The hidden costs of selling your property in Canada

The hidden costs of selling your property in Canada

 

Beware; there are the hidden costs of selling your property in Canada you might not know about. Are you been thinking of selling your property and maybe moving into retirement living you’ve been checking out? Selling your property can be a very profitable affair, especially if you have had that piece of property all your life. That means you may have bought it at time when property was not very expensive and could be enjoying the appreciation, which has occurred over the years. However, there are hidden costs of selling your property in Canada involved in selling your property and before you list your property for sale, you might want to check out these costs.

Hidden costs to sell your sell your property in Canada are:

 

  • Are you going to sell your property through a real estate agent or try selling it on your own? The fee is approximately 6% plus taxes.
  • How much do you estimate it will cost to prepare your property for sale?
  • Do you know what would it cost to pay off your mortgage including penalties, discharge and other charges?
  • Are there any repairs or upgrades you need to do that would help sell your property?
  • Are you going to hire a professional to stage your property?

 

Staging is changing the appearance of your property to make it more appealing to potential buyers—for example, renting furniture for a room.

 

Clutter, Grime, and Odors. Deal with it…
Living in our homes, we get used to things and we like them that way. All the family photos and bowling trophies may be family treasures but to a buyer trying to imagine themselves at home, too much information is a turn-off.

 

Other hidden costs of selling your property in Canada

Closing costs

  • Legal costs
  • Realtors fee plus taxes
  • Insurance cancellation
  • Adjustments (property taxes, utilities, condo fees, etc.)
  • Mortgage  penalties & discharge fees
  • Moving costs
  • Hiring a mover or renting a truck
  • Packing materials
  • Hotel costs, if required
  • Disposing of Junk

Mortgage Penaltyb1

The prepayment charge for a closed, fixed-rate mortgage is usually the greater of

  • three months' interest on the outstanding balance of your mortgage, or 
  • the interest rate differential (IRD): an amount based on the difference between two interest rates. The first is the interest rate for your existing mortgage term. The second is today's interest rate for a term that is similar in length to the time remaining on your existing term. For example, if you have three years left on a five-year term, your lender would use the interest rate it is currently offering for a three-year term to determine the second rate for comparison in the calculation. 

b2Mandatory Repairs

When you’re selling your property, especially if it’s an old one, chances are there are many things that need to be repaired or replaced. Perhaps that 1990s toilet needs to be revamped or the kitchen cabinets need to be changed. It’s easy to get carried away with repairs. Think about it, you’re finally getting around to all of those things that you were meaning to get done over the years. The list could include light switches, dimmers, painting, re-grouting, and while they sound small, it’s these little things that can easily turn into thousands of dollars, especially if you’re hiring an expert to do that for you.

What you need to do is to pay attention to the repairs that have a major visual impact and would affect the property value. For example, a new kitchen would excite buyers more than new room carpets.

At the end of the day, the more prepared you are, the smoother the process and the less expenses you will incur. It all comes down to clear thinking and a few calculations, to make sure the cost of selling isn’t eating too far into your well-earned capital.

 

Failing to Complete Disclosures. CAVEAT EMPTOR, BABY!
Being upfront about any issues with your home will save you time, money and face. You may not want to mention the time the firetrucks showed up or the time you flooded the basement.

When do you report a capital gain or loss?

Report the disposition of capital property in the calendar year (January to December) you sell, or are considered to have sold, the property.

Note

Regardless of whether or not the sale of a capital property results in a capital gain or loss, you have to file an income tax and benefit return to report the transaction (even if you do not have to pay tax). This rule also applies when you report the taxable part of any capital gains reserve you deducted in 2014.

  • A donation of securities to a registered charity or private foundation does not trigger a capital gain.

·         If you sell an asset for a capital gain but do not expect to receive the money right away, you may be able to claim a reserve or defer the capital gain until a later time.

Reporting the sale of your principal residence to Canada Revenue Agency (taxman)b3

When you sell your principal residence or when you are considered to have sold it, usually you do not have to report the sale on your income tax and benefit return and you do not have to pay tax on any gain from the sale. This is the case if you are eligible for the full income tax exemption (principal residence exemption) because the property was your principal residence for every year you owned it.

