Posts Tagged ‘home purchase’

The Cambridge Market Snapshot compares September 2014 to September 2013 Real Estate activity for Cambridge Ontario and also a five year comparison on the number of homes listed and sold and average price of list and average price of sold. All information refers only to single detached homes for the five listed area.

Cambridge Market Snapshot


Now is a good time to sell your home. Start now with a FREE HOME EVALUATION!


Summer came and left just like that! August market was slower for the Cambridge area but September is starting out like a lion. We’ll have to wait and see  how it all unfurl.

Here are the results for August:

Cambridge Market Barometer for  August


Dream Homes still available! Right Here!

BEFORE visiting a model home here are some things you need to know.

Comparing Existing and New Homes

You will find that existing homes on average are less expensive and more likely in an established neighbourhood thatBuild-Buy has been there for a number of years. New homes on the other hand being more expensive have the ability of offering you a chance to get it done to your liking rather than what’s just there. Working with the home builder you might decide on upgraded flooring, light fixtures, energy efficiency, and finishing touches such as crown molding, hard wood flooring or even higher ceilings. All of this will play a part in deciding which way to go. An existing home will have settled and the street leading to it are probably all lit and paved along with the driveways which is not always the case for new homes. You could be sitting next to a mud pile for a while, sometimes even a few years.

First Thing First

You should know that the home builders hire Selling Agents to promote their homes. These agents have the builder’s interest at heart. When you hire a Realtor to represent you as a Buyer’s agent you have the best of both worlds. His fiduciary duties or obligations are to represent you and your interests as he verifies plans, warranties, financing, building material and even lot and services.  So when you are hiring a Realtor find out how much he knows about new homes so that if you decide to go that route you will have the best representation. If you visit the model home first and you sign your name as a visitor most Realtor will not represent you as the Builder will then consider you their client and will not negotiate with them.


Buy-BuildThe price range that you want to pay for a home and what you can afford will always be your primary concern. Knowing the bottom line and what kind of mortgage you will be carrying will be a big help in the decision making. If you have to sell a home first will also play part in the whole calculation. You may also want to move into a new home before you sell your home so that any extra work could be done before the big move. It’s much easier to paint a home or add finishing touches before the furniture gets all moved in. You might opt for a bare bone home and do the finishing yourself or pay the builder to upgrade some of the basics such as hardwood flooring, ceramic tiles, and stainless steel appliances. In a new home having a finished basement or a deck might not be a priority and could be done later. On the other hand adding a master ensuite or an extra room could prove to be beneficial when comes time to resell. These are some of the options to consider but there are many more.

Choosing a Builder

Your Realtor can help you with this as they know who they are and what they produce. Depending on the type of home that you are looking for they will be better equipped to inform you of all the variance. Like doctors or lawyers not all home builders are the same. From a master builder to space innovator to technology and energy expert, there are many different kinds of builder. Your needs, financial situation and what is available will all play a part.

Neighbouring Facts

Whether you are buying existing or new home you will want to know the neighbourhood. In an existing home-buyingneighbourhood you might want to drive around and check other homes for cleanliness, yard embellishment, general maintenance and you will want to know who lives next door, across the road and across your back yard too. Is it a quiet street or is it being used as a freeway for the motorcycle club down the road? Is it near schools, shopping, church and work? How about the accessibility to these things? It might take six minutes to drive from work to the entrance of the new subdivision but if it takes you thirty minutes from the entrance to your home you might rethink the idea. If a new neighbourhood you should know what else will be built around there. If there’s a green area will it be removed to make room for more homes? Don’t take anything for granted. Even a lake can be dried up.


A good Realtor will be a master negotiator for you whether in an existing home or a new home. Look for builders packages offered that could save you a lot of money in upgrades or financing. Sometimes a less desired or even a premium lot could be obtained at a lesser cost. The model home or other homes from a series that are finished but still not sold or even another contract that fell through could mean a reduced price. There is always room to negotiate.


