Skip a payment?If you were looking at getting a better return on your investment immediately with cash flow here is an option...Most mortgage companies have the option of skipping a mortgage payment or 2 or even 3 in some cases. Some banks make it as simple as going online to your accounts and clicking a button. At the Royal Bank, for instance, you can simply go online to your Mortgage account and it will tell you how many mortgage payments you can skip. Then you just click a button and you’re done! Others places require a signature at the bank. So, if you’re looking to get a larger cash return this year, check out the options on your investment properties and see if you can skip a payment. This does extend the time frame in which you pay off your mortgage and you will pay a bit more in interest but it’s an option.#RealEstate#CashFlow#NiceToHaveOptions#MoreCashInYourPocket#TeamKanderLifeHacks#MortgageOptions
“Amortization” means how long it will take you to pay off your mortgage. A typical mortgage is amortized over 25 years, so that means if you bought the house and made your payments on it for 25 years you would own it. You can choose different amortizations such as 15 or 20 years or really any amount. The amortization years you choose could lessen the amount of interest you pay and you would pay off your home faster. It doesn’t actually cost much more per month to save years of payments.For a free home evaluation go to www.whatsmyreddeerhomeworth.com#TeamKander#RealEstate#Amortization#Mortgage#OwnYourHomeFaster
An RPR is something you need to be familiar with when you buy or sell a house. Known now as a Real Property Report it is what used to be called a “survey”. This shows where your house sits in relation to the land that you own. In some cases, a Real Property Report also shows fences, driveways, decks, garages, and sheds. This is important for you to know and the bank generally requires that you have a current RPR or else “title insurance”. You want to make sure that there is nothing encroaching on your property and that your boundaries are determined.For a free home evaluation go to www.whatsmyreddeerhomeworth.com #TeamKander#RealPropertyReport#RealEstate#KnowYourBoundaries
Realtors often use the acronym CMA. This means Comparative Market Analysis. Essentially it is a process that we complete looking at comparable properties for sale, recently sold, and those that have expired and then using that data we can help you determine the best price to ask for your home in this market. It is a type of appraisal on your home but it’s not a certified appraisal so not one that your bank can typically use. At TeamKander we generally do this at no charge for our clients. Call us or go online at www.whatsmyreddeerhomeworth.com for your current CMA. #TeamKander#www.whatsmyredderrhomeworth.com#RealEstate#MarketAnalysis
Sometimes when you’re looking at buying something you have to look into the future. What looks like a scruffy slough on the edge of town could turn into something as beautiful as Anders on the lake. Or an acreage close to red deer next to a busy highway can appear to be just a noisy location.
Both of these scenarios are places that we purchased,the one became a lovely lake with walking paths in a city. This town grew so much that it is now city not just a town.when I bought it the one Lake was just a pond of sorts. Now there are beautiful walking paths, picnic areas and the water levels have risen so that it is a lovely lake now. The one at the edge of red deer client said oh it’s too noisy. But it becomes development land with much higher value as you can sub divided into smaller lots. So try to think 10 or 20 or even 30 years into the future when you’re looking at buying something. That gnarly piece of rock may actually be a diamond.
LOCATION! LOCATION! LOCATION! (Part 2)
When people are purchasing a property they are always looking for the “IT”! The “IT” is something that sets the property apart from all others. When you are looking at purchasing a home, find that thing that makes your heart go pitter-patter.
Like a condo that we have for sale at the top of Michener Hill. When you walk into the living room and look out the window, the magnificent view of the Red Deer city downtown is jaw-dropping, especially at sunset or in the evening when the lights are all twinkly. You feel like you’re in New York or something. I think it’s everyone’s dream to own something with a skyline City-view.
These properties usually sell for more money than just a basic condo looking onto the back of somebody else’s house or a parking lot view. It’s worth it for the enjoyment factor and the desirability factor, and the increase in value will probably exceed just a regular condo.
So, when you’re looking at making a move, make sure you buy the very best thing that you can possibly afford because when its time to sell, everybody is wanting that special “IT”, that thing that makes your heart skip a beat, that place that you can call feel proud to call home.
#TeamKander
#RealEstate
#LocationLocationLocation
#Condo
#Cityview
#TheItFactor
LOCATION! LOCATION! LOCATION! (Part One)
This is one of the main things I look at when buying a property. When we purchased our condo in Hawaii Bryce said, “well there’s one thing you can’t do and that’s install an ocean view.“ This is true! There were many condos for sale that might’ve been bigger, had more bedrooms, etc. but when I asked the Kauai realtor how many people when they come to Hawaii want an ocean view he paused... and then spread his arms wide apart and said “this many want ocean view”. Probably 90% of people coming to a tropical location want a view of the ocean. So it was a done deal. We purchased the one oceanfront listing with the 280° ocean view. Properties with a view typically cost more but when you go to sell it, if 90% of the people are looking for a view, your chances of selling it are much better than if you buy somewhere else. Plus historically that type of property will increase in value much faster than just a basic location.
#TeamKander
#RealEstate
#Kauai
#LocationLocationLocation
#OceanView
#Value