Starting with the 2016 tax year, generally due by late April 2017, you will be required to report basic information (date of acquisition, proceeds of disposition and description of the property) on your income tax and benefit return when you sell your principal residence to claim the full principal residence exemption.

Are you aware of hidden costs of selling your property in Canada? What other costs should you be aware of when looking to sell? Have you sold your property in the last 5 years? We buy houses for cash with fast closing.

Top 10 reasons to buy a home during winter and holidays in Canada

Top 10 reasons to buy a home during winter and holidays in Canada

Win/win for panic sellers and Canadian real estate investors

 

Very few Canadians like to uproot their family and go through the stresses of home buying and moving during the winter and holidays. Those canadians who do not mind, the holiday season and winter may provide home buying bargains for Canadian professional real estate investors.It is actually a win/win situation.Apart from demand and supply there is another factor which is they must sell.

Here are Top 10 reasons to buy a home during winter and holidays in Canada, why?

 Market Activity is really slow – Lots of family, school, and work activities, combined with the weather in many locations, lead to fewer real estate transactions over the winter & holidays. Since fewer people overall are looking to buy houses, you will have less competition for your preferred house – and this gives you leverage.

a1

Winter and Holiday home sellers often have to adjust their price downward or make other concessions if they want to sell. Keep this in mind as you search for homes. Bargains may be available, and listed prices may be more open to negotiation.

Clearance Sale Canadian home builders end up with surplus properties as well as those properties with a new buyer befalls. They are happy  to find Canadian real estate investors to buy the property at a whole sale price. This is very common among condominiums in slow markets.

Circumstances beyond control: Canadians sometimes have to sell their home but not by choice, but due to circumstances beyond their control. That is due to sickness, loss of job, transfer, death, divorce or drugs. Since there are not that many active buyers during the holiday and winter months, it is a perfect time for investors to scoop these types of deals without any competition.

stoppowerofsale

Power Of Sale/Foreclosures in Canada: Due to time and  legal obligations the lender have no patience but to sell these properties as soon as possible to recuperate and safeguard their investments. During holidays and winter times a lot of jobs intend to disappear and a lot of home owners start defaulting their mortgage payments. Remember always buy pre-power of sale or pre-foreclosure Canadian real estate.a2

Estate Sales are the sales with next of kin have inherited these properties by default due to the laws of the country there are a lot of financial obligations which include capital gains, taxes and outstanding bills. These properties need to be sold in urgency because most of the time they are empty and are not in good shape. These are perfect properties for Canadian real estate investors to fix and flip for instant profits.

Motivated panic motivated sellers – Canadians  who are selling their homes over the winter & holidays often have great incentive to sell, such as upcoming job relocation. If a house has already been on the market for some time, that incentive is multiplied.

a3

You may be able to use this urgency to your advantage (assuming you are not in a similarly urgent need to buy). Negotiate fairly but firmly with sellers and you should be able to extract a lower price and/or other concessions like paying part of the closing costs.

Potential Tax Advantages – If you itemize your taxes, you can deduct any points you paid upon closing, as well as property taxes and mortgage interest. Whether it is to your advantage to buy before or after year’s end depends on factors such as how many other deductions you have this year and expect to have next year.

Better service from Canadian lenders – Within the general trend of interest rates, there is often a cyclical trend of lower interest rates during the winter & holidays – not from the generosity of lenders but due to limited demand forcing greater competition among Canadiu 

Fast Closings – Generally, all parties involved have incentive to complete transactions toward the end of the year. Lenders want to close their books, real estate agents want to receive their commissions before the year closes, sellers want to move on to their new home and settle in for the winter & holidays – and just like the sellers, you want to settle in as well.

Since all parties are motivated and there are fewer transactions taking place during this time, it should be easier to put everything in place for a smooth and rapid closing.These factors do not always apply. For example, if you are trying to buy a home in a winter ski resort area or similar high-demand winter destination, these dynamics may be reversed – except for the tax implications. However, for the majority of Americans, the winter & holidays represent an opportunity to buy a home under mostly favorable economic conditions.