New Home ConstructionCertainly when you purchase an existing home you know what you are buying because you can see it all from the neighbourhood, the attic to the basement of the house. Neighbourhoods are established and you can see how easy it is to access. Landscaping and fencing are usually done. You might be lucky to find a home that was upgraded already by a past owner. You don’t have to pay the GST/HST unless the home was substantially renovated and then the taxes are applied as if it were a new home. Some people prefer the challenge and flexibility of building their own home. A new home has up-to-date design, material and features. You may be able to choose certain features such as style of siding, flooring, cabinets, plumbing and electrical fixtures. Other features could be upgraded such as adding a fireplace, trees and sod, or a paved driveway. GST applies to new homes but you could be entitled to a rebate from the New Housing Rebate Program. Check Canada Revenue Agency’s website or check with your Realtor. Other than lower maintenance costs many items in new homes are covered by a warranty.

There is certainly a myriad of choices when it comes to purchasing a home. We’ve looked at existing and new homes here but now the real homework begins as you decide what type of home you would like but we will leave that for another report.

It’s that time of year when many folks decide to sell their homes and having an Open House is most likely part of the agent’s marketing plan to attract buyers and a sale of the home. But not every one attending Open House has the intention of buying a home. Find out how to protect yourself and your belongings during an Open House. This video will show you how.



Looking for a Dream Home? CLICK HERE! to get started!

If you are thinking of Selling your home and are not sure where to start CLICK HERE for the first steps!


Buying a home requires knowledge and we are here to help you in the process. When you hire a Realtor you have the best representation to help you find your dream home and to help you negotiate the best deal for your wallet. Your interests are the Realtor’s prime concerns. How will he stay in business or get new clients if he does not give you top service? What will he do to get you the best deal and how can you prepare to avoid any mistakes that buyers often overlook but alas too late? Here are some of the major steps to home buying:

Get Mortgage Pre-Approved

One of the most important steps into home buying is finding what you can afford to buy. When you get Mortgage pre-approved you will also know how much you can afford to pay for a home and it will help greatly in choosing the right home. Most Mortgage lender will guarantee you a rate for a particular length of time making it easier to search for your home without the stress of having to make a rush decision. It will also give you dealing power because the sellers will take your offer more seriously knowing that you are pre-approved.

Get the Right House

We put every home buyer under the magnifying glass sort of speak to find out what client’s needs are. We have developed a “Buyer’s Wish List” to help buyers sort out the needs versus the wants. Once you are equipped with the List you are better able to focus on finding the home that meets your criteria and you are less susceptible to play the emotional roulette.

Placing an Offer

Deciding to place an offer requires some homework that your Realtor will be more than happy to do. He will find out what other comparable homes in the area sold for and whether this home is overpriced for the market. This will give you negotiating power if you want to pursue the offer. You don’t want to pay too much for a home and by the same token if you have found the right house you want to be able to beat out the competition by knowing how far you should go in a multiple offer. You want to make the best business decision for you and keeping the emotional entanglements away will save you money and heart aches.

Documents Accuracy

Part of the offer should include title search and survey of the property to make sure that you are getting everything that is listed without any infringements. The title search will advise whether the seller has the right to sell that property and whether there are any encumbrances such as liens, easement, mortgages or property line issues that would prevent the buyer from taking full possession.

Helping Buyers find not just a house but the right house is what we do. Once our buyers are equipped with the knowledge to make the right choice they are on their way to purchasing their dream home.

April2014 Cambridge market snapshot

           FREE Market Evaluation available HERE             –  –                   Find Your Dream Home HERE


As the temperature so slowly inches up activity for Sellers and Buyers has come into full swing. Buyers are plentiful and are looking for value with homes ready to move in. Sellers have a great opportunity to sell for the right price in the least amount of time.

April Market Barometer Cambridge


We have the Dream Homes for you at

Selling your home starts Here! FREE Home Evaluation.