Royal LePage Team Agent’s Love Their Neighbourhoods and Want to Recognize Those that Make it a Great Place to Live!

  Your Royal LePage Team Agents from across Ottawa and surrounding areas want to recognize those individuals that make our communities such a great place to live. Collectively they have created a Contest to allow for you to tell them about your “Great Neighbour”. Tell a  Royal LePage Team Agent  About Your Great Neighbour and Your Neighbour Will be Entered to Win  Great Prizes Monthly of an Ottawa “Staycation” and a Chance to at the Grand Prize of a Caribbean Cruise! You only have to nominate your neighbour once – each entry is eligible to be selected as a winner
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Spring is an Exciting Time to Buy a Home!

Finally it feels like Spring has arrived and with it comes an increased desire by consumers to start looking at the potential of buying a new home. If the home buying bug has taken a nip at you this spring, consider enlisting the services of a Trained Real Estate Professional who can ultimately save you time, money and from costly mistakes. Now, the Buying Consumer has the same privileges that has always been afforded to Sellers and can hire a Real Estate Professional to protect their interests when purchasing a home and it doesn’t cost the Buyer any money for
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Royal LePage’s New Mobile App Breaks Industry Barriers With Draw-and-Search Feature

  Royal LePage, in partnership with award-winning mobile agency Plastic Mobile, recently announced the launch of the Royal LePage mobile app for Canadian house hunters. Available for iPhone, the new app is simplifying the property search process down to the swipe of a finger. The app’s innovative Draw-and-Search feature allows users to easily zero in on a specific geographic area of interest on a map, by simply drawing the area of choice with their finger. Upon doing so, property listings within the selected region will pop up on the screen. On-the-go house hunters no longer need to log in or fill in forms
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Thinking of selling? Get educated about market conditions specific to YOUR home.

Our local Ottawa real estate board regularly publishes information about market conditions in and around the city. And while this information is useful, the data is based on statistics compiled from ALL home sales regardless of age, style, neighborhood or price point. As such, it may not necessarily reflect the conditions specific to YOUR home. When marketing your home for sale, it is critical that your sales representative identify market conditions specific to your home. Are you in a seller’s market, a balanced market, or a buyer’s market? Each of these market conditions demands a different marketing strategy to ensure
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Ottawa Residential Housing Price Increases between 1956 and 2013

As the Nation’s Capital, Ottawa has always been a great city in which to buy real estate, whether for home ownership or investment purposes.  Over the years, when the rest of the country was experiencing dramatic downturns in their real estate markets, Ottawa seemed to be insulated and the housing market remained steady. This historical trend continues today, and presently Ottawa enjoys a diverse employment base that helps it to weather the economic storms.  In contrast, the housing markets in other communities across Canada continue to be directly affected by local economic conditions and downturns in local industries. The chart
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Now Sellers Can Choose Their Commission Rate

Today more than ever, consumers have choices when it comes to what commission rate they will pay when listing their home for sale.  From flat fees to full service fees, and many options in between, it seems that consumers are spoiled for choice.  But if you’re considering listing your home for sale, you simply must make sure that you clearly understand exactly what each level of service provides. What are you getting for the fee you’re paying? What level of service can you expect to receive? How much of the process will you be expected to perform? Will your agent
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Condominium Living

An Ideal Lifestyle for Some People Wanting Freedom and Forced Savings for Repairs and Replacement So you want to purchase a home but don’t want to spend your weekends mowing the lawn or shoveling snow.  Then condominium living may be just what you’re looking for! With a condominium, you own your individual unit in a multi-unit property, plus you share ownership of the land and other common elements with the other condominium unit owners.  Common elements typically include the hallways, elevators, parking lot, landscaped areas, swimming pool, games room, and the like. Condominium Fee Just remember that unlike freehold properties,
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Mortgages today offer a new form of hidden savings!

  In years past, when Canadians faced an array of higher interest rates, the majority of the home owner’s monthly mortgage payment at the beginning of the mortgage went to paying down the interest, leaving the principal relatively untouched. The following chart shows just how much the interest rate can impact monthly mortgage payments, the interest costs incurred over the term of a mortgage, as well as the outstanding balance at the end of the 5-year term. Example: Based on a $200,000 5-year open variable rate mortgage, amortized over 25 years   Interest Rate Monthly Payment Interest Costs for the
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Why January is a GREAT time to list your home for sale

  So it’s January, it’s cold outside and there’s snow everywhere. You’re anxious to sell your house, but you think January can’t possibly be the best time for that. Your family and friends all agree that April is a much better month to put your house on the market. So you wait……. and wait ……. and wait. Well STOP WAITING!! Here are 3 great reasons to list your house for sale in January. 1. There are fewer houses on the market – you’ll have less competition and a greater chance of getting an offer. 2. Anyone house hunting in January
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