Homes By Navroop

  It’s been a struggle to watch our local real estate Kitchener market largely put on freeze under the state of emergency. Our business sector like so many others has been deeply affected by the coronavirus. Furthermore, prior to the spread of the virus inside of Canada, Kitchener-Waterloo was on pace for another record-setting year in the growth of property value. Now, some of those gains are already in question and maybe diminishing. In short, the market is in a state of flux until we are able to sort out a path forward for the economy to start. We will continue to be providing updates on the local market throughout this unfolding development. Keeping Things In Perspective… Business aside, we can be so thankful for our healthcare system. Our doctors, nurses, and support staff have been asked to deal with a tremendous crisis. We have our busy days in real estate but reading about the strain our healthcare system is being put under keeps that in perspective, their efforts are hero...

  Many buyers and sellers fear a situation will fall through. While it is rare,  there are some instances where real estate Kitchener deals do not work out. When something happens to an offer, it is disappointing for both the seller and the seller. There are things we can do to ensure a positive outcome when negotiating a real estate deal.  Here are five of the most common reasons a real estate deal will fall through: FINANCING Until your mortgage is not approved, the offer cannot proceed. This is easily prevented through pre-approvals. Buyers who are pre-approved for a mortgage are less likely to be rejected and the deal is guaranteed easily.  As a buyer, you can also benefit from having pre-approved, as many sellers will opt for a pre-approval over a regular deal if they are not so confident sellers. It is a win-win for both the parties- buyers and the sellers, as pre-approval can really ease the entire process and avoid disappointment on both sides. HOME INSPECTI...

  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 ma...

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: _______...

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...