Homes By Navroop

  Here are 10 simple tips to become successful in Kitchener real estate investment. 1. Choosing Your Market & Timing The Investment Wisely For successful real estate investment, it’s more important to know your local market than just what’s going on nationwide. Your purchase and its success will be most influenced by the factors at work in your specific real estate market. A good rule of thumb to become successful in real estate investing is to avoid very hot markets. Some real estate investors here may brag about the appreciation of their properties or rising rates, but you risk buying at the top of the market and losing your money. The real estate markets move in cycles due to the desire for economic profits, and every real estate market is at a slightly different phase of its housing cycle. You need to find markets that are in the phase of expansion – where sales and prices are rising, affordability is good, construction is low and capital investment is rising. The exact market

The Home’s Exterior The Home’s Interior Community Local Neighbourhood Home Location:  _____________________________________________________ Address:  ____________________________________________________________ Asking Price:  ________________________________________________________ Annual Property Taxes:  ______________________________________________ Mortgage Terms:  ____________________________________________________ Zoning Restrictions (ask the REALTOR®):  _______________________________ The Home’s Exterior Lot Details Lot size/shape: __________________ Landscaping condition: good/moderate/poor Position of home on lot (compass directions):______________ Driveway: private/shared General lot condition: good/moderate/poor Front yard: sm/med/lg Side yard: sm/med/lg Rear yard: sm/med/lg Mature trees, shrubs, etc: yes/no Curb appeal: good/moderate/poor Condition of walkways: good/moderate/poor Structure Details Number of stories: 1/2/3/4 Type of home: _________________ Siding: brick/bric

To ensure a smooth and successful experience, there are a few common first-time homebuyer mistakes to avoid: 1. Not Using a Real Estate Agent While you might be able to house hunt on your own, there are many aspects of buying real estate that can be confusing to first-time shoppers. A real estate agent Kitchener provides an essential service that you can rely on for negotiating offers, organizing inspections and other details. A good realtor's experience is valuable and can help guide you through the process. In addition, whatever money you might save on commissions could easily be spent on a botched offer or overlooked repairs that could be avoided with the help of an agent. 2. Not Using the RIGHT Real Estate Agent Not using a real estate agent has its issues, but so cannot using the RIGHT real estate agent. You don’t want to be halfway through your home search and then realize your real estate agent isn’t right for you. To avoid this, it helps to get a referral from a friend. If

  Here are 8 action steps you can take right now: 1. Focussing on your credit score is important - Real estate Kitchener FICO credit scores are among the most frequently used credit scores, and range from 350-800 (the higher, the better). A consumer with a credit score of 750 or higher is considered to have excellent credit, while a consumer with a credit score below 600 is considered to have poor credit. To qualify for a mortgage and get a low mortgage rate, your credit score matters. Each credit bureau collects information on your credit history and develops a credit score that lenders use to assess your riskiness as a borrower. If you find an error, you should report it to the credit bureau immediately so that it can be corrected. 2. Managing your debt-to-income ratio  Your debt-to-income ratio is evaluated  when making credit decisions, which could impact the interest rate you receive. A debt-to-income ratio is your monthly debt payments as a percentage of your monthly income. Lend