Cold weather and Snow storms:, but your opportunities to buy a home around the winter & holidays may be just as delightful. Enjoy the holiday season as you explore your options. Perfect time for canadian real estate investors to help fellow canadians in need.

webuyhousesgif

City of Toronto offer RENOVATION grants

City of Toronto offer RENOVATION grants

There are numerous renovation grants available to homeowners and Canadian professional real estate investors in the GTA. Ranging from a few hundred dollars to several thousand, programs are offered by different levels of government and partner organizations.

The City offers a variety of grants, incentives and tips to help you reduce your energy use and make your home more resilient to extreme weather. When we reduce our energy use, we conserve resources, save money and help the environment at the same time.

3
Whether you want to improve the energy efficiency of your home, get a grant to green your community, or find simple ways to green your life, we'll help you get started.

Homeowners in the city of Toronto have a number of programs available and one such incentive is the Basement Flooding Protection Subsidy Program. The city offers owners of single-family, duplex and triplex residential homes a financial subsidy of up to $3,400 per property to install flood protection devices.

Another home renovation savings initiative offered by the city is the Home Energy Loan Program (HELP), which assists homeowners in improving their home’s energy efficiency. Toronto Hydro HELP provides incentives of up to $650 for replacing furnaces and air conditioners with high efficiency units.

If you’re thinking about installing a green or cool roof, you can take advantage of the city’s Eco-Roof Incentive Program. Eligible green roof projects can receive $75 per square metre and up to a maximum of $100,000. Eligible cool roof projects get between $2 and $5 per square metre, up to a maximum of $50,000.

To apply for any of the renovation savings programs offered by the city, visit your city's website and type the program’s name into the search bar.

To get more information and buy the latest the directory of all Canadian real estate grants, please go to www.GovernmentGrantsCanada.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
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Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
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Canadian Creative Financing Apprenticeship
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Canadian Real Estate Investors Coaching & Mentoring
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Ontario government offers Home renovation GRANTS

Ontario government offers Home renovation GRANTS

There are numerous renovation grants available to Ontario homeowners and Canadian professional real estate investors. Ranging from a few hundred dollars to several thousand, programs are offered by different levels of government and partner organizations.

The province of Ontario offers a variety of grants, incentives and tips to help you reduce your energy use and make your home more resilient to extreme weather. When to reduce energy use, conserve resources, save money and help the environment at the same time.

Whether you want to improve the energy efficiency of your home, get a grant to green your community, or find simple ways to green your life, we'll help you get started.

[b]Ontario Senior Homeowners' Property Tax Grant[/b]

This grant helps seniors with the cost of their property taxes.

How much money could I receive?

You could get up to $500 each year.Use the online calculator to see how much money you can get1

Do I qualify?

You may qualify for the grant if:

you or your spouse/common-law partner paid Ontario property tax in the previous year
you meet the income requirements
as of December 31 of the previous year, you:
were 64 years of age or older
were a resident of Ontario
owned and occupied your principal residence (or your spouse/common-law partner did).

Who's considered an Ontario resident? How is the amount I get for the grant calculated?

If you are single, separated, divorced or widowed2

You could get $500 if your adjusted family net income (income) for the previous year was $35,000 or less.

Your grant is reduced by 3.33 per cent of your income over $35,000.

If your income was $50,000 or more, you do not qualify for this grant.
If you are married or living common-law

You could get $500 if your adjusted family net income (income) for the previous year was $45,000 or less.

Your grant is reduced by 3.33 per cent of your income over $45,000.

If your income was $60,000 or more as a couple, you do not qualify for this grant.

You and your spouse or common-law partner cannot both qualify for this grant: only one of you can receive money.

The Ontario government also offers a number of home renovation incentives, including the Healthy Homes Renovation Tax Credit. If you are over 65 and are planning a renovation to make your home safer and more accessible, you can claim up to $10,000 worth of eligible home improvements on your tax return. For more information, search for Healthy Homes Renovation Tax Credit at ontario.ca.

As well, the provincial government recently partnered with Enbridge to create the Home Energy Conservation (HEC) Program, which offers grants of up to $2,100. The program is open to people using natural gas, oil and propane boilers/furnaces or wood stoves.

HEC can provide $150 dollars towards a Home Energy Audit and up to $1,950 for upgrades such as insulation, air sealing, window replacement, heating system or hot water, just to name a few. Visit knowyourenergyscore.ca to check if you’re eligible.

