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Welcome Home: Insider Secrets to Buying or Selling Your Property -- A Canadian Guide

Welcome Home: Insider Secrets to Buying or Selling Your Property -- A Canadian Guide

Sarah Daniels

ISBN: 978-0-470-15973-6

Dec 2009

240 pages

Select type: Paperback


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With so many differing opinions about real estate these days, buying or selling a home can seem like a daunting task, especially for the everyday person who has little or no real estate experience. But as author Sarah Daniels explains, the process doesn't have to be painful, and people can come away from the experience feeling happy with the outcome. Covering the basics from A to Z, Welcome Home walks the reader through the various stages of home buying and selling in Canada, all the while adding her own insider secrets and tips. Filled with entertaining, instructive stories and written in an approachable, coversational tone, Daniels offers helpful advice on mortgage financing, interest rates, brokers, and the questions you need to ask about mortgages; how to find a good realtor, the right property, and negotiate a fair deal; how to get your home ready to sell, what renovations to consider and how to effectively stage your home; buying resale vs newly built; and renting out your basement as a mortgage helper.

Acknowledgements ix

Introduction 1

PART 1 Getting Ready 5

Chapter 1 Mortgage Financing 101 7

Chapter 2 Doing Your “Homework” 21

Chapter 3 How to Find a Realtor Who Is Right for You 31

Chapter 4 The Pros and Cons of Selling Your Own Home 49

PART 2 Sell Before You Buy 59

Chapter 5 Getting Your Home Ready to Sell 61

Chapter 6 Pricing Your Home 77

Chapter 7: “Subject to Sale” Offers and Other “Subject to” Conditions You Should Know About 87

PART 3: The Nitty-Gritty Of Purchasing 105

Chapter 8: Buying or Selling a Strata Property (Condo or Townhome) 107

Chapter 9: Newly Built Homes Versus Re-sale Homes 117

Chapter 10: Market Conditions 129

Chapter 11: What to Look Out For, and What Not To Do! 141

Chapter 12: The Offer, the Negotiation and the Close 153

Chapter 13: The Home Inspection—Don’t Buy a Home without One! 177

Chapter 14: Between the Firm Deal and the Move-In Date 187

Chapter 15: Adding a Mortgage Helper to Your Home 199

A Final Word 209

Glossary of Terms You May Encounter Along the Way! 210

Index 225