Reverse Mortgages: What to consider when considering a reverse mortgage

Reverse Mortgages What to consider when considering a reverse mortgage  A trend on the rise in home ownership as of late is the concept of reverse mortgages. This financial strategy is getting more and more common, as homeowners begin to use the equity of their home as a loan. But what exactly is a reverse mortgage, and how does it work? Let’s examine the concept of a reverse mortgage, and the benefits and downfalls that are included in its’ use. What is a reverse mortgage? A reverse mortgage is a loan that allows you to receive money from your home
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July 2018 in Ottawa Real Estate: Market Snapshot

July 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: July 2018:  We continue to see a healthy real estate market in Ottawa, with inventory levels are improving.  Have questions? Looking for specific neighbourhood stats? Message us, we’d love to help!!     A Sizzling Summer for Ottawa Real Estate [posted by the Ottawa Real Estate Board] August 3, 2018 Members of the Ottawa Real Estate Board sold 1,614 residential properties  in July through the Board’s Multiple Listing Service® System, compared with 1,524 in July 2017, an increase of 5.9 per cent. The five-year average for July sales is
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The Search Is On – Listings: How the majority of buyers & sellers find listings in 2018

As the age of technology and the Internet continues to thrive, many industries have developed over the years to incorporate the constantly changing world of advertising and reaching potential clientele. Long gone are the days of people driving around on the weekends in search of potential listings, and fewer are checking the paper in search of their potential dream home. Despite these changes, the housing market is still booming and buyers and sellers alike are finding their future properties. The real question is, how has the search for real estate listings changed? The majority of that question can be answered
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Neighbourhood Snapshot: Exploring Almonte

Under 30 minutes to Ottawa, Almonte is an Area Home Buyers Should Consider Most of us have heard the Mark Twain quote  “Buy land, they’ve stopped making it”,  there’s no doubt that investing in real estate is a great way to build equity.   As prices in the urban centres creep up, more Ottawa buyers are purchasing condos as a way to get into real estate investment.  We saw a condo boom in 2017 and the trend is continuing into 2018.  While this is a great option, if the condo lifestyle doesn’t appeal to you, you might consider bucking the trend
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Listed, Viewed, Sold! Steps in the home selling process 

Listed, Viewed, Sold! Steps in the home selling process   Selling your home is a big task, and an important one to pay critical attention to – as your house is typically your biggest asset. Ensuring that you’re ready to start this journey is key, and being as prepared as possible can ensure your house is sold for its’ top value. There are many important steps along the way when it comes to selling your house, and to take off some of the pressures, we’ve laid them out for you in this article. Find a realtor Your realtor is going to be
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Choosing a Realtor That’s Right for You

Choosing a Realtor That’s Right for You When it comes time for you to buy or sell your home, you’ll want to be sure that you have the guidance and support necessary for you to make a decision you’re most comfortable with. With that said, finding the right Realtor is just as (if not more) important as finding the right home. We know that by choosing Royal LePage Team Realty you are trusting us to ensure your real estate transaction goes smoothly and that your interests and investments are protected, our REALTORS® take this responsibility very seriously. Selling your home? Albeit a
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Airbnb: New regulations may change your investment

To Airbnb or not to Airbnb? New regulations in Ottawa  In the past few years, the trend of Airbnb has been sweeping the nation.  Airbnb gives property owners a platform to rent income properties and even their own homes as short term rentals.  With the homeowner in control of timing and rates, this can be a great way to off-set the costs of owning a property.   However, with the implementation of new taxes for short term rentals and with some condominium corporations changing their rules to disallow individuals from utilizing their units for such purposes, it may not be as
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Ottawa Real Estate Market Snapshot: June 2018 

June 2018 in Ottawa Real Estate: Market Snapshot Ottawa Real Estate Market Snapshot: June 2018:  The Ottawa Condo market is leading the way in units sold, up over 16% in the first half of 2018 compared to the same time period last year, experts say Buyers looking for affordable homes may be turning to the Condo market, due to the increase in price in single family homes.  Compared with 2017 Ottawa home sales in the $250-275K price point have decreased by 37%, and we’ve seen a 41%  decrease in the $275-300K price range. Have questions? Looking for specific neighbourhood stats? Message
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Why summer is a good time to move…  

Why summer is a good time to move…   School’s officially out for summer!  If you’re like us, you’re probably thinking beaches, holidays, cottages… any activity that will get us out to enjoy the warm weather…but it can also be a perfect time to move!  While there might not be as much real estate activity in July as there is in May, it may surprise you to find out that June, July and August are busy months in Ottawa real estate, especially in recent years.  The weather is fine and there are still a lot of great opportunities to buy
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Buying a Home: Step by Step

Buying a Home: Step by Step  Buying a home can seem like a daunting task in the beginning. There are so many options to consider, let alone finding that dream home. You may be wondering what the main things to consider when you’re going to buy a house, and how the process works? With so much information surrounding the housing market, we’ve created a short step-by-step process to help you with all your home buying needs! Finances The daunting and confusing aspect of buying a home always lands in the finance department. Mostly because finances on a large scale become
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