Talk to your renovator and other professionals if you are thinking of applying for any government renovation programs or incentives. Professional renovators can help you better understand the program, let you know if you are eligible and walk you through the application process.

One of the advantages of working with professional renovators is that you can benefit from their knowledge and experience. Take that into consideration when hiring your renovator and be sure to ask lots of questions.

Hire a renovators who is licensed, bonded and have a WSIB number. All renovators and trade contractors must abide by a renovation-specific code of conduct that includes things such as providing a written contract, offering a minimum $2 million in liability insurance and providing two years’ warranty on all work.

To get more information and buy the latest the directory of all Canadian real estate grants, please go to www.GovernmentGrantsCanada.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
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Alberta Foreclosure LIVE Training 2017
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Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
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We buy houses all CASH, Fast closing
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale properties Billings, Ontario P0P 1J0

Tax Sale properties Billings, Ontario P0P 1J0


sale of land by public tender
The Corporation of the Township of Billings

billings

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 4:00 p.m. local time on Monday, December 19, 2016 at the municipal office:

Township of Billings

15 Old Mill Road, P.O. Box 34 Kagawong, Ontario P0P 1J0.

The tenders will then be opened in public on the same day at 7:00 p.m. at: Township of Billings

15 Old Mill Road, P.O. Box 34 Kagawong, Ontario P0P 1J0.

Description of Land(s):

PIN 47119-0386 (LT)

PT Lot 27, Con 16 Billings

being Pt 1, 31R-377

s/t debts in RM42852

and

PIN 47119-0395 (LT)

PT Lot 27, Con 16 Billings being Pts 2-4, 31R-377

s/t debts in RM42852

Township of Billings

District of Manitoulin

Roll No. 5121 000 007 12800 0000

File No. B-14-10

Minimum Tender Amount:$12,489.48

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the Municipality and representing at least 20% of the tender amount.

Except as follows, the Municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

Note: HST may be payable by successful purchaser.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Kathy McDonald
Clerk/Treasurer
Township of Billings
15 Old Mill Road
P.O. Box 34
Kagawong, Ontario P0P 1J0
(705) 282-2611

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
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Alberta Foreclosure LIVE Training 2016
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Canadian Creative Financing Apprenticeship
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Canadian Real Estate Investors Coaching & Mentoring
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Eyewitness Canadian Real Estate Investors Training
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$500 reasons to be a Referral Partner
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We buy houses all CASH, Fast closing
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Kirkland Lake – Ontario

Tax Sale Properties Kirkland Lake – Ontario


MUNICIPAL ACT, 2001 SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF KIRKLAND LAKE

 

kirkland-lake

TAKE NOTICE that tenders are invited for the purchase, individually, of the lands described below and will be received until 3:00 p.m. local time on the 11th day of Jan, 2017 at 3 Kirkland Street, PO Box 1757, Kirkland Lake, Ontario P2N 3P4.

The tenders will then be opened in public on the same day at 3:00 p.m., in the Council Chambers.
Description of Lands:

Tax File 15-20 (Roll #5468-000-016-19404-0000)
No Civic Address
TECK MCL16651 PCL 3614T
Assessment: $6,500 Residential
2016 Municipal & Education Taxes: $164.90
Minimum Tender Amount: $ 5,992.80

Tax File 15-21 (Roll #5468-000-016-19500-0000)
No Civic Address
TECK MCL9853 PCL 2167CST
Assessment: $6,500 Residential
2016 Municipal & Education Taxes: $164.90
Minimum Tender Amount: $ 5,864.80

Tax File 15-22 (Roll #5468-000-016-19501-0000)
No Civic Address
TECK MCL8195 PCL 1691CST
Assessment: $6,900 Residential
2016 Municipal & Education Taxes: $175.05
Minimum Tender Amount: $ 6,729.13

Tax File 15-23 (Roll #5468-000-016-19502-0000)
No Civic Address
TECK MC HR1419 PCL 345IT
Assessment: $6,700 Residential
2016 Municipal & Education Taxes: $169.98
Minimum Tender Amount: $ 6,268.94

Tax File 15-24 (Roll #5468-000-016-19503-0000)
No Civic Address
TECK MC HR1414 PCL 3460T
Assessment:$6,600 Residential
2016 Municipal & Education Taxes: $167.44
Minimum Tender Amount: $ 6,137.05

