How To Be a First-Time Home Buyer
By Jennifer Lynn Walker When most of us think of buying our first home, we have a picture of it in our minds. It may have a traditional white picket fence or a modern black door. As much as visualization can be a great place to start, there's much more to consider....
Financial Secrets – How Much Do You Disclose To Your Broker?
When you make that first visit to a real estate broker, you will be asked: “Have you been to the bank?” or “Have you talked to a mortgage broker?” It’s surprising how many people reply defensively: “Why are you asking? I have the money!” Perhaps these prospective...
Be Extremely Cautious Buying Repossessions
By Jennifer Lynn WalkerMy Fools Mistake of Buying Without a BrokerThis is a funny story, in the sense that it's ironic. This is my story, my learning lesson and the jokes on me.I bought a house this spring... yah! It was a fixer-upper in the well sought after...
Repossessions: What The Banks Don’t Tell You
By Jennifer Lynn WalkerNew real estate investors often think of repossessions as a way to get started in the business. A repossession happens when property owners can’t pay their mortgage. The bank takes over the property and sells it to recoup its money.The idea that...
What To Look For When Buying a Condo
Well it’s no surprise that the condo market is not doing all that great for sellers. Over the last year the statistics show a decline in sale volume and price. Average days to sell a condo is now 123 days, compared to 90 days in 2009. The construction of condos are still going strong and there aren’t enough buyers to go around. In NDG/CDN alone there are about 950 condos for sale, and since January 2015, there were only 435 sales in those areas. Which means it took 6 months to sell 1/2 the product on the market. And this area is one of the lucky ones.
So what to do?
Buying real estate is a great investment. 12 years ago after reading “Rich Dad, Poor Dad” by Robert Kiyosake, convinced me that I wanted to get into real estate. I got my license and also bought my first property. Since then, with the real estate I own, my equity grew from 50,000$ to $300,000. Whether it be a house, condo or plex, buying the right one make a difference to your pocket book.
Benefits of working with a realtor when buying a home
I see a LOT of buyers visiting open houses and booking visits on their own, who are not represented by a real estate broker. I'm always amazed at this because of the value of working with one outways going about it on your own. There are only benefits. In fact not...
Consider Municipal Taxes Before Buying a Property
By Jennifer Lynn Walker A lot of people enter the real estate market without understanding all of the costs involved in a deal: a building inspection, land transfer tax, notary costs, adjustment costs at the signing, insurance, immediate renovation costs… Last but not...
STRESS In Buying Real Estate, Some Good ADVICE…
The biggest issues that I see in buying and selling is the stress that goes along with it. Problems with a house, irregularities with the certificate of location, money issues, fear of finding the right home, not sure where to start, not enough time…the list can go on...
Buying a Profitable Duplex
Written by MARLENE EISNER, The Gazette, 30 March 2013Two factors led Jennifer Lynn Walker into real estate — a friend, and a book. It was the friend who suggested it would be fun to become brokers together. That was eight years ago and since then, the two have gone...
Multiple Offer-Notification Of The Other Offer
By Jennifer Lynn Walker When is enough effort enough? If you are the selling broker dealing with a multiple offer situation, how much effort should you take to get a hold of the buying broker to notify them of the other offer? You would think it would be their top...