, what is the ownership/rental composition of houses in the neighbourh...Read More

Home Pricing in Real Estate

By: Mudit Mehta

Home Pricing in Real Estate

Tags: Real Estate

For the Sellers, there is a checklist that one needs to take care to put the home on the market, but nothing is more critical than the pricing strategy when you decide to sell a home. In this article, we will try to explore why pricing is so important and discuss some pricing strategies one can adopt for sale. The importance of pricing it right the first time is critical because the opening 8-10 ...Read More

Listing The Right Way

By: Mudit Mehta

Listing The Right Way

Tags: Real Estate

  Selling a home is a project which if planned and executed right can reap the due benefits by allowing us to sell the property in less amount of time and at a reasonable price. The first and most crucial step in selling a property is its evaluation and agreeing on the right Pricing which is fair in the current market and justifies the property. This needs to be arrived at objectively, and ...Read More

Navigating Multiple Offers in Real Estate

By: Mudit Mehta

Navigating Multiple Offers in Real Estate

Tags: Navigating Multiple Offers

  In heated Real Estate Markets where inventory is restricted and demand is on the higher side, we observe Multiple Offer Situations. There might be a scenario where multiple parties liked the property the day you saw it, and more than one of them would like to put an offer for purchase. This is a typical Multiple Offer situation where more than one offer is competing. The first thing I wou...Read More

Understanding Home Equity Line of Credit

By: Mudit Mehta

Understanding Home Equity Line of Credit

Tags: Home Equity Line of Credit

A secured line of credit is essentially a low-interest loan that a financial institution offers you against your investments as collateral, generally your own Real Estate property or Guaranteed Investment certificates, etc. Since your owned asset backs the line of credit, it has a relatively lower interest rate and higher credit limit. The lender has a safety net that they can acquire and freeze ...Read More

First Time Home Buyer Incentive

By: Elixir Real Estate

First Time Home Buyer Incentive

Tags: Real Estate

There has been a lot of articles and gray areas around the provision of new First Time Home Buyer Incentive (FTHBI), which is a federal program and has been launched in Canada on Sep 2nd, 2019. Let’s review when and where this program applies and get a real understanding of this first time home buyer incentive. Also, towards the end, we will consider whether it is a good option to exercise....Read More

Understanding Development Charges

By: Elixir Real Estate

Understanding Development Charges

Tags: Real Estate

When you are looking to buy a high rise condo as a pre-construction project or by way of an assignment sale which is prevalent these days, we hear a term call Development Charges. This article is for bringing clarity and remove confusion around development charges; these are the fees collected by the local municipality from the developers at the time when they apply for a building permit, and it ...Read More

Home Buying Guide – The Complete Reference

By: Elixir Real Estate

Home Buying Guide – The Complete Reference

Tags: Real Estate

  This article is prepared to inform a first-time homebuyer on the most important questions which need to be acknowledged and answered to make a good decision and be successful in home buying.   What it would cost to buy a home? Let’s here discuss various items that you would need to arrange as a home buyer to coordinate your home purchase. Deposit – This is the amount tha...Read More

Investment Property – Understanding Tax Deductions

By: Elixir Real Estate

Investment Property – Understanding Tax Deductions

Tags: Real Estate

When you decide to buy an investment property, we need to understand what and how are the tax implications.  In this writeup, we will try to address and understand all these and more when it comes to buying a Real Estate Rental Property. Net Income Calculation: When you put a property on rent, the rent received from the tenants becomes our Gross Income, it would include all the rents receiv...Read More

How Realtors Help

By: Elixir Real Estate

How Realtors Help

Tags: Real Estate

A Realtor works for your best interest irrespective of whether you are buying or selling, they ensure to apply their skills and knowledge to get the maximum benefit to you in the transaction and making the whole process pleasant. In Buying they will help you to determine what you can afford and whether it is the right time to buy; what neighborhoods are best based on your budget and family lifest...Read More