Tax File 15-25 (Roll #5468-000-016-19601-0000)
No Civic Address
TECK MC HR1406 PCL 3589CST
Assessment:$6,600 Residential
2016 Municipal & Education Taxes: $167.44
Minimum Tender Amount: $ 6,204.73

Tax File 15-26 (Roll #5468-000-016-19602-0000)
No Civic Address
TECK MCL23839 PCL 3582CST
Assessment:$6,600 Residential
2016 Municipal & Education Taxes: $167.44
Minimum Tender Amount: $ 6,104.70

Tax File 15-27 (Roll #5468-000-016-19603-0000)
No Civic Address
TECK MCL25611 PCL 3581CST
Assessment:$6,200 Residential
2016 Municipal & Education Taxes: $157.30
Minimum Tender Amount: $ 4,226.92

All above properties are within the Municipality of Kirkland Lake, District of Timiskaming.

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order, a bank draft, or cheque certified by a bank or trust corporation payable to The Corporation of the Town of Kirkland Lake and representing at least 20 percent of the tender amount.

The municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sale Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus any additional costs.

The purchaser is obligated to obtain their own solicitor to complete any transfer of property.

The municipality has no obligation to provide vacant possession to the successful purchaser.

Note: HST may be payable by the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

RYAN DAGELMAN
3 Kirkland Street
P.O. Box 1757
Kirkland Lake, ON
P2N 3P4
705-567-9361 Ext.229

MEGHAN HOWE
3 Kirkland Street
P.O. Box 1757
Kirkland Lake, ON
P2N 3P4
705-567-9361 Ext.232
http://kirklandlake.ca/index.php?id=80

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Special Sale Forgivable Canadian Business & Real estate Grants, Canadian Credit Repair
Image

Alberta Foreclosure LIVE Training 2016
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

$500 reasons to be a Referral Partner
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Top 10 tips to get your Mortgage approved every time in Canada

Top 10 tips to get your Mortgage approved every time in Canada

Top 10 tips to get your mortgage approved every time in Canada requires preparation and due diligence.

Canadian professional real estate investors understand the challenge to get a mortgage with favorable terms.

There are lot of hidden costs built in from all major Canadian banks, lenders and private hard money lenders.

 

Here are Top 10 tips to get your mortgage approved every time in Canada,

tricks, secrets and strategies, Canadian investors and home owners can use.

1. Have your documents ready to go – if you’re not sure what you’ll need, find out first and get a head start on any paperwork you’re missing.

2. Get a mortgage pre-approval ahead of time – if you are unsure as to whether you will qualify for a mortgage or what you have to do before even qualifying for a mortgage have a lender take a preliminary look at your application so there are no disappointments when you are ready to buy.

3. Have a good credit score – the higher the score the better.Minimum credit of 750 is the best.You can boost and fix your credit by yourself.Strategic Credit Repair Guide from http://www.GovernmentGrantsCanada.ca

4. Don’t borrow your down payment if you don’t have to – the more you have from your own resources, the more appealing you look to a lender.Proof of funds make it much easier than otherwise.

5. Have minimal debt – the less, the better.

6. Buy within your means – you need to qualify for what you buy, ensure it’s affordable.

7. Have good job tenure – the longer you’ve been with the same employer, the better it looks.

8. Provide a large down payment – the more the better because it means less risk for the lender.

9. Sell your existing property first – if you don’t sell, you must qualify to carry both.

10. Have good credit repayment history – a good credit score doesn’t mean much if there’s not enough history of debt repayment.

11. Have positive net worth – assets look good to a lender.

12. Don’t rush – sometimes you can’t rush a good thing.

13. Shop around for the best rate before you buy – prevent delays when it comes time to buy. Deal with experienced Canadian mortgage broker with proven record.

14. Do your research first – be prepared to avoid surprises.

15. Don’t change jobs at the last minute – your lender will need the new details and probation can cause issues.

16. Avoid last-minute large purchases – material changes to your application, including debts, can alter your approval status.

17. Consult a professional – use their experience to your advantage.

18. Augment your savings account – more money is always a good thing, right?

19. Understand what a co-signer is – just in case it’s needed, you’ll be ready.

20. Ask for exceptions – you don’t get what you don’t ask for.

21. Be prepared to negotiate – if it’s very important to you, be prepared to discuss it.

22. Don’t take no for an answer – if you don’t succeed on the first try, try and try again.

23. Have a back-up plan – if it doesn’t work out one way, prepare for a plan B.

24. Fill out your paperwork accurately the first time – save time and energy by doing it right the first time. Ask questions if you’re unsure how.

25. Be honest – mortgage approvals can be withdrawn if a falsification is discovered.

26. Know your income if you’re self-employed – it needs to be clearly presented to a lender, so make sure you’re on top of it.

27. Be open to alternatives – there may be other options.

28. Budget for closing costs – costs can vary, be prepared.

29. Pay attention to detail – sometimes it’s the small things that can make a big difference, read the fine print.

30. It’s okay to wait – an approval may not be possible right now, that doesn’t mean it’s never going to happen.

31.Always obtain AACI appraisal in Canada.

32. Get your own credit report to make sure it is clean and there are no errors.

33 Do not allow everyone to check your credit score.

34 Never use more than 60% of available credit.

35.Use owner financing or vendor take mortgages.

36.Be aware of zero percent mortgages from private, government and charities.

37.Ask about penalties before signing up any documents.

38. Be aware of Interest rate differential (IRD)

39. Ask the lender to pay your legal fee.Nothing gains unless you ask for it.

40 Do not renew with the same lender, shop around for better rates and terms.

While the above tips might make getting a mortgage approval a bit more likely, working with an experienced mortgage professional who can successfully structure your application for acceptance by a lender is the quickest route to home ownership.

Once approved, make sure you’re comfortable with the commitment you’re about to make.

Ensure the new mortgage supports your lifestyle by being affordable and aligns with your financial goals.

Please feel free to suggest to add more tips to Top 10 tips to get your mortgage approved every time in Canada.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

We Buy Houses in Canada

We Buy Houses in Canada   

 

Professional real estate investors group (PREIG) Canada is helping fellow Canadians in need and we buy houses in Canada for cash with fast closing.We buy houses in Canada to provide instant cash, fast closing to avoid foreclosure, eviction and help fellow Canadians to downsize and move forward.We buy houses

We buy houses in Canada understand the urgency of time and money. We buy houses in Canada will make a written offer for you to review it with your real estate lawyer and get independent legal opinion.

We buy houses in Canada helping fellow Canadians in need now leads from the front when it comes to helping Canadians in and around the area to sell their homes really fast.

 With deep roots and insights in finance and Canadian real estate, we have helped innumerable Canadians to sell their homes without much of hassles whatsoever.

We buy houses in Canada and we are cash home buyers. The reason you want to sell your home for cash and fast is important to us to make sure that you are able to move forward. Together we can come together with win/win solution.

cash4yourhome

We buy house due to Canadian Home owners are facing one of following challenges;

 

Behind mortgage payments

Needs cash now

Bank/Lender refuses to renew mortgage

Demand letter by the bank, pay up or get sued

Avoid eviction orders by court

Missing mortgage payments

Unemployed

Laid off

Property requires renovation

Work orders by city inspectors

Avoid seizure of your property

Behind Taxes with Canada Revenue Agency

Foreclosures

Right to redeem (power of sale/foreclosures)

Non renewable of Mortgage

Fire damage properties

Power of sale

Sell Your House For Cash
Sell Your House For Cash

Tax Sale

Sheriff Sale

Court case

Eviction by Sheriff

Law suits

Expired MLS listings

Divorce

Bankruptcies

Homes in probate

Family problems

Sickness

Poor health

Pay off debts

Accidents

Downsize

Old age

Sellers whose employers transfer them

Owners who are evicting tenantsforeclosure

Vacant homes

Trashed or damaged homes

No-Commission

Fire damaged properties

Estate Sales

Death

Drugs

Grow Op houses

Meth labs

Murder

Stigmatized properties

Flood/wind damage properties

Seized properties

Auctions

 

All paper work approved in writing by the home owners Lawyer FIRST.

What is important is that you are treated fairly with respect and dignity and get out of the situation really fast.cashbuyers

With a considerable experience, expertise, knowledge, and vital industry exposure, Professional real estate investors group (PREIG) Canada is always successful in assisting Canadians to sell their properties without much of hassles.

By doing so, we have helped innumerable Canadians in need of money get quick cash. We buy any and almost every type of homes and properties. Therefore, Canadian property owners who must sell due to relocating or need fast cash owing to an urgent need, want to sell properties without involving in lengthy and cumbersome procedure.

We buy homes in Canada in any condition and irrespective of the location and condition. Despite the price range and condition of the property, we help Canadian property owners dispose of the property right away. Moreover, we offer no obligation offer to enable Canadian home owners to make the right decision for them.

Professional real estate investors group (PREIG) Canada is the best resource for those who want to know how to sell their house in Canada for quick cash and fast closing.

About Professional real estate investors group (PREIG) Canada

Professional real estate investors group (PREIG) Canada is known to provide a win-win situation to those who are in a dire need of money and want to sell their home fast.

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Tax Sale properties Almonte – Ontario K0A 1A0

municipal act, 2001


Tax Sale properties Almonte – Ontario K0A 1A0


sale of land by public tender
The Corporation of the Municipality of Mississippi Mills

take notice that tenders are invited for the purchase of the land (s) described below and will be received until 3:00 p.m. local time on Friday the 2nd day of December, 2016 at the Municipal Office, 3131 Old Perth Road, Almonte, Ontario K0A 1A0 Attention: Treasurer

The tenders will be accepted in a sealed envelope and clearly marked with the PIN and the roll number of the property for which the tender is submitted. A separate tender must be submitted for each property. Tenders will then be opened in public on the same day at the Municipal Office Council Chambers at 3:05 p.m.

Description of Land(s):

1. Part Lot 15, Concession 10 Ramsay

Being Part 2, Plan 26R9205

Municipality of Mississippi Mills, County of Lanark

PIN 05090-0255 LT

Roll Number 0931 020 025 17838 0000

Minimum Tender Amount:
$10,751.06

2. North West Quarter of East Half of Lot 8, Concession 2

(Geographic Township of Pakenham)

Municipality of Mississippi Mills, County of Lanark

PIN 05079-0009 LT

Roll Number 0931 946 015 03700 0000

Minimum Tender Amount:
$6,596.52

The sale of these properties is subject to cancellation up to the time of the tender opening without any further notice. The minimum tender amount represents the cancellation price as of the first day of advertising.

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters including environmental relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, penalties and interest, HST if applicable, and the relevant land transfer tax within 14 calendar days of being notified as the successful purchaser.

The municipality does not provide an opportunity for potential purchasers to view properties. The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Rhonda Whitmarsh, Treasurer
3131 Old Perth Road
R.R. #2
Almonte, ON K0A 1A0
(613) 256-2064 ext. 262
rwhitmarsh@mississippimills.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Canadian Creative Financing Apprenticeship
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Canadian Real Estate Investors Coaching & Mentoring
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Eyewitness Canadian Real Estate Investors Training
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We buy houses all CASH, Fast closing
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Southwest Middlesex – Ontario

municipal act, 2001


Tax Sale Properties Southwest Middlesex – Ontario


sale of land by public tender
The Corporation of the Municipality of Southwest Middlesex

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on December 1st, 2016, at the Southwest Middlesex Municipal Office, 153 McKellar Street, Glencoe Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Southwest Middlesex Municipal Office, 153 McKellar Street, Glencoe.

Description of Land(s):

Roll No. 39 06 008 020 32800 0000; 151 Roe St, Glencoe; PIN 08564-0061(LT); Part Lots 31 & 32, Plan 288, as in MW110608; Glencoe; File No. 13-02

Minimum Tender Amount:
$20,693.82

Roll No. 39 06 000 040 02000 0000; 6401 Longwoods Rd, Melbourne; PIN 08553-0023 (LT); Part of Lot 2, Range 1 South of the Longwoods Road as in MW114306; Ekfrid; File No. 15-01

Minimum Tender Amount:
$16,533.59

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, crown interests or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Kristen McGill, H.B.Com, CPA, CGA
Treasurer
The Corporation of the Municipality of Southwest Middlesex
P.O. Box 218
153 McKellar Street
Glencoe Ontario N0L 1M0
(519) 287-2015 Ext. 108